My favorite three tweets, I'm going to pull them all together, I guess, was this idea that we talked

about a little bit last week with Bill Eckhart in his interview. It goes mechanical trading

with a safety net of rare human overrides is the best approach.

It's better to trade closer to the size that you like than if risk rises above a threshold, manually override.

Which sounds like a contradiction for the three of us because if we go with that, we definitely think we should follow our system.

But I can definitely see that I probably agree with that. No shock there.

That one should not worry too much that there was another quote, something like if you really truly believe in your system, you should not

de-leverage during a drawdown. And I thought, well, I think I would have to go with Bill

Eckhart on this and sort of with the idea that we're following these systems, but this is not

a religion. This is serious. We have a goal of capital

preservation and preserving capital during bad periods. We just have to, even though we believe in

what we do, we have to leave open the possibility that it may not work very well. And we may

see markets and bad periods like we've never seen before

and give ourselves an out in order to preserve our capital and live to play another day.

Well, well-worn cliche, but it's sort of true that I don't think that it's a bad thing to

trade smaller. And this is exactly what I'm talking about.

And I've said it before, trading smaller and reducing risk allows one to continue to be disciplined.

We can do the same trades just in a smaller way until I feel better about this, my current situation and the drawdown kind of stops.

And then there was the third part to this, which is a study that I had seen before and

tweeted before, but I for some reason did it again.

And it was supposedly a study where one of the conclusions were it was that people were more likely to use an algorithm and accept its eras if given the opportunity to modify the algorithm themselves, even if it meant making it perform imperfectly.

So I think that, yes, we're going to make less money if we have these overrides, probably.

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