Hubert Senters here. Got a question from Michael. Hi Hubert, Recently, I subscribed in eight trading systems available in iSystems and did very badly. I thought ensuring there was diversification, a good record of monthly returns in the past and acceptable analytic ratios would suffice so I am very frustrated at the substantial loss outcome. Is it that trading systems are rubbish or what? Thanks Michael. No. You just went about it not in a bad way. Just in a way that just remember past performance is not indicative of future return so just because you got a system that kicked the market’s butt in the past does not mean it will do so in the future. And when I could trade systems I usually like to have anywhere from three to five and I’ll treat like a basketball team. And when you’re doing systems trading a lot of people incorrectly think that a system is unattended trading. You still have to watch that thing like a hulk because if you don’t and it goes through a draw down it can potentially wipe you out. So the fatal error that you made was you gave a magic machine with eight systems with your money. And I don’t know if you look at it on a daily basis. But if you did you would have solved the draw down quicker than you probably had. So just don’t make the mistake in the future of thinking a trading system is unattended trading system. Like somebody’s a broker or somebody’s got a touch of button or something. Somebody needs to watch the thing for you. And usually if it’s your money you should be the one watching it or at least get reports on what’s going on. So they’re not all bad. I like to go to a site called futures truth and it would rank a lot of systems. And since I trade a lot of futures I would trade a bunch of different systems one it was designed for crude. One that was designed for bonds. One that was designed for gold. One that was designed for eminis. That’s how I like to do it. It doesn’t make it any better any worse. That’s how I like to do it. I would start out with one first. If you started out with systems and you just threw all your money at eight systems you’re not going to have enough really good feedback to know what happened there so I would start with one and then add on top of that so. Past performance is not a guarantee of a future return number one. Number two systems that are automated trading bots whichever way you’re going to look at it. You still got to pay attention to them. If you’re not paying attention to your money so bad shit can happen and it can go away and that will suffer for you. And then after that I would start with one system instead of eight, Michael. Congratulations man. You’ve learned a tough lesson here. But it will be a good one going in the future so you know what to do and what not to do and I wish you the best of luck in your system. I love this stuff. If you want more advice you could fire off an email to Mark Helweg. He’s one of the best system designers that I know. I mean I’ve got a backlog of 40 plus indicators that I haven’t even looked at it. He create so many of them. And they’re so good. It’s hard picking my favorite on that stuff. He’ll take systems and turn them into indicators. Which if you don’t like systems trading what you could do is you could do indicator trading that is modeled from a system and then you can decide yes or no. It’s pluses or minuses. I’m going to be doing a special webinar tonight on rolling funds a new way in order for you to continue to generate wealth and it will be tonight with my good friend Kamal Ravikant at 7PM EST. I will HYPERLINK you to the registration page. Good luck. Hope it helps. See you on the next video. Hubert.