The reason I wanted to start this thread is the word SYSTEM is used often on this board. It is a term that is assumed to be understood and easily defined. I think it is overused and vague. I could be wrong. Maybe everyone does have the same definition for the word system and I am the oddball!! My simple definition of system is defined below. I look forward to reading your definitions as they apply to your trading Scalper21 System My system is not automated. I am a chicken pecker. I will make any trade that I feel has a chance of profitability. My trade entry system is very fluid and can change by the hour, minutes, even seconds. One trade might be a scalp another a momentum trade and another countertrend. In a sense my intraday trade entry system is based on getting a feeling for intraday movement and trying to find profitable trading setups. My static system is 95% post trade. 1)Keep losers small!--- This is done primarily two ways. One by exiting losers quickly. Second most of my losers are smaller quantity that my winning trades. 2)At the end of the day I should be profitable everyday. This is accomplished by trading actively. With extra activity I can rely on law of averages to be in my favor by the end of the day. 3)Trade a contract that has intraday volatility which will allow for rule #2 to be accomplished. Currently ER2 is the contract of choice. 4)Press winning trades. I try to add to winning trades. The objective is to have a large difference between the average winner and average loser by the end of the day.