Mr Super Trader
Registered: Feb 2012
05-09-12 03:46 AM
Quote from bwolinsky:
I don't get why such simplicity isn't looked on with derision. Such trading approaches are rarely if ever profitable.
The tact is a baseless approach, and only by trading quantitatively will you ever be able to find success in the markets.
As with a normal job, too, if your measure of success isn't in dollars, there are plenty of losses to clue you in to your unprofitable methods.
I think the applause is unwarranted, as with any "trader" who has no backtests.
Such simplicity will not make money long term. If the first 50% drawdown doesn't stop you, the next 50% draw soon after probably will.
Yeah i was just joking. I believe there was some sort of sarcasm in Steve's reply as was mine originally. Just messing around!
At the same time I don't rule out possibilities.
Obviously by my previous post i back test my strategies. I don't use any indicators just simply looking at naked charts and finding probable trading strategies.
They say a pictures worth a thousand words. Well i believe a stock chart is worth a billion strategies.
I promise you you are so wrong about simplicity! Or maybe things are just simple after you figure them out. Either way after you figure it out it's simple.
Also my first draw down was 100%. That really got me thinking!