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Eddiefl
 

Registered: Dec 2006
Posts: 542

 

12-21-10 07:05 PM

Another year wrapping up. I was wondering what you guys think was the most important lesson or observation you discovered this year.

I will go first.

Two things.

1. more emphasis on the larger time frames; lower costs, larger gains, easliy add size. A stunning observation was in Nov., using a larger time frame, i made the same net points in 6 trades as i would of in 18-20, shorter time frame trades. Why make this any harder than it needs to be,.(note i see the same results as i did in Nov, in 5 years of backtesting.)

2. Stick to key several systems. A funny thing i also noticed, is many systems/methodolgies work. The "secret" is to trade it from 1/1/2010 to 12/30/2010, unless stats or results change.


In summary, stick to what works and the larger the time frame the more it works. at least for me.


Your thoughts and your findings


EF

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Picaso
 

Registered: Jan 2008
Posts: 3778

 

12-21-10 07:25 PM

Don't fight the FED - no matter what you think it's going up

Edit: nice timing, Pupu

the latest rally.jpg
This has been downloaded 317 time(s).

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pupu
 

Registered: Dec 2008
Posts: 497

 

12-21-10 07:26 PM

Most important lesson, two years running:



DON"T FIGHT THE FED



Picaso beat me to it by 1 min. must have direct access...

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Eddiefl
 

Registered: Dec 2006
Posts: 542

 

12-21-10 07:30 PM


Quote from Picaso:

Don't fight the FED - no matter what you think it's going up

Edit: nice timing, Pupu




Picaso are the sheep led off the cliff at the end like the FEd will do to us eventually.

thanks,

EF

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jajuanm2
 

Registered: Dec 2005
Posts: 119

 

12-21-10 07:37 PM

Have patience to wait for trades in direction of daily or weekly trend. The guys trading from daily and weekly time frame have the money to move the markets.

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shortie
 

Registered: Apr 2006
Posts: 6711

 

12-21-10 07:38 PM


Quote from Eddiefl:

Picaso are the sheep led off the cliff at the end like the FEd will do to us eventually.

thanks,

EF



Hold your horses!!!

Why do you reveal the most important lesson for 2011?

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