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Old Apr 28th, 2012, 02:28 PM   #13
deaddog
 
 
Join Date: Apr 2007
Posts: 927
Quote:
Quote from danielc1:



I'm wondering who share this believe on this site. Then I can put everybody else on 'ignore'

I have to say I agree with you.

Everytime I hear this or that doesn’t work I always ask why? I rarely get an answer.

For every methodology you have mentioned I can show you examples of where it didn’t work. But that’s only one trade, Over a number of trades with the proper money management most will be profitable or at least not blow out your account.

Most fail because they don’t have the patience or discipline to follow a system.
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Old Apr 28th, 2012, 02:50 PM   #14
dom993
 
 
Join Date: Jul 2008
Location: Ottawa, Canada
Posts: 890
IMHO, there are really to separate categories of trading / traders: intraday & swing/position.

- Intraday trading is the most difficult to get consistently profitable at, and there ain't that many books or disclosed methods/systems that offer cookie-cutter replicable profitability (none to my limited knowledge, I'll be glad to learn different).

- Swing/position trading stocks is a little easier because of the long-term bullish bias of the stock market. But then one should measure his trading performance vs the market performance (so-called Alpha), and all of a sudden it is way more difficult to do better than the market on a long-term basis. Still, there are a number of books that can help achieve that (at least, that's my belief).
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Old Apr 28th, 2012, 03:04 PM   #15
RangeTrader
 
 
Join Date: Mar 2012
Posts: 705
The reality is most people cannot see something which is right in front of their eyes because they have the wrong mindset.

Like me... For the first year I was trading I thought technicals were BS and it was all an instinct game. Now I use mostly technicals and less and less instinct...

I developed my own technical system in a way that I could see the signals and moves with my own eyes and cross compare them to price to verify that everything is correct.

It's less of a "exact technical rule based system", and more of an "advanced tape reading system."
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Old Apr 28th, 2012, 03:25 PM   #16
Traveler
 
 
Join Date: Apr 2003
Posts: 776
When people here say that "nothing works," what they mean is that either they lost, or were unable to find something with a Sharpe ratio of 10 so that they could leverage up a piker's stake into a living.
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Old Apr 28th, 2012, 03:48 PM   #17
Zr1Trader
 
 
Join Date: Dec 2010
Location: MN
Posts: 1,866
Everyone knows how to lose weight. There are many different "methods" that can accomplish the task. How many can do it and keep it off for the rest of their life without "blowing up". Requires hard work, discipline, and persistence.

I think trading is similar.
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Old Apr 28th, 2012, 03:49 PM   #18
bwolinsky
 
 
Join Date: Jul 2008
Location: KCMO, Kansas and Kentucky
Posts: 4,935
Quote:
Quote from danielc1:

Darvas, Gann, Krauz, Kase, Curtis, Cooper, Tharp, Douglas, Elder and so on, have shared some ideas that work.
I don't know where the deal with everything works comes from.

Have you backtested these methods? Some of them don't even have strategies. They are figments of the author's imagination, like Tharp.
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