This guy is a real bore, and always "going for the gold" each time the market drops by 10%. I did not learn much from his book quite frankly.
The long-term trader too, you did not notice? He captures 40% of the yearly range every year.
Ok, fair enough, let's try with a more "reasonable" number: your not so perfect system captures "only" 40% of the yearly range and "only" 40% of...
I mean his perfect system captures the whole yearly range (2000 pips) in two trades (entry-exit), each year, regardless of high/low location,...
Absolutely, winning trades teach us almost nothing.
Imagine that you have the perfect trading system. With this system you ALWAYS buy at the EXACT low and sell at the EXACT high (and vice versa for...
To get back to OP's topic, he could also ask this question as well: "If you are a swing or a position trader with a persistent edge, are you a...
They are too busy making money each day, that's why they usually don't bother with contests.
What time frame are you using? With daily or weekly time frames you can spend weeks or months waiting for a trading signal, so how can you...
And that's exactly the case. Of course, otherwise the backtests have no meaning. You can automate the buy/sell signals and let the computer...
Yes I know Mark Minervini and his track record. However, beating other traders at some trading contest is not a proof that swing or long-term...
Via a backtest of course. Long-tern traders have to prove that they can make more money than a day-trader, using the same trading system and the...
Of course. However, give the same LOSING trading system and the same capital to a day-trader, a swing trader and a position trader and the day...
Exactly. In fact when we trade leveraged financial instruments we are basically using our broker's money to get rich. Same thing if you put $20K...
Poor and middle-class people work for their money. Rich people, on the other hand, do the exact opposite, they make their money work for them,...
True, but stock indexes that crash and never recover (like the Nikkei) are rare. Plus the pros always wait for some sort of bounce to buy, like a...
"Buy when there's blood in the streets" (Baron Rothschild, 18th century).
To gain exposure to the Brazilian market you can also trade ETFs, like these for example: https://www.investopedia.com/investing/brazil-etfs/
The VWAP should be be used with "Up Down" volume charts, usually green and red bars at the bottom of the chart (15-min time frame for daytrades)....
You are welcome my friend. A wealthy friend of mine from Paris (France) is currently using this VWAP indicator with great success. Needless to...
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