Yes. But to get there you DO have to analyze tons and tons of data first. And we are back to square one: backtest, backtest and more bactest, OP...
Not at all, because discipline comes naturally when you KNOW (from the backtest) that your purely mechanical trading system is highly profitable....
Learning from our mistakes is the easiest part, finding a purely mechanical trading system with a powerful mathematical edge (say 25% return a...
Absolutely, there is no way around this. :thumbsup: However, finding our own profitable trading system from scratch could take decades of...
Excellent point. :thumbsup: The trader can also use percentages instead of using the absolute values. This makes comparing different trading...
What strategy? MAE and MFE analysis is simply a tool that will allow you to maximize your profits with minimal risk.
MAE is way beyond the concept of drawdown. In fact is has almost nothing to do with a regular drawdown.
The MAE and MFE are important because they take the money management concept to a whole new level. Here is an extreme example. You notice that...
It's not a question of "enough" pal, you should know that SunTrader... :D Take care. [MEDIA]
Right again. Making 20 to 40 millions a year with "management" fees alone, pffff... what a joke.
Right, it's a well-known fact that highly successful traders and high-net worth individuals just love to hang out in trading forums and troll full...
Well virtusa , if your trading system has a negative expectancy then the only winning move is NOT to play! Ring a bell? :D [MEDIA] However,...
According to the "Modern Trader" report, there are 9.8 million traders online. The idea that "millions of them" are unemployed is, at best,...
On the contrary, if you have a good day trading system your best bet is to trade more often, on multiple markets. At the end of the day, taxi...
You wrote and I quote : "There are literally millions of customers who are unemployed trading on margin with small accounts." Care to give us...
Well, beating the market means you are beating buy and hold. Our friend SaltyNuts is supposed to backtest the idea, let's wait for his results....
"Is that a fact?", as good old J.R. Ewing from the Dallas TV series would say...? :cool: [IMG]
If you put unemployed your broker may refuse to give you margin and/or short-selling privileges. In other words he will set your "leverage" to 1...
I am quoting myself because I want to add something to that comment. Technically it IS possible to change the leverage in most cases, you just...
I knew you were going to say something like that, because you just realized that answering this simple question would automatically invalidate...
Separate names with a comma.