I have to cordially disagree with you on this. Systems, entries etc is what quantifies and allows for a methodology to be implemented. Feeling and reacting are emotional traits, which tend to be counterproductive in trading successfully.
But the issue is even with a good system most of us trading live will actually time and time again trade against our system and lose. You need both, is the mental part which takes so long to master, profitable for a year but it's still a constant struggle.
.28%? That sounds high to me But Im glad to be in such a lofty , select circle, along with Jack Hershey and the other lifetime winners, most of whom are et members. just askem
Seems true to me. Actually think China has less rules. You would not believe the amount of paperwork I had to sign to hire a snowboard in the US. So many tick boxes saying things like you acknowledge than snow is slippy etc. Regarding trading, the US rules and capital gains taxes are one thing that really puts me off going there. The headline taxes in Europe are higher but many countries have special accounts in which you can trade either tax free or very low tax.
I do not trades strangles, I use strategies that suit me, but I know how to make a lot of stuff work-that's the appeal of options,you have a mountain of choices with each underlying,though I have given up with equity options-they can't foul up an index too often-except at expiry,and you can avoid that.
speaking of chat rooms on the net., i find the only way to compete with the profound idiocy on display, is to post deliberately inane stock calls, predictions. works good. fite fyre with fyre
Good point. Right now I'm feeling kind of confident, maybe because I recently finish developing my swing trading program. If this does not work, I really don't know what I will do. For this month, last time I checked I was down over 3% with one week left in the month. Amazingly, I am still high on confidence, because on my back testing, it showed I would have periods of draw downs.