Best and worst influences on my P&L over the last 10 years

Discussion in 'Professional Trading' started by Ghost of Cutten, Aug 19, 2009.

  1. trd

    trd

    "
    Here's the jist of Gallacher's discussion:
    * Fundamentals rule the day - technical analysis by itself is worthless.
    * That being said, you need some technical entry and exit system to support your trading system.
    * All technical only systems are pure crap - Fibonacci, Gann, etc are great only when applied to historical data.
    * Risk management is very important so that you don't go bust - he lists suggested position sizes for various situations.
    * Your entry/exit system does not matter, as long as it's consistent. Gallacher employs a 10-day breakout entry and exit in his text.
    "
     
    #41     Aug 21, 2009

  2. Thank you. So he is hybrid, not all trend trading, not all fundamentals.
     
    #42     Aug 21, 2009