Components of a Perfect System

Okay, I have seen a lot of new faces around here.

Let's build a perfect system. We will use concepts rather than specifics to protect the names of the innocent.

Now, a perfect system should.........
1. Let profits run
2. Cut losses short
3. Identify a trend quickly( trend=higher high, higher low and vice versa)
4. Trade with minimal losses or nominal gains through "choppy" markets
5. Keep losses linear, make profits parabolic.


Anything else?

What say ye, ET?

Best Regards
Oddi

 

your almost there. Now you need paramaters for entry and exit.

Good luck, lol.

 

1. Throw away all indicators
2. Learn how to read price movement
3. Learn how to read price movement
4. Learn how to read price movement
5. Learn how to read price movement
6. Learn how to read price movement
7. Learn how to read price movement
8. Learn how to read price movement
9. Learn how to read price movement
10. Learn how to read price movement

 

Have you learned it yourself?

 

Yes I have. Life is good.

 

OK, I'll bite. How did you learn?

 

Point and figure charts.

 

Oddi, for ET's benefit it should also let you start with $5 and be scalable without loss of profitability up to $2K.