that's about 30% of the 100% successful-trader equation. The other 70% is how large are the loss $$ to profit $$? anyone can make a net-losing strategy with +80% or even 90+% win rate... but still lose money overall the higher a win % rate any approach has, the less overall money overall it can possibly make. That is a universal law of large numbers which cannot be refuted or changed.
You have clocked in the screen time : more than 10,000hrs ? If not, then keep clocking. I now understand one mentor who used to say "if you have not done your 10 000hrs of screen-time, do not bother me". Now, if you have effectively clocked in the 10,000hrs : what else can you look at? As you have yourself pointed out the same pattern you have been repeating :
Trust me... There arent that many people on here that's actually making serious bank.. Even the so call gurus on here aren't making serious bank. You can just tell by how smart they try to sound.. But yea I agree with you.. Strategies that are making serious money are not shared and shouldn't be shared.. You really think Bill gates will share his top making money strategy with you.. Really?
If you have a true concept that works, it works on any timeframe or chart setting. For example, you can apply a so-called strat for the ES on a 1min chart, a 10,000 volume chart, a 5,000 volume chart, a 620-tick chart and the long-short entry signals will vary. Why? Because you take the exact-same strategy and ask it to measure different "waves" of price movement in the same given symbol. Secondly, any strat that works will issue numerous signals more days than not. Absolutely never in the history of mankind will a large group of individuals trade all of them, trade any of them at the exact tick, manage all trades similar to stops and exits. Has never happened, does not happen, will never happen due to basic human nature. An undying misconception in this profession is that a working strat is some limited-use treasure map. Maybe if you include some limited time, outlier type approach for some specific stock and the way it behaves, etc. But for trading indexes or futures or FX or large liquid stocks? Any working "strat" does nothing more than contribute liquidity in reality.
Just looking at a screen for 10. 000 hours is pretty useless. You have to know and be aware of what you're looking at. I spent probably thousands of hours studying the WRONG things. Get it? You need a framework to understand and analyze price action. Anyway, I was not asking for advice in this thread, I merely answered questions that were asked from me since I have no problems being upfront and honest.
Let's say I just pointed some patterns you seem to have mentioned yourself. I am obviously assuming you have done your 10 000hrs again.
You keep repeating yourself. So, don't you think that people who are trying to lead on others should be exposed? Or should we just let everyone to himself since after all, 'they're responsible for their own actions'? Why not be honest here for a minute. How much money did you earn from your trading operations and your trading plan in 2013? If your answer is, "How will that help you make money?", then please don't waste your time answering. I rest my case.
Absolutely. Well aware of them myself and thank you for noticing. In fact, I earned a small fortune swing trading. The honest truth is that I'm not sure if it was just luck or if there was any actual skill involved. I did have a trading plan though, but there was a lot of discretion involved. I did post about it here. Some hated on it, but some thought there could be something there. The difference from what I was doing then was that I was trading while maintaining a full-time job. Orders were entered EOD. No management during the day. I was in a position where I could even add to my account from my wage and I had a pretty amazing (to me) return. When I return to trading, I wil make sure to put myself in that same position.
Cherry-picking quickly turns a winning strategy into a losing one. Ask yourself why you didn't trade a call for a $10 drop in oil ($10,000/contract profit). The answer(s) will likely explain why your trading resulted in net losses.