JUST LOOK UP IN THE SKY look for the 'man of steel' www.youtube.com/watch?v=s1C8d2qZrbA&feature=related
You can try to reverse all the systems in the world but you will never reverse volatility, which is the true cause of failure of all under capitalized traders in the world. Ron
-You can try to reverse all the systems in the world but you will never reverse volatility, which is the true cause of failure of all under capitalized traders in the world.- * BRILLANT * they blow up all the time versus the big kahuna http://i239.photobucket.com/albums/ff83/servesyr/pamela-anderson-bikini/26zhoar5.jpg
Trading is a MINUS sum game thus, whether one is a day, swing, trend trader etc., overwhelming majority will lose. Anyone reading, who did not know this FACT get out while you can / have your shirt.
One could buy a crappy 100% mechanical system and short it I guess as long as its targets and stops were >>> commissions and typical slippage (that way their effects get minimized), but as mentioned you better be well capitalized for such a thing.
To be long term successful trader you must be a contrarian. Don't do as the talking heads professional advises but do as they do. Either buy low and sell high or sell high and buy low. Buy and sell like the market makers/specialists.
develop an order entry system with only market buy and market sell. market sell is actually "market buy" and market buy is "market sell" Hire anyone with no trading experience and let him trade as he likes. tell him it is ok to lose money You can monitor his P&L and see what happens.