Is it possible to be a lazy , set and forget trader?

Discussion in 'Trading' started by vortextrader, Sep 28, 2019.

  1. traider

    traider

    How do you know that the system is not overfitted?
     
    #21     Sep 28, 2019
  2. Overnight

    Overnight

    Sure man, it is quite easy to do what you ask. Be a buy and hold. But that is not trading, that is investing.

    Call it what you will.

     
    #22     Sep 28, 2019
    volpri likes this.
  3. DevBru

    DevBru

    I never know for sure untill i have extended period of live results.

    However i think it is not since i did not readjust multiple times based on backtests. I developed this system which is momentum based from what i have learned during day trading and only made 1 minor change in the beginning. It has been running successfully for almost 3 years now and random backtests (picking random months and random years), also showed similar results.
     
    #23     Sep 28, 2019
    p0box4 likes this.
  4. themickey

    themickey

    Same-o doesn't need bus ticket, I'll have it.
    Airbus, ex Perth, WA, thx.
    113518-esfrkudslf-1550669578.jpg
     
    #24     Sep 28, 2019
  5. wrbtrader

    wrbtrader

    You do realize you can test this without needing to ask a forum if it will work. :D

    Also, what to you mean by "not allowed" ? Its as if you're saying you're going to be banned, arrested or fined.

    It's impossible to forget because you know you made the trade and you know you placed a stop. You'll always have that trade in back of your mind. In fact, anytime you turn on your computer or look on your mobile device...you'll pull up a quote or chart to check to see how that trade is doing.

    Once again, impossible to forget. Also, someone else made a comment that its called "investing"...it is not because you're using 1 - 2 hour charts, you're using stop/loss and you have not described any investment reasons for entering the trade.

    Investors get monthly, quarterly, yearly reports about dividends, earnings reports, shareholder meetings and such.

    Regardless, even your broker will send you emails with your broker statements...price quotes and such. Simply, you will not be able to forget about the Open trade position no matter if you're day trading, swing trading or position trading.

    wrbtrader
     
    #25     Sep 28, 2019
    BlueWaterSailor likes this.
  6. maxinger

    maxinger

    It is possible.

    But then question is do you want to earn or lose money?
     
    #26     Sep 29, 2019
  7. #27     Sep 29, 2019
  8. zdreg

    zdreg

    I' m only in for a bus ticket. If you can get to Manhattan entirely by bus from down under I will pick up the tab.:D
     
    #28     Sep 29, 2019
  9. I had not seen that movie. I do believe that I now need to. :)
     
    #29     Sep 29, 2019
    remogul92 likes this.
  10. ironchef

    ironchef

    Buy and hold if you want set and forget.
     
    #30     Sep 29, 2019