The underlying concept of "continuous participation" should encourage people to step back from the trees, allowing them to have a better look at the trees. This is good. Literal interpretation of "always being in the market" might encourage over-trading, which often adversely affects results. By understanding that "continuous participation" in its proper form could reduce trade turnover, this approach has merit.
Absolutely agree. One must understand "what" keeps a person in a trade over a longer period of time first and that is not an easy occurrence to determine. Traders overtrade and over analyze the markets regularly. Successful swing and position traders have learned over time what is necessary but daytraders need to learn that the same occurrences interday should be the same when played out on longer term charts. Self verification, patience and consistency after that should bear fruit.
I believe it's possible. Whether MM accomplished it another thing. MM is a past associate of Ron Hudson in California, and that is one unimpressive individual, IMHO.
I agree with what you said earlier about most traders overanalyzing the market. IT seems the simpler it is the better it works many times. Who is Ron Hudson?
I agree. Ron is just a programmer (www.ronhudson.com) who tried to get into trading by offering websites to traders. Monk was an early associate.
Do you know Monk? His website and his email replies to me have all been very impressive in terms of their understanding of trading.
That may be the case, but please dont tell me you actually believe those trading results he posted. The idea that someone could run up $8million in 23 days trading the ES is pretty much absurd.
That is interesting because someone on another thread had a way different experience it sounds like. Here is his post.
So far it sounds like not that many people have either tried this method of trading or have had success with it.