Hello, This is my first post on EliteTrader forums. I always wonder what makes one trader better than other. What's his secret? I've read alot and most of the time you stumble upon "money/risk management is the most important thing, blah blah blah". So basically, you should be able to make money with risk management only, right? What about entry? Is there really any "magic" entry points? Can you have "an edge" in the markets? A good entry means you have power to predict future, which also is said to be impossible. So what makes one trader better than the other? Assuming they trade the same timeframe and make the same amount of trades per given period, and they are both psychologically fit to trade. I read Van Tharp's book, there was this part called "beating the random entry". The idea is very simple. You need to assume that the entry means almost nothing and the main concern should be exits. So the idea is simple - toss a coin. You will get "indicator" of 50% of realibility (there are only two possibilities, either short or long). Add a trailing stop of, say, 3 times of ATR and you should get a "profitable" system. So I programmed a tester following these rules. And guess what. About 33% of trades were profitable. The total result was sometimes positive, sometimes negative. I tested it on 3xATR trailing stops, as well as 2xATR, 1xATR and 1.5xATR. Tested on 15 min bars and daily bars. It was almost the same - about 1/3 of the trades were profitable. Given that moving averages and channel breakouts provide similar results, I am convinced that indicators are somewhat useless. They just filter out price action. What do you think?