Our 400,000 Trade Test Proves Using Stops Is Not Very Bright

It's really not for you. So, no. And welcome to my ignore list, multi-alias.

 

In which case there is nothing to debate and thread ought to be closed or moved to the risk management section or chit-chat.

 

That's OK, I am working on my list of your guarantees.

 

I understand now, the heuristic, that is to fade marketsurfer.

 

Yes, perhaps you and surf should tell him how it's done.

 

This is a great time to pass along something i have learned.

Everyone always references PTJ and the other legends when talking trading. This is cool and makes sense to a degree. But one must keep in mind that the guys who last in this biz are always morphing and changing ideas over time. Not to mention that AUM and investor pressure can force changes in strategy and tactics for even the most steadfast manager--

What PTJ said 20 or even 2 years ago may not be what they are doing currently. This goes across the board for everyone.

Hedgies are opportunists so do not take every utterance as permanent trading gospel.

Peace surf

 

Buy low & sell high has worked for centuries.

 

PTJ blew up early in his career and has ever since reportedly played defense, focusing on risk control:

"I think that intense feeling of desperation that accompanies such a horrifically deflating experience indelibly cauterizes great risk management reflexes into a trader’s very being."

http://joefahmy.com/2015/07/13/paul-tudor-jones-on-jesse-livermore/

https://25iq.com/2015/07/25/a-dozen...paul-tudor-jones-about-investing-and-trading/

 

Great interview, thanks. Looks like his office is about to open any day now on the island

 

stop using stops and apply strategies instead...