I can have respect for people without having respect for their opinion, I also didn't say i don't respect every ones opinion , ( just some, I seem to have become embroiled in what I consider to me a slightly ridiculous point of view, in particular DTB2, I don't dislike him , but his point of view is a million miles from mine , and I disagree with a lack of emphasis on entry point as well( I know I'm making lots of friends right now),but I know some will agree with me , experience makes me wait longer and longer for exactly that , good entry , a place where you get to decide maybe a dozen variables and or extreme behavior etc which you will never find on exit because you don't have the time to wait the 10 000 bars or whatever it was that gave you great entry.
As regards long streaks in random , yes there are long streaks , but this statement says it all about you. Please just tell me what the word random means ?
Just so we understand each other Henry, since you are taking "good" entries only, the other side to the trade must be taking the bad exit. Is that what you are saying? You do realize that I don't need to "know" which way a trade will go and still make money over large samples of trades. Your quest for and the presumed achievement of superior market knowledge/timing may be of comfort to you but is definitely not required to be a profitable trader. Good luck to you.
You're wrong on that. Utilization of correct risk management is all that the retail trader has. It is all there is.