Excellent point. I believe the edge is not in the system, but trade and capital management. No margin used and as B1 likes to say all the time, but few get it - allow an oscillation run its course.
Agree, the edge is in the trade management. The money in the market is in the surprise moves, the moves nobody can predict. So all you can do is be in the market and manage the surprise moves optimally. And the non surprise moves hopefully end up a wash overall. I just wonder how it works during a period where there are few surprise moves (trends). In a range bound market.
As the saying goes, you gotta be in it to win it. This is a basic system, which is partially discretionary, I admit to it. Sometimes you look at a pattern evolving and you develop a feeling, computers obviously can't do that. So what does that mean? That means that sometimes I would make an error of judgement and it would result in a loss, but sometimes those errors lead to a surprise gain. The key is to not get married to a position, but to find a way to go where price goes. Easier said than done that one as we all know.
+16.5 +0 +2.75 +5.25 -2.75 -3 -1.75 -3.5 -4.5 +9.75 -3 +37.75 +11 +2.5 -1.75 -4.25 -4.25 -5.75 +5.5 -10 +2.75 +4.25 -4 +17.75 -1 -6.25 -6.5 -3.25 -3.25 -6.25 -5.25 -0.25 +9 +12.75 +28.25 -4 -1.75 -3.5 -5.5 -3.75 -0.25 +7.50 +0.50 -5 +0 -1.75 +8 -3 +8.25 Total: +81 (18w,29l,2b/e)