The only way to bag a profit is to play a trend. So, you are saying that all traders in the long run are bound to lose. Why then waste your time on this forum?
It's all fairly simple: 1. Spot trend 2. Try to pick top or bottom 3. No stop 4. Average in when wrong 5. Ride trend until you blow account up
yes, of course after entry, when directionally trading, the trade has to go your direction to profit. the issue is the relevance of the past trend--even ed seykota agrees--- trends only exist in the past and knowing the past trend has nothing to do with success--although for the non statistically but visually inclined it sure seems that way. herein lays the ultimate delusion of the market.... surf
sounds like a good way to get chopped to bits. there are 2 ways to trade--- trade to win or trade to survive. your method is trade to survive--- wont ever get anywhere in the long term. surf
Perfect--if people only knew how BIG the whipsaws really are--- big enough for the guy to write a song about it.... surf
surf, why don't you explain a little more about how you trade? Do you just trade looking for countertrends?
its a combination of factors of which TA does play a small role. entry can be in same direction depending on other factors, or against the prevailing movement. i don't want to discuss the details. thanks, surf
Wow. Really? Perhaps you could explain your math to me. Taking the BEST numbers in your post, using 1,000 contracts for a 3-tick profit per day trading the ES, only gets me a 5-figure $37,500 profit before commissions. How did you arrive at the 6 figures? Is there perhaps some kind of "synergy" thing going on that I need to know about? Please advise.
Ok, that sounds good. Inter-market analysis, correlation trading, etc...As you know there a many ways to make money in the market.