Same reason a cardiologist doesn't drill teeth. Not to mention," trading conditions" are only observable in the past.
Because some of us have figured out how to create a single system that works on all "OUR" charts and under all trading conditions.
Such bluster from the buckeye state but no evidence. Maybe if you keep saying it, some will believe you.
marketsurfer Registered: Apr 2002 Posts: 1443 07-22-11 09:49 AM -------------------------------------------------------------------------------- Quote from logic_man: Maybe he meant RTH high? You said earlier that you are only looking for "home runs". When I'm looking for "home runs" I look at the Weekly set-up, not some 15-minute job. I don't even look for "home runs", I look to catch 6-7 points out of every 15-20 point move and I don't look at anything less than on an Hourly basis. You may have a lot of experience in the money management industry, but you sound like the guy who is perpetually re-living his first year of trading year after year. That's not good. -------------------------------------------------------------------------------- What's an RTH? Says the authority on the markets and trading!!
I'm hearing the benchmark highly-volatile TF firm was +20% in July. Other TFs generally up on the month, mixed on the year -- up or down a few %.
I think its so pointless arguing about whether its better to make money with trading method x or trading method y. I have made my best returns with mean reverting trades. And its true your blowouts are large but if someone offered me the choice of making 1k 19 days of the month and have a 6k loss once a month id take that. But thats just me, some people can stay emotionally detached whilst they have 10-15 losing trades in a row, personally i couldnt sleep. Michael Covel writes some really good books and they are inspirational in terms of showing what can be achieved in the market. If youre new to trading definately read them. But personally i think the hardline "this is the only way to trade and everyone else is an idiot" type approach from any part of the trading community is such a waste of energy when you could be exploring new strategies in areas youre currently closed to.
There are some nice words in there for me--thanks. However, your logic and thinking are way off (i.e. praising LTCM indirectly). BTW, the word 'idiot' does not appear in my book The Little Book of Trading. It appears once in The Complete TurtleTrader--where I quote someone calling me an idiot. It appears twice in my book Trend Commandments: And: The word 'idiocy' appears once in Trend Following--where it is mentioned that government compounds idiocy. Most likely, somewhere on 1000s of web pages and blog entries I expect someone was called an idiot--and it probably made perfect sense.