lol, YOU are the one who should keep priorities straight, this was about trend following before you came here with your Jack Hersey shit to hijack the whole thing. "I work for a prop firm because I cannot do it by myself?" This is such a contradiction. First, I dont work for a "prop" firm. I work/worked inside an ibank, which is very different from "prop firms"/arcades. Secondly, without rigorous testing, risk management, and generating sufficient p&l you get your ass fired faster than you can even think. So, its funny you accuse someone who has passed at least those marks (and it was backed up and verified by others) while you are being here anonymously on the net with your fractal bull shit and what have you, things that are so messed up and utter nonsense, nobody has a zero clue what your guru Jack Hersey is saying. You know, I do not have respect for people who cannot explain difficult concepts in easy terms. And you know what? I am way self-confident enough to openly admit I never understood for one single time what Jack Hersey is even trying to say. But I admit I also never made it past the 3rd sentence of his posts. It stinks from the first words and I think I am not the only one in here. I recommend you back off with your accusations. I think most of my posts have been very clear, some of them being rants, others to help newbies and especially most to protect beginners from snake oil salesmen like yours.
The interesting part Jack is that you and I are diametrically opposed when it comes to the way we trade but we can still talk civilly to each other. We each have an understanding about each others trading environment even though we would NEVER trade each others method. It just wouldn't be kosher . . . probably closer to being totally alien. I'm an avid believer that there are many many ways to profit from these markets. Many different edges produce profit for many different types of traders. Just like saying that one trader's trend could be another traders pullback. We need to each find something that we are comfortable with and that produces consistent profits and then simply run with it. Get damn good at it regardless of where it comes from. I used to teach classes but no longer do so. Now I simple trade full time. There never was any money in teaching as any real trader and a bit of common sense could tell you. There is far more money in trading than teaching. The teaching was simply a way to help progress my method by infusing it with different points of view to debug the basic process. The foundation of what I do has never charged but it sure has progressed as technology has advanced. I can do more today simply by using a beast of a computer like a hex core running 16GB of ram than I ever could with a P3. I give my stuff away for free now. Why . . . because I f_cking can. Validate it and use it in good health or throw it away and go find something else. WOOOHOO, whatever trips your trigger but don't call my stuff snake oil. Those that are the first to rag on both of us have never tested either one. Too lazy or too ignorant it don't much matter, right? I talked to more than a few PROFITABLE traders that trade your stuff in Vegas at the Expo and was impressed with their understanding of your environment. I could not do it because it makes my head hurt but by God, more power to them. It truly pisses some people off that they can't trade or comprehend a particular method. Well guess what, I can't trade yours or understand some of what you do and it doesn't piss me off in the least. Peace to you and hopefully I can buy you a drink someday before we both smell roots.
I am interested in building such a "rotational" trend following system too... Anybody has any suggestions? I can do some backtest and post results here...
Interesting... are you saying that you tested some systems created with parameter fixed in the 1990s and then apply these systems out-sample to recent data and they are still successful?
You said you are not that diversified... Then how did you select your small pool of focused securities?
What I do is "Trend Following" it just doesn't fall into your cookie cutter version of what you THINK it should be. Well, hears a rude awakening, their are other schools of thought out here other than yours and your parents should have taught you to respect that which you have no understanding of until you VALIDATE IT. Congratulations is due for you excelling in the world of mindless economics. I am not being rude with that statement either. Most can't accomplish that. Well done. I simply chose the road NEVER traveled. I grabbed a machette and found a different path but that doesn't mean it was any less of an accomplishment than what you achieved. I chose to NOT accept the standard deviation and chose to solve a problem you didn't even know existed. To clarify a few points for you as well and to correct a few of your misconceptions. 1. I am not anonomous. My full name is in these threads and many have contacted me directly and I have given them my information freely. 2. What I do have absolutely nothing to do with fractals. 3. Jack is not MY guru. As stated previously. Jack's stuff makes my head hurt but that isn't saying that some do truly understand it and profit from it. 4. I have explained what I do in easy terms and they are laid out in these threads. I hid nothing. Easy enough that there are a number of 10, 11 and 12 year olds that completely understand my basic concepts. Basic because it is founded on the principles of simply physics and logic. I can't help it YOU can't comprehend it. Maybe you ought to go out and buy a elementary physics book and read it. As you can see, every assuption you make of me is wrong. Nuff said.
you teaching tells all. But sounded convincing that you went back to full time "trading" -> translation: Nobody bought my snake oil BS anymore. Yes, enough said!!!