Edited for accuracy. MM won't turn a negative into a positive. You still have to figure out when to enter and when to exit your trades so that you win more than you lose. Then you can apply MM to maximize that gain.
If you're arguing for discretionary trading, I'd argue that this forum (Strategy Design) is hardly the place to do it.
buying when I feel like it and selling when I feel like it is a strategy if you want to argue whether or not my feelings were designed, take it to the religion forum
The bright line between discretionary trading (trading by intuition) and system trading (trading by design) was drawn long before you came on the scene, so you don't get to arbitrarily redefine them. If you can't input your feelings into a computer or write them out on paper for a novice trader to follow by rote and thereby profit from, it ain't trading by design, period.
Discretionary trading can be intuition or rule base. Simply, if its not a mechanical or automated trading system...it's discretionary trading. Further, intuition trading implies you're not following your trading plan or intentionally took a trade without a trading plan for whatever reason. System trading (something that has been coded) is usually associated with mechanical systems or automation trading.
Mechanical trading system and trading in a mechanical way are two different things. Simply, I understand the play of words between being mechanical or repetitive or robotic.
well, I probably couldn't train a novice how to trade my system, but I'm pretty sure I could train a monkey to do it. Maybe someday when technology improves I could even teach a computer how to do it.
Sound wisdom, and a topic only occasionally discussed here amid the plethora of entry, exit, top and bottom predictions.
yeah, just don't think that stops will solve all your problems. Stops will solve your bad decisions, but they won't overcome the commissions and the spread. For that you need something else. I personally don't use stops as they are usually defined, but you get the idea, you need some kind of loss prevention program. But that's about like saying we are going a start a new business and the secret to our success is a viable loss prevention system. So folks, invest your money in us. If we don't lose then we must win. We have no idea, we have no opinion, all we have is a determination not to lose. Wouldn't it be wonderful if it was just that simple.