I would be interested if someone knows for sure to post it. I would ask my daughter, she would know for sure, but she's on vacation.
Hank, Just checking once again...where's the website with your real-time track record? Thanks. -------------------------------------------------------------------------------- Quote from hank rollins: my publically posted record, since 2000, speaks for itself. your one day challenge means nothing in realworld trading.
jsp, Your question is certainly not unreasonable but goes squarely against the etiquette and traditions of our cherished ET. Be good, nononsense
I see.. I guess it could be considered free advertising? Maybe he'll PM me with the info. I'm not interested in being a subscriber/customer of his, I was just curious. But when you turn down a challenge and say your track record speaks for itself...knowing you can't provide your track record b/c of the board's etiquette...hmmm, I guess it just doesn't impress me. But maybe he's some famous trader/money manager (hiding under the alias of a singer??) and I'm the only one here who doesn't know his real identity... I'd still like to see him take on ProfLogic's challenge, though.
With-the-trend techniques are by far more difficult psychologically to follow compare to counter trend ones. The simple reason is: you have to be enormously discipline to take, let's say, 15 small loses on a row to capture one good trade that would pay for all of your efforts. It is very easy to nibble 1 - 2 ticks trading counter trend following any kind of oscillator rather then keep on taking it in the chin. Although with-the-trend trading is by far more difficult it is, also, by far more rewarding due to the "fat tails" that seem to pop up everywhere these days.
a member points to the fat tails that crop up all over these days. "'ER ,-------- Have you tested that ". There has not been a decline or rise of more than 2% in the s and p in last 2 years. The implied volatility stands steady as a stone wall at 11% . And the main exponent and player of fat tails has taken a " sabbatical from trading " amid presumably drastic losses since he stopped reporting results after a swoonful period at the very market bottom. Are you sure that the evidence, both practical and empirical of the past 2 years is not consistent with narrow tails? Recall that a normal distribution with a mean of 0 and standard deviation of 1%, ( about the empirical stand dev of most markets including equity futures, ), 5% of the observations will exceed + or - 2% and and 1 % of the observations, or 5 every two years will exceed 2.5 %. Perhaps this is the calm before the storm. ? profturf
With-the-trend techniques are by far more difficult because you need to have a system. Nibble 1-2 ticks has more to do with gambling, it has nothing at all to do with trading. Trendfollowers need a vision. The difficulty grows exponentially with the lenght of time that your in a trade. If you stay in for 1 hour you need to know what the direction is. I have daytrades that last sometimes 3-4 hours or even longer before i get out. I wonder what a scalper would do if he had to stay in 3-4 hours. His account would probably be wiped out in a few days. I think one becomes a scalper because he's not able to make big rides on the trend. A trendfollower doesn't have to take 15 small loses for every good trade.