There's a difference between risk when assuming a trade and risk during trade. If you don't separate the two, you end up trading your pnl, which is abandoning trading rules, backtesting and sanity!
Are you certain nobody's attained success using indicators in ways which haven't been published and you haven't thought of?
Yes, but perhaps I missed something as I didn't experience a revelation or maybe I was already aware of the gist of it.
Like all books..one has to try and understand the writer..after all..you are only getting someone else's opinion! We all know the gist of it..but most still get sucked in..no matter what they read! Some years ago..when interest rates were high..a very popular investment was the "with profits" bond..which had..and was.. doubling the amount invested for a 10 year period. After that..came the lower returns..but as markets had seen a major downturn..a new bond..with your capital sum guaranteed..was introduced.. which also gave you potential for some gains if stock markets went up. You know in detail how this new bond was achieved. So what.. you may say! It is all relative..I will say When you find something of real value..you will only recognize it if it concerns you.. otherwise it really means nothing to the reader! The book..there is one thing that definitely stands out..by a mile..and..to the right person..it is the key to making money..but as always..one has to be..in the right place..at the right time
No..but if anyone wants to prove me wrong..then they are very welcome to do so Paper never refuses ink..or nowadays..the internet has been taken over by Walter Mitty's..most of whom are in the 20 to 45 age bracket
Risk management is..of course..not the same as market risks! To ignore market risks..well..is foolish..and to think..that just because you have an approach..that puts you in the right place..at the right time..you are somehow going to avoid some market risks..well..is really bordering on stupidity!