To Live is the rarest thing in the world , Most people exist , that is all
Greenspan comments on Bank Regulation 1 reply
Greenspan wrong?! 5 replies
greenspan still has excellent timing 89 replies
Alan Greenspan on Currency Speculation 4 replies
need help with Greenspan testimony 0 replies
Dislikedhey i know people reading this thread must find my statements pretty annoying by nowIgnored
Dislikedno? with all due respect, how could it not be? if a system has no element of consistency then why the hell should it be traded? the fact is there has to be some sort of consistency. like you said the turtles' system was profitable 3 of 12 months - that is an example of consistency. a system that doesn't have any measurable profitable consistency is definitely not a tradeable system. it is a random pattern generator.Ignored
DislikedI would say amusing more than annoying, you're trying to convince people who produce consistent gains that.....they can't produce consistent gains
Either you enjoy exercises in futility or there's some complex psychology going on here. What's your story? Tried and failed? Never tried? Want to try but scared to fail? Come on spill the beans, there's got to be more to this........Ignored
DislikedI am putting consistency in the context of people's experiences and expectations. I was suggesting that profitability is about the % gains of your trading account and less about consistency. Of course most people need consistent wins to be able live off. For most this consistency has to be on a regular basis, from daily to weekly. For others who are fortunate enough to have larger accounts are able to rely less on consistency on this smaller time scale.
Those that rely on consistent wins on a smaller time scale are much more prone to psychological...Ignored
DislikedI think the problem with your argument is that you use the word 'consistency' to refer to wins. If you consider the consistent losses, then to be profitable overall you will understand that one has to use Money Management, that allows for the probability that X amount of consecutive losses can happen at any time, in a period of day/week/year etc.
The above is the reason why trading sensible amounts of money per trade to see you through the potential period of losses, will not make any person using the system a billionaire any time soon. Succesful...Ignored
Dislikedwell this thread is about asking the question 'does a consistently profitable system exist?' and i defined what i consider profitable consistency. you're talking about drawdown now. well i don't know why anyone would accept losing 20%-50% or more of their money at any given time. even 15% is too much. you'll have to excuse me for not including that as a defining characteristic of this 'holy grail'. to be honest i just assumed the accepted 10% rule.Ignored
Dislikedwell this thread is about asking the question 'does a consistently profitable system exist?'Ignored
DislikedI'm sure you would, but do you seriously believe a sarcastic and cynical approach with unrealistic expectations is going to get you there?
Ignored
Disliked4 years in the business and you're asking that question? What have you been doing for those four years, writing EA's?
Maybe it's time to rethink your vocation, trading isn't for everyoneIgnored
Dislikedi've tested system after system. sound familiar? if not then please tell me what system you're using to consistent effect....Ignored
DislikedJust checked out your threads. So you pulled the plug on Forex last year and you mentioned you were successful in the e-mini. I am interested to know why you switched to forex and whether you are still trading the e-mini and how its going?Ignored
DislikedAgain, I never said you could not make a lot of money in forex, only that you cannot predict short term price movements often enough to overcome negative expectancy.Ignored
DislikedSystem, system, system.......forget systems for now, 95% of people spend all their energy and focus looking for a system to predict price direction and they totally don't see the 18-wheeler coming, they're looking in the wrong direction, the outcome is inevitable they get flattened! Just look how many people jam into the trading systems threads on this site, filled to the rafters with hopefuls but I guarantee you less than one in a hundred will make any money long term. Where's the trading, psychology, management sections or threads? Nowhere, they're...Ignored
QuoteDislikedI also highly suggest for any newbie to start and demo trade, developing a system, psychology, methodology, money management, and trade management.
A system consists of
1) Psychology/Mental Aspect
2) Money Management
3) Trade Management
4) Planning
5) System
That is my hierarchy of trading importance. The system which is last in the list, is of least importance. The concepts 1-4 are of most importance and are the keys to long term success.
DislikedThat's quite alright, you don't need to and neither do you have the authority tell me or us what is possible. You can only state what you have found to be possible for you. I find it slightly irritating that you feel it necessary to extrapolate those experiences to everyone else as gospel yet people have repeatedly attempted to communicate their experiences which contradict your 'findings'. Both you and 137 have tried your hand at forex for a long time now, and yet apparently you haven't found anything that could provide an edge. The writing is...Ignored