Why do traders insist on proof of trades?
What I mean to ask is, if one posits a system, and gives entry and exit points, would it not be up to the trader to prove for themselves if a systems does or does not work?
If it works, great, you have something to add to your tool belt. If it does not work, lesson learned, move on. I do not understand this behavior especially considering the existence of demo accounts these days. Why not just test the system and make your own proofs? It costs nothing but time.
Also, I have noticed there are lot of tape fighters around here. Why do people fight the tape? What is the point in averaging down?
I participated briefly in the Sonic R thread, and they are teaching people to average down over there. Nanningbob also has a "recovery system". They both get a lot of traction. I am respectful of what they are doing, and I understand it actually, so maybe I just need to get over the aversion to fighting the tape. I need some input. In my trading career, I was taught that if price is rising, buy. If price is falling, sell. How hard is that? Maybe I am missing something?
Thoughts?
What I mean to ask is, if one posits a system, and gives entry and exit points, would it not be up to the trader to prove for themselves if a systems does or does not work?
If it works, great, you have something to add to your tool belt. If it does not work, lesson learned, move on. I do not understand this behavior especially considering the existence of demo accounts these days. Why not just test the system and make your own proofs? It costs nothing but time.
Also, I have noticed there are lot of tape fighters around here. Why do people fight the tape? What is the point in averaging down?
I participated briefly in the Sonic R thread, and they are teaching people to average down over there. Nanningbob also has a "recovery system". They both get a lot of traction. I am respectful of what they are doing, and I understand it actually, so maybe I just need to get over the aversion to fighting the tape. I need some input. In my trading career, I was taught that if price is rising, buy. If price is falling, sell. How hard is that? Maybe I am missing something?
Thoughts?
If you are good at something, never do it for free--Joker