hi,
this is how i define consistent : having the same expected outcome over a longer period of time. within that period, fluctuations can occur but in the long term the result is the same. You ask if I know anyone who is/pretend to be as a consistent winning daytrader, my answer is no. But i do believe they exists, otherwise why have retail trading as an industry in the first place. I honestly do believe there are people out there that make a living out of (day)trading.
About the rules:
If you could quantify and implement such a strategy, they you would be able to eliminate intuition/emotion all together. Such strategy doesnt exist because it contradicts itself. Let winners ride is not something you can quantify, same as when to follow or break a rule. Then you get into intuition vs emotion. The question becomes then: are succesfull traders been born or are they formed. I believe it is the latter one. (ofcourse there should be some fundamental natural skills aswell)
kind regards
this is how i define consistent : having the same expected outcome over a longer period of time. within that period, fluctuations can occur but in the long term the result is the same. You ask if I know anyone who is/pretend to be as a consistent winning daytrader, my answer is no. But i do believe they exists, otherwise why have retail trading as an industry in the first place. I honestly do believe there are people out there that make a living out of (day)trading.
About the rules:
If you could quantify and implement such a strategy, they you would be able to eliminate intuition/emotion all together. Such strategy doesnt exist because it contradicts itself. Let winners ride is not something you can quantify, same as when to follow or break a rule. Then you get into intuition vs emotion. The question becomes then: are succesfull traders been born or are they formed. I believe it is the latter one. (ofcourse there should be some fundamental natural skills aswell)
kind regards
if my cat was a cow....