Now anyone who knows me knows I am not one to stir the pot, especially in a friendly place like the factory, but this is an example that I can't let slip by. It seems the work moutekitrader with his mouteki trading methods has caught on like wildfire at the moment, every second post I see is about that method, so kudos to you moutekitrader, it seems you have hit a cord with the trading community here. I do not trade your system, but if it is profitable for you, then more power to you, none of the below is directed at you.
So often I read, and get asked, about why one trader seems to make money trading a particular method, yet others don't find the same results. In fact they can go as far as accusing a particular trader to be lying about their results, or they get upset thinking that the trader is holding something back from them (oh if I had a dollar). Sometimes this might be the case, but more often than not, it is not the system that is at fault, the creator of the system holding something back or anything of that sort, it is the person asking the question not trusting the system, themselves or the signals.
Look at the mouteki methods, it seems a simple method that has some merit if that is your kind of thing, moutekitrader has even written a nice little explanation document, nothing could be (or should be) simpler. Here is my method, here is a document about how to trade, it, now off you go young fella and earn your fortune (of course it is not quite that easy). Now go and look at the mouteki forum, and what do we see? post after post after post of adding this, taking this away, modifying this, why doesn't it work if I add this to that and then overlay it on this? .... amazing. The amount of modifications people are attempting amazes me, the system hasn't even been public for a month, hardly a considerable testing time.
Now I am all for making modifications to a system to suit yourself, most people do, it is only the real dedicated and talented who come up with original concepts, but there is modification to strengthen a weakness in a system, and then there is modification for the sake of modification. How can you modify a system you haven't traded (demo or live) for longer than 5 minutes. To know what needs fixing, or enhancing, you need to know what is broken. Trading a system for 2 trades, then adding stochastics here and rsi there in my humble opinion is not strengthening a weakness of a system, it is just adding lines to a chart to make it look pretty.
So if anyone asks me again why doesn't every trader trading the "same system", I am going to point them to the mouteki forum, I am sorry if this seems arrogant or presumtious, it's Friday, perhaps I am in brain meltdown
after a long week. I don't know moutekitrader from a bar of soap (actually chances are I would pick the difference), but nothing like a bit of venting before the weekend.
Happy trading! ... (and be careful of NFP tonight).
So often I read, and get asked, about why one trader seems to make money trading a particular method, yet others don't find the same results. In fact they can go as far as accusing a particular trader to be lying about their results, or they get upset thinking that the trader is holding something back from them (oh if I had a dollar). Sometimes this might be the case, but more often than not, it is not the system that is at fault, the creator of the system holding something back or anything of that sort, it is the person asking the question not trusting the system, themselves or the signals.
Look at the mouteki methods, it seems a simple method that has some merit if that is your kind of thing, moutekitrader has even written a nice little explanation document, nothing could be (or should be) simpler. Here is my method, here is a document about how to trade, it, now off you go young fella and earn your fortune (of course it is not quite that easy). Now go and look at the mouteki forum, and what do we see? post after post after post of adding this, taking this away, modifying this, why doesn't it work if I add this to that and then overlay it on this? .... amazing. The amount of modifications people are attempting amazes me, the system hasn't even been public for a month, hardly a considerable testing time.
Now I am all for making modifications to a system to suit yourself, most people do, it is only the real dedicated and talented who come up with original concepts, but there is modification to strengthen a weakness in a system, and then there is modification for the sake of modification. How can you modify a system you haven't traded (demo or live) for longer than 5 minutes. To know what needs fixing, or enhancing, you need to know what is broken. Trading a system for 2 trades, then adding stochastics here and rsi there in my humble opinion is not strengthening a weakness of a system, it is just adding lines to a chart to make it look pretty.
So if anyone asks me again why doesn't every trader trading the "same system", I am going to point them to the mouteki forum, I am sorry if this seems arrogant or presumtious, it's Friday, perhaps I am in brain meltdown
after a long week. I don't know moutekitrader from a bar of soap (actually chances are I would pick the difference), but nothing like a bit of venting before the weekend.Happy trading! ... (and be careful of NFP tonight).
You can quit and they won't care, but you will always know.
(if only they were all like this one) ... and if anyone is an experience profitable trader who understands the ins and outs of your trading style and the market dynamics, then this is really not applicable to you. The factory is full of starting out traders, which is great, as you can not buy that enthusiasm and makes the factory what it is, but I felt it was something that needed to be pointed out to those starting on the road to frustration.