TheDaxMan was right, trading is very simple, both to understand and to do.
So the problem we have to solve is how to trade profitably. You need a strategy, and there are only two strategies - buy because price has been rising, or buy because price has been falling.
Most new traders buy when they see a downtrend. And even the new traders know what happens next.
Even if you have the most profitable system in existence, you cannot escape the eventual return to probability equilibrium at which the system loses its edge. This is why great systems invariably burn out at the very end. It is the fate of any trading methodology that attempts to analyze the market without being in full alignment with it. To be fully aligned means to completely surrender yourself to the market without attempting to box it in any way in your quest to eke out a profit.
I have good news. It is very much possible to have a trading system with a profit expectation that lasts for the rest of your life. All you need is a mechanism that shows you an absolute frame of reference around which the market oscillates in its pursuit of staying true to its probability curve. Probability is merely the market's natural price movement within the framework of a starting point between two arbitrary endpoints along the price axis. With such handy piece of information, the system trades in the direction the market has no choice but to revert to its probability equilibrium. If it does not do that, the market ceases to exist which thankfully doesn't happen.
That absolute frame of reference is the key that allows you to be fully aligned with the market. Find it and you won't have to worry about second guessing the market again, although you'll still be stressed out for other reasons typically associated with trading.
I have two systems which I developed myself based on this discovery which took me over 20 years to understand. Fundamental and technical analysis, even price action, aren't necessary at all.
Even if you have the most profitable system in existence, you cannot escape the eventual return to probability equilibrium at which the system loses its edge. This is why great systems invariably burn out at the very end. It is the fate of any trading methodology that attempts to analyze the market without being in full alignment with it. To be fully aligned means to completely surrender yourself to the market without attempting to box it in any way in your quest to eke out a profit. I have good news. It is very much possible to have a trading system...
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Its good you have a reliable methodology but this all sounds very vague. Maybe you want to say more about whatever it is you're doing, right now I have different ideas about what you might be doing, some clarity would be appreciated.
Thanks.
And it is thanks to people like you that people like TheDaxMan can share their strategies without having to worry about the extra competition. You're simply too stupid to understand what you are being told.
My only criticism is that starting with $10, you would end up with $7,000 after 3 years at 20% per month, not $7 million.
{quote} have one of my EA working while I sleep on complete autopilot for more than 18 months. no martingale, averaging, or grid. using SL. {image} Renaissance Technologies running algos for more than 30 years with average yearly profits ~70%.
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High frequency algo trading firms spend vast sums of money to ensure they have the fastest market access possible. If they do not, their algos don't work.
{quote} High frequency algo trading firms spend vast sums of money to ensure they have the fastest market access possible. If they do not, their algos don't work.
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Indeed, Renaissance Technologies is known for its investment in top-tier servers and high-speed connections, which enable them to access market data swiftly. However, it's worth noting that while some of their algorithms may benefit from these advantages, not all of their trading strategies rely solely on server speed and connection quality.
