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The PriceBob Strategy

  • #1,141
  • Edited 7:54pm Jul 4, 2025 6:36pm | Edited 7:54pm
Quoting Noisy
{quote} I don't want to deny that consistent execution is important, but if what you're doing simply isn't producing the desired result, 100% consistent execution will only waste your time.
Twenty trades (or 20 days if you trade a one a day fixed bar method), then assess. If the P/L isn't what you want, first make sure what you desire is realistic. If you feel you are being realistic, then change one variable, and repeat for another 20 trades. Assess, revise, repeat.

Consistently profitable trading is the result of successfully following a process. Trade, assess, revise, repeat is the process.

Quoting Noisy
{quote} therefore also disagree with the often quoted line from Malcolm Gladwell's book "Outliers." It states, "It takes 10,000 hours to become an expert." To me, that's generalized BS. If you spend 10,000 hours learning the wrong thing, it will gain you absolutely nothing except a lot of time.
The 10,000 hour thing has always been BS and I don't know how it got so much traction. Some will spend 10,000 hours practicing golf and reach scratch. But I've seen two people, one man and one woman, take up golf and reach scratch in less than two years with maybe one range session per week and one round per week during a 9 month playing season.

And scratch isn't good enough to compete on the PGA tour. And most who reach scratch will never reach pro level skills no matter how many thousands hours he or she practices.

And trading is similar. Some will reach consistent profitability in short order, maybe 2 years or even less. A few others will get there after long struggle and practice. Of those, few will profit to the tune of 80 to 100 million dollars in a decade or less as a few of the elite have done.

And since that isn't what matters I don't know why you brought it up. Just more over thinking perhaps? I re-read Blue's post and nowhere does he suggest thousands of hours is the answer.

It is skill. What skill? The ability to execute a trading plan without fear or over confidence by staying focused upon the process of trading rather than the outcomes. So long as you are enamored of and stuck in back testing and simulations you remain addicted to and obsessed with the outcomes.

Quoting Noisy
{quote} Show me what to execute i’ll execute it a 100 times exactly the way you describe it. Let’s find out if that will make me reach my goals…
We've already done what we can do. The rest is up to you. Look to the examples set by Batavia and Giga.

Inserted Video
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,142
  • Jul 5, 2025 3:08am Jul 5, 2025 3:08am
Quoting Noisy
{quote} I don't want to deny that consistent execution is important, but if what you're doing simply isn't producing the desired result, 100% consistent execution will only waste your time. As you say, this is a performance business, and you don't get paid to constantly pick your nose. I therefore also disagree with the often quoted line from Malcolm Gladwell's book "Outliers." It states, "It takes 10,000 hours to become an expert." To me, that's generalized BS. If you spend 10,000 hours learning the wrong thing, it will gain you absolutely nothing...
FFS - I thought this thread gave you some methods. It is up to YOU to execute over 20 times or more going forward. Stop disagreeing and test going forward. Keep it simple then come back here after you have tested forward twenty times or so. Driven18 has given you clues as has Bluesteele and Vidvad above. Just listen FFS. Enjoy your week end.
Blue makes sense here: read his post again
So start SIMPLE in trading... Like a ORB and really focus on developing your SKILLS in executing your method. The positive benefits you will reap from executing a simple plan and mastering it are many. Build your skillset with the solid foundation of a simple method .. Then add in more variables if need be. Whether its scaling in or out etc etc...

Build your skillset thru repeated daily execution... btw backtesting wont do jack shit if you can not
skillfully execute it in real time... Seriously strive for 1% better everyday... It may sound cliche but its not if you are serious about this business. Just some rambling Friday afternoon thoughts Maaaan !
every Saint has a past. Every Sinner has a Future
  • #1,143
  • Jul 5, 2025 6:32am Jul 5, 2025 6:32am
Thats a lotta noise here lately. I go and focus on my monthly 20 trades.

BT
  • #1,144
  • Jul 5, 2025 6:58am Jul 5, 2025 6:58am
Quoting BataviaTrade
Thats a lotta noise here lately. I go and focus on my monthly 20 trades. BT
Well done. Do that and you will be fine. Focus -wish I had said that
every Saint has a past. Every Sinner has a Future
  • #1,145
  • Jul 5, 2025 9:01am Jul 5, 2025 9:01am
Inserted Video
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,146
  • Jul 5, 2025 10:23am Jul 5, 2025 10:23am
Quoting vidvad
https://youtu.be/B3NrWU0HlqQ
I am afraid the sound is poor. I cannot make it out.Sorry Vid.
every Saint has a past. Every Sinner has a Future
  • #1,147
  • Edited 11:49am Jul 5, 2025 11:38am | Edited 11:49am
Quoting turnip15
{quote} I am afraid the sound is poor. I cannot make it out.Sorry Vid.
I didn't realize - it is terrible. It sounds as though it was picking me up on two different microphones.

I will delete and re-record later.

Thanks for bringing to my attention, turnip!
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,148
  • Jul 5, 2025 8:26pm Jul 5, 2025 8:26pm
I hit my 20 trades this week (actually 24 total) and made profit I will be starting my next 20 next week. I know I made a profit (+31), but it looks like if I trail my trades, I could do even better. I would have made an extra 45 pts. It is a simple trail that has rules. Thanks again vidvad for this wonderful thread. You have made a difference for sure!
  • #1,149
  • Jul 5, 2025 9:21pm Jul 5, 2025 9:21pm
Quoting Belgrath
I hit my 20 trades this week (actually 24 total) and made profit I will be starting my next 20 next week. I know I made a profit (+31), but it looks like if I trail my trades, I could do even better. I would have made an extra 45 pts. It is a simple trail that has rules. Thanks again vidvad for this wonderful thread. You have made a difference for sure!
Congratulations Belgrath ! ! !
Master your Mind,,,Master the Market
  • #1,150
  • Jul 6, 2025 2:18am Jul 6, 2025 2:18am
Quoting Belgrath
I hit my 20 trades this week (actually 24 total) and made profit I will be starting my next 20 next week. I know I made a profit (+31), but it looks like if I trail my trades, I could do even better. I would have made an extra 45 pts. It is a simple trail that has rules. Thanks again vidvad for this wonderful thread. You have made a difference for sure!
Well done!
  • #1,151
  • Jul 6, 2025 5:25am Jul 6, 2025 5:25am
Quoting Belgrath
I hit my 20 trades this week (actually 24 total) and made profit I will be starting my next 20 next week. I know I made a profit (+31), but it looks like if I trail my trades, I could do even better. I would have made an extra 45 pts. It is a simple trail that has rules. Thanks again vidvad for this wonderful thread. You have made a difference for sure!
That's the way to do it - well done.
every Saint has a past. Every Sinner has a Future
  • #1,152
  • Jul 6, 2025 9:47am Jul 6, 2025 9:47am
Quoting Belgrath
I hit my 20 trades this week (actually 24 total) and made profit I will be starting my next 20 next week. I know I made a profit (+31), but it looks like if I trail my trades, I could do even better. I would have made an extra 45 pts. It is a simple trail that has rules. Thanks again vidvad for this wonderful thread. You have made a difference for sure!
Congratulations of doing what very few ever are able to accomplish: Sticking to a simple, rule-based plan for a minimum f 20 trades.

You are following the exact process: Set your plan, trade your plan, and after 20 or more trades, assess, revise, and repeat.

You are on your way, Belgrath!
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,153
  • Jul 6, 2025 10:48am Jul 6, 2025 10:48am
Thanks everyone for the nice comments! I am proud of sticking with it. Now on to the next 20!
  • #1,154
  • Jul 6, 2025 10:49am Jul 6, 2025 10:49am
This video replaces the one I posted yesterday that I had to delte to the extremely poor audio quality. In this video, I clearly define what we mean when we say we are "Fixed Bar" method traders, the role of back testing in completing the Mark Douglas exercise, and how I collect data for my own back tests.

Inserted Video
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,155
  • Jul 6, 2025 11:28am Jul 6, 2025 11:28am
Quoting vidvad
This video replaces the one I posted yesterday that I had to delte to the extremely poor audio quality. In this video, I clearly define what we mean when we say we are "Fixed Bar" method traders, the role of back testing in completing the Mark Douglas exercise, and how I collect data for my own back tests. https://youtu.be/47cLf8tgeDo

Can't be clearer than that vidvad,
thank you
  • #1,156
  • Jul 6, 2025 12:01pm Jul 6, 2025 12:01pm
Quoting Hugo55
{quote} Can't be clearer than that vidvad, thank you
I wonder what Vegas is posting as the Over/Under for number of posts before someone comes along to try to throw us off the path again?
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,157
  • Jul 6, 2025 12:39pm Jul 6, 2025 12:39pm
Quoting vidvad
{quote} I wonder what Vegas is posting as the Over/Under for number of posts before someone comes along to try to throw us off the path again?
Odds are high for over, as "there's more than one way to skin a cat."

P.S. I love and protect animals.
  • #1,158
  • Jul 6, 2025 1:16pm Jul 6, 2025 1:16pm
Quoting Belgrath
Thanks everyone for the nice comments! I am proud of sticking with it. Now on to the next 20!
Congrats on 20 trades. You may want to publish each of the next 20 trades here. I can guarantee it will be a great lesson for you and you will learn much more about your state of mind while in the trade.
  • #1,159
  • Jul 6, 2025 3:17pm Jul 6, 2025 3:17pm
Quoting driven18
{quote} "there's more than one way to skin a cat."
Not in this thread, there isn't. That's what the rest of FF is for, all those other ways in which people are skinning this cat.
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,160
  • Jul 6, 2025 3:20pm Jul 6, 2025 3:20pm
Quoting driven18
{quote} Congrats on 20 trades. You may want to publish each of the next 20 trades here. I can guarantee it will be a great lesson for you and you will learn much more about your state of mind while in the trade.
He's doing just fine as he's bee3n doing it.

I'd keep my mouth shut and let him share as he sees fit.
Life itself is a privilege, but to live life to the fullest is a choice
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