As a confused rookie that is my conclusion after reading X million posts and opinions
Either that or all strategies fail. Or will fail at some point (or even work at some point).
On these forums, and on other websites, and in books, there are innumerable strategies and their proponents seem to be making money from them, and sometimes have been for some time. And for each of those strategies there are any number of fans who say that it is has stopped them bleeding and that now they are using X method instead of Y method it has finally all come together. Then on another thread people are using Y method instead of X and it has finally stopped them bleeding etc. etc.
Now any number of experts are going to say 'find out what works for you'. Now before you pour scorn and abuse on my head for asking this bear in mind I know of my ignorance and I'm on a quest for learning. But my simple question is this; why?
Why can't I now go to the strategies forum, copy a strategy so my entry and exit points are based on the same rules, then why would I fail but someone else succeed? What's the variable, the x-factor that means one individual fails with it but another one succeed?
And that leads me to another thing; how do you find what works for you? If you demo a strategy how do you know whether it is/isn't working? If you have a string of losses how do you know whether is because a) it's a bad strategy b) you are doing it wrong or c) you've just happened to get the fuzzy end of the law of large numbers and everything is actually A-OK? (I suppose worse than that if you get lucky on demo then find out it is bad/not for you in reality.)
Hertz
Either that or all strategies fail. Or will fail at some point (or even work at some point).
On these forums, and on other websites, and in books, there are innumerable strategies and their proponents seem to be making money from them, and sometimes have been for some time. And for each of those strategies there are any number of fans who say that it is has stopped them bleeding and that now they are using X method instead of Y method it has finally all come together. Then on another thread people are using Y method instead of X and it has finally stopped them bleeding etc. etc.
Now any number of experts are going to say 'find out what works for you'. Now before you pour scorn and abuse on my head for asking this bear in mind I know of my ignorance and I'm on a quest for learning. But my simple question is this; why?
Why can't I now go to the strategies forum, copy a strategy so my entry and exit points are based on the same rules, then why would I fail but someone else succeed? What's the variable, the x-factor that means one individual fails with it but another one succeed?
And that leads me to another thing; how do you find what works for you? If you demo a strategy how do you know whether it is/isn't working? If you have a string of losses how do you know whether is because a) it's a bad strategy b) you are doing it wrong or c) you've just happened to get the fuzzy end of the law of large numbers and everything is actually A-OK? (I suppose worse than that if you get lucky on demo then find out it is bad/not for you in reality.)
Hertz
