DislikedRe: the dollar. Who cares where it goes... if you follow the trend, you can ride it wherever it feels like going. While all the fundamentalists are going whacky trying to second guess it, you're sitting back thinking, "Who cares where it goes -- I'm making stacks of cash even if it crashes..."
People (I'm not talking about you, mind you) who get wrapped up in the, "It HAS to turn around!" game are trying to predict.Ignored
DislikedYou're correct that trend trading in a heavy trend is very profittable. If I remember correclty, vegas said a few days ago that the system may not perform as well in heavy trends. I can understand this since he and I share many of the same ideas. I don't use his system, but I understand the concept and how it would fail in such a situation. But who's fault is that? Not vegas'. To rely on one system in a changing market trend is financial suicide. At the very least, modify the sytem to adapt to the change rather than abandoning it at the first hint of failure.Ignored
DislikedThis is not how the market behaves all the time. Most people will tell you the market ranges somewhere like 80% of the time. So, when the market is ranging, your trend following system will take it in the behind while Vegas' prospers. So, you've either got to stick with it and take your drawdown, modify it to decrease drawdown like Mudd suggests, or you will have to develop a way of determining when we're trending and ranging and trade differently for each condition.Ignored
DislikedWhy is it bad for someone to switch systems once he has identified an exploitation that another system doesn't take advantage of?Ignored
My 2 cents worth , hope I haven't upset anyone , wasn't meant to be that way.