DislikedMost people in most threads are trading on demo accounts. So, it has not much to do with real trading.
Nobody ever posted a well tuned system in a public forum. Only way to advance is to pick up ideas from different threads and to put together your very own system.
If you manage to do this (it takes around couple of years of hard work on your own) then you have to remember that any good system will stop working very profitably soon after you have shared it publicly.
On the other hand, most ideas and systems work in the hands of a good trader...Ignored
WHY DO ALMOST ALL OF US TIGHTEN OUR STOP as the trade we are in accrues more $$$ and lasts more bars? Isnt that the time to, "if" we do anything to loosten the stop as the trend has confirmed itself the longer its lasted. Now come on guys, How man of you said I will get out when the first bar closes under my 8sma and then you see it stall for one bar, produce a doji and then go back and forthfor 30 seconds and you just figure its out of gas and you bail, figuring you could always re-enter? Or you are happy with the gain you have...only to see that you are in that one day a month, 20-1 where the stock does not draw back all day long and just grinds up till 4pm! This is both a separate question and also a concept to adapt into a system. If youd like to work on this privately with me, send me a PM. Im trading years and thats my 2nd biggest mistake. Now I solved it by having tgts set "before" entering. In the scenario I gave I would have been using a 2 or 5 min chart. Oh yeah...hint for the newbies: If I could have a system, it would be to find anyone(there are so few) who can win off of a 1 min chart, and just pocket the spreads and commissions and misc. fees they pay each month. Sickening isnt it? The best trader in the world can never make more than the CME or NDAQ. Just threw that in, it doesnt mean much.....or does it?