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That can be dangerous since one can never know what somebody else's results are unless they post their trading plan and, preferably, post their trades in advance. If those who get angry about the results of others would only keep in mind that so much of it is just made up, they wouldn't get so...

I don't think jealousy is an issue. More likely that whatever one has tried hasn't lasted. This is often the case with formulas of one sort or another and automated trading. It all requires attention, like an old boiler, and if one has been doing it for years and has yet to gain any traction...

The original point? That some trading approaches do last. But it's neither an argument nor a fight.

Yes and no. It depends on how damaged the trader is, and if he's been at this for three or five or ten years and still can't show a consistent profit, much less make a living at it, then strict rules that are derived from thorough testing -- back, forward, and real-time -- are necessary, and the...

Yes, following an MA can be consistently profitable. Just about anything can be consistently profitable. Whether it is or not is another matter. Without knowing the details of the trading plan, it's impossible to say. Plot an MA and follow the trend is not a thoroughly-tested and...

So how you decide whether to go long or short?

There's no reason why a trading strategy based on the movements of a moving average can't work as long as it's thoroughly tested and consistently profitable. Ditto with a strategy based on phases of the moon, which someone in another forum follows religiously. But to suggest all one has to do in...

No, I said that we could drop this anytime. Not quite the same thing. And, no, you haven't pissed me off. I don't even know you.

Ah. You registered a couple of days ago and I registered twelve years ago. Hmm. Best of luck to you in your trading.

I assume you meant why am I trying to convince everyone? And I'm not. I responded to Light's assertion that trading methods (or approaches or systems or whatever) don't last. You took it from there. We can drop this anytime, lols and all.

You asked if he was a supply and demand trader. Aside from the question of whether or not he's a trader, why else would he make the investments he does?

I have no idea, but I suspect that he doesn't buy companies just because he likes their logo.

What does fooling have to do with anything? If a trade doesn't do what one expects it to do, why hang on? Hope?

So letting one's trade tank by 30% reflects discipline? Curious.

No, I'm not upset. This doesn't matter enough to me to upset me. It's no different from what I've heard thousands of times before. Nor am I offended. Your success or failure has nothing to do with me. As to trading plans, they needn't be secret. Mine isn't. ND's isn't. As to discipline and...

Why accept such a drawdown? The market doesn't determine the drawdown, the trader does. If the trade goes against you, just get out of it.

So, in brief, you have no trading plan. Let us know in a few years how that's worked out for you.

This thread is seven years old and Rahula hasn't posted in five, so you may not get an answer. But there's nothing especially difficult about it. Is price going up or down? What is the pace of the movement? The duration? What Ed Seykota may or may not have said is not pertinent, particularly...

Thoroughly-tested and consistently-profitable plans, yes. And, as I suspected, the gorilla doesn't have one. Which is why he believes that "nothing lasts". To say that a trading plan based on price behavior will never fail has nothing to do with arrogance or ego but with the fact that the law...

When The Gorilla and Lights present us with their trading plans and let us know how long they've been making a living from their implementation, we can all, I hope, benefit.