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Dumbest rule of all. Directly contradicts Let Winners Run.

Nonsense. Money management means nothing without an edge. If you don't believe this, try "money managing" your way to profits while playing roulette or casino craps or a slot machine. In trading, your edge has to come from your timing strategy (knowing when to enter and when to exit your...

My TA is based in part on statistics. TA and statistics are not incompatible.

LOL! Banned by whom? Congress? The UN? God? TA is a huge low-quality junkyard with a handful of treasures hidden inside here and there. The fact that you've never found one of the treasures, and likely never will, doesn't negate the fact that they are there. Sorry, you just don't have...

Already done : http://www.elitetrader.com/et/index.php?threads/the-best-trading-proverbs.284308/ Or are you making a bright distinction between investing and trading?

Here is my current recommendation for a real-world trading fraction: Trading fraction = min[ 0.9/max[ .0001 , 2*max[ -Ri ]_i=1toN ] , ½*NKF ] , where NKF = the new Kelly formula (see below) , Ri = the return (fractional) of the i'th trade , N = the number of trades. NKF = max[ 0...

He's too smart to be surf. And he has his own journal. No surf sockpuppet has taken things to that level before.

I'm pretty sure babyjake1961 is not a surf puppet. He strikes me as a sincere newbie who doesn't support TA because he believes the Wikipedia misdefinition of it. His mistake was starting an anti-TA thread. I understand why the thread was deleted but I hope he hasn't been banned because of it.

Actually TA still works. In fact your description of price inertia fits in perfectly with TA. I'm doing something very similar with a strategy based on two conventional technical indicators that shall remain nameless. This is the best definition of technical analysis I've found : Technical...

Buy1Sell2 refuses to unequivocally define "Prudent Risk Management." Clearly Buy1Sell2 is either a crank or a troll. Cranks and trolls are complete wastes of time. Buy1Sell2 is now on my ignore list. Done with this incessant nonsense.

To be fair, you can't be sure you're using PRM because Buy1Sell2 refuses to adequately define it.

Is this your response to my last post?

Your refusal to completely and unequivocally define "Prudent Risk Management" (PRM) is very telling. So far you've made it mean whatever the hell you want it to mean. That is the action of a crank or a troll. Will you at long last tell us exactly what you mean by PRM? If yes, thank you. If...

Not the point. Stop cutting out crucial parts of the proof and try to understand it.

Well, words do matter. And unfortunately it is common to conflate "professional" with "expert" and "amateur" (aka hobbyist) with "novice". The truth is there are novice professionals, expert professionals, novice amateurs and expert amateurs. Pros get paid, amateurs don't. Got nothing to do...

This is false. Provably false. Here's what you say in your main thread: "In order to be successful in trading, it doesn't matter whether you are right or wrong when placing a trade. What does matter is that when you are wrong, you lose a little bit and when you are right, you maximize your...

Lose more often?

You necromanced this stupid thread just to ask this? Like some clueless newbie? Man, you are losing it.

LMAO! "the angry one's", "looser" First pass a course in basic grammar, then pass a course in basic logic. Then maybe ... just maybe ... you'll be able to make a useful contribution to this website. Until then, I'm putting another idiotic loser on ignore.

FFS how thick are you? You said "TA is like driving forward looking in the review mirror.". The only way "your" analogy (not really *yours*, I've heard this car crap over ten years ago) makes any sense at all is the following: "Road" = time "Looking in the rearview mirror" = analysis of past...