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definitely yes! I'd even go a bit further - stay completely out of the market ALL THE TIME ! for a majority of people it's an EDGE ..it takes patience indeed :)

There is a paper on a system trading sp based on similar concept ...

This 'info' is completely useless.. It's like SHOWING levels..Same crap, waste of time..

that's a good one! feeling your way for success :) you'd better send you money directly to Mr Simons and start feeling for some other business.. good luck though as you will need plenty of it :D

The answer is simple - people lose because they are biased and it's just perfectly normal. They see what they want to see , they look for stuff that's not there , they 'see' things that don't exist and look for 'evidence' to support their biased approach. They keep trading because 10 years ago...

some proof ! scientific :) now, show us these predictable patterns that OBJECTIVELY exist.. JUST ONE WILL DO :)) same books, same news sources, same everything - as in the other thread - the same old stuff day in day out , lol..

yeah, like what stuff?? get specific, please.. or 'the same old stuff ' means you are actually unable to enter and EXIT a profitable position :) 'the same old stuff' - what a catchy phrase.. probably meaning ' I figured it all out' :).. 'same old stuff all day long' meaning: 1) there are...

Frank got tired of SHOWING us levels.. wouldn't you?? The thread's title is TRADING levels but somehow Frank decided to limit it to SHOWING levels.. Good it's dead..Let it rest in peace..

can you tell 'relevant' help from 'irrelevant' ? i mean specific help - seems ok to ask here but asking for 'general' help -how to make it as a trader is pointless to say the least.. you will get lots of clishes which you will spend your life testing..the amount of trash you will have to go...

sounds like a quotation to me , isn't it?? or these are your own words? "Evidence based technical analysis" - I'd bet this is where it comes from but maybe I'm mistaken :) very good book by the way, will deprive you of illusions..chapters on psychology should be dealt with in 'Psychology'...

the legend has it - it is :)

Did you just use the word 'predictive' ?? I thought it was out of your dictionary as long as trading was concerned..

Imagine Simons changing his subconscious mind, lol :)

I liked 'Diary of a professional commodity trader' by Peter Brandt . The whole approach revealed..No big deal, lifetime edge exposed :) In a book..

very good system , if it ever stops working go to the thread ' Making money with a losing strategy' for some answers .. either way you are a winner :)

while I'm glad that you are back I remain highly skeptical about what he publishes in the P&L thread, those blotters /whatever you call them/ have no date, no time stamps on them/, he could've 'produced' them in one day while he was profitable and then publish them under different dates.. I...

To make 500$ a day on 50.000$ account one needs to TIME the market as there seems to be no other way.. Well, it's very realistic to make this kind of money but NOT FOR YOU unless your name is Mr Market :) 500 $ a day , any money a day means you can time the market with 100 % accuracy on daily...

Real traders / timers/ don't discuss gains or loses for the simple reason which is - there are no gains , that is they are on average net losers..so what's there to discuss?? We are talking REAL TRADERS here , not paper ones :)

BAD NEWS. 'Quantitative analysis of investor behavior' dated from 2004 / the only one I came across/ did a research on retail traders who invested with mutual funds and it says TIMERS lose the most. Systematic investors / monthly buy a little bit/ do a little better than inflation...

chances are you will end up KNOWING ABSOLUTELY NOTHING about day trading except you will be much older :) knowledge=profitability, there is no other knowledge in this particular case..