Search results

You haven't shown any math at all. First of all, you don't know his precise entry strategy. You also don't know the expectation for the trade based upon his first price target, and then you don't know the expectation for the trade based upon his ultimate exit. You also don't have any idea...

In your opinion

They might use multiple time frames or simply longer term systems, or both. For example, they might use 20 day breakouts and 100 day breakouts.

Yes, if he is nervous about trading multiple contracts, then he shouldn't. However, many professionals employ this sort of tactic to smooth out the equity curve. Some trend followers will employ counter trend strategies to the effect, etc. Ultimately, I see no reason to argue against the...

Here are the original mechanical rules for the Turtle trading systems. http://www.dailystocks.com/turtlerules.pdf You can also test a variety of moving averages, Bollinger Band breakouts, etc. Ultimately, most money managers who employ trend following strategies keep the systems simple, and...

This is actually a fairly common strategy to help with limiting losses and reducing volatility. While it is true that only half of the position will exploit large moves, if and when they do occur, the strategy may allow for more consistent profitability. It may help him stick with a position...

Keep at least a part time job to pay your bills, then set up a private pool to pool your assets with other investors, and charge an incentive fee. That way, you make money from your own contribution to the pool, and you get a percentage of profits for your other investors. If you do well, you...

and T. Boone Pickens said just last August that Brent Crude would NEVER fall below $100. Just follow the trends

Agreed...it's a good idea to test, test and test. At the same time, I believe learning the entire turtle system provides a good foundation for anyone who wants to trade futures, due to the concepts behind the system.

Hi Shelton, The 20 day exit is a trailing stop, so it will rise with the market in a bull market and fall with the market in a bear market. While the actual 20 day high or low may be different on the days you enter the new position, once both positions are entered, it will be the same. For...

Here's my take on the small account issue....you have to sit and wait for the right opportunity to come along. I think many people get caught up in this mindset that they need to actively trade. If you are going to actively trade, then yes, you must focus heavily on risk management. But, if...

If you want to trade options, do some research into money managers who trade options as their primary means of generating returns for their clients. One free source of such information is Autumngold.com. There you will be able to see performance results and typically a brief description of the...

Interesting stats in this article... http://trendfollowingmentor.com/blog/2014/12/18/will-historical-statistics-make-the-stock-market-in-2015-another-winning-year/

I think it is more a global economic story...while the U.S. economy appears to be humming along, the rest of the world looks pretty bleak. The question is, will that global weakness spill over to the U.S.

LOL, given how coffee runs right through me, I'd never be able to sit in front of a computer long enough to make that many trades! You missed the point. Most people lose money trading because they don't approach trading as they would if they were going to set up another type of business...

Unfortunately, the process basically involves reading a lot of stuff, taking out what you like, and discarding the rest. Ultimately, you just need to come up with something that works for you, but you have to develop a base of knowledge first.

Ain't that the truth!

Yes, switching time frames in the middle of a trade is a very bad idea, but there are many time frames in which to be profitable. I would venture to guess that there are some people on this forum that don't have the time to sit in front of the computer all day. Therefore, discussions...

So, did I miss the memo that this site is only about HFT? Is there only one time frame to trade profitably?

Your guess is as good as mine. But, he doesn't want to be correlated to trend followers anyway.