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Indeed Which brings to my mind one of my favorite quotes: Never wrestle with a pig; you'll waste your time, get dirty and the pig will enjoy it Cheers

Constructive criticism is welcome, including from Hank and others more or less on the same side of the issue. [/B] MarketRollins Could you post the assumptions behind your trend following system tests here and hence offers constructive criticism that we can all benefit from? Like...

Looks like they're blowing away the competition with those super low rates.. or am I missing something?

Agreed. It takes time and a lot of hard work to build a plan and then to learn how to follow it to develop the second nature kind of confidence that takes you to a totally new level. Learning where to place the stop, in and of itself is hard enough, now when you add the challenge of balancing...

You summarize the conundrum indeed my friend... Think hard about it. It's almost a mathematical riddle. And don't fall into the trap of believing that since others have tried and not found any satisfactory answers, you won't either.

The comment above might not hold across all styles, even when short term trading Listen, you gotta ask yourself the following question: To succeed at this given my trading personality, is it more important to my proper execution that I: 1) Be more right than wrong? or 2) Be right...

entry system is actually a misnomer, you are correct what I meant was the trading method All that matters tremendously, that is the entry point, exit, timeframe, time in trade etc etc

Without going into a lot of detail, the above makes a LOT of sense :)

Success with pyramiding is conditional on the entry system Saying that pyramiding doesn't work without defining the entry system against which the pyramiding was tested doesn't seem to be a sound proposition, logically speaking

I hope you didnt see my remarks as 'flames', if you did my apologies, was not my intention. I'll pm you to discuss

My guess is that >70% of few active traders on this site do NOT pyramid. Hence the lack of interest on this thread, although it has been discussed on previous threads You raise important questions. I would hope that experienced traders could share some thoughts on the matter

Agreed on the second part. It's quite revealing that most traders' concept of money management can be reduced to this: "use a stop" lol

Not all edges are born equal

Bryce Thx for your reply. Just want to make sure I understand you. On some of your trades you add, a minority maybe? and on the majority of trades you do not add? or perhaps it is futile for me to ask since you are primarily gauging market sentiment as you go, on discretionary basis and...

BBG, Is adding to your trades on your way to your exit point an important part of your trading? Thx

Thx for clarifying. Sound like it requires almost inhuman patience to sit through drawdowns of the kind and little income while waiting for the big wave to come. Do you complement these kinds of trades with day to day intraday trading too?

So if I understand your answer to bigfish a few pages ago, you can let a position go against you until it hurts too much but also have been closing out other positions at small loss or breakeven on the assumption that you will re enter the market and win? Is that right or am I missing...

:eek:

Hi Saavy I took a look at your charts and entry/exit methods and think I have a decent understanding of what you're doing. Counter trend trading is appealing and does work within the right context. I'm not so sure however, of its value as the sole entry setup if you're going to trade for an...