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I have mathematically defined what a trend is for me, and based on the algorithm I have statistically proved that the trend as I have defined will continue. Thus I developed a trading system. Why can't you get it through your thick head that there is no prediction there – it’s just a...

Swing trade.

I think it depends more on your style or approach. Yes for long med term traders what you say is quite correct, however for short term chaps i don't think so. Longer term trader look for fewer large winners, with more small losses. They might have 30% winners that generate average returns...

Eddie, You should admit that at the moment YOU ARE A GAMBLER - period. You are in it for the rush and excitement, thats why you love it - and that makes you a loser. Quit pretending and develop a system to manage you positions and risk: then become a trader. No apologies for being blunt.

TIME WITH FAMILY

Since you are a EOD trader and seem to be a med-long trend follower I would do three things: 1. Use a Day Only stop entry say 1xATR(10) above the close. This will help confirm the trend you are hoping to jump aboard. 2. Place your initial stop at a couple of ATR(10) below your entry price...

Learn how to code you ideas using Amibroker, Wealth Lab, Trade station or some other program. You need 3 things: entry conditions, exit conditions and money management. Test your ideas.

Can you give us a bit more info about your trading style - trend or swing or what? They all have different approaches. Obviously you are concerned about win:loss. I personally would be more concerned about expectancy and Sharpe ratios. You can make significant returns with 70% losers if...

chewbacca and surf, I am more than happy that you two don't manage my money OR trade for me. If ignorance is bliss then you two are fine candidates. pneuma

winners understand that when you sell is more important than what you buy

definitely the easiest way

you can start here: http://www.tradingpatterns.com/ Let me think - would I prefer to have an automated trading system that freed up my time to do what i want OR do i want to guess as to what the market will do and spend my entire day in front of a computer screen. I know that's a hard one...

Have a look at Wealth-lab.com for thousands of examples. Whether they work or not is a different story, and you can automate with that software if you are inclined. The key is these bots aren't scalable. One system with moderate float = excellent returns, HOWEVER 1000's traders with...

stocks + lots of leverage + EOD + multiple systems

I have an index switch in some of my trend following systems. It simply tracks in index of the stocks I am trading and when the index falls below a simple moving average the system doesn't take any new positions. For example, if i was trading the S&P500 components it would track the S&P500 and...

expectancy = (number of winners * average profit) / (number of losses * average loss)

215%

What you need to do is find something that you could use as a trigger. Something like: closing above a previous peak; a stochastic cross; MACD crossing 0; or even two moving averages crossing; BUT find something that triggers you entering the trade. Implement your exit strategy and...

Ahh, life is so simple when your knowledge rests within the pages of some out of date text book and experience is something that you could only dream about. I wish i had the opportunity to grasp the finer points of hedge funds and wall st from a couple of summers getting coffee from some...

I don't understand. Sure day trading is a job, that i get. But, you can make as much or more using much longer time frames and much less work. Why do you want to work so much, when you don't have to? For example, I look at my computer for trading purposes for 30-40 min per day; in...