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What's ironic about this statement, of course, is that if you are successful at trend-following BY DEFINITION you got in before enough people to make it matter. It's the trader you sell or buy from to close your position after a successful trade who's the stupid one (well, depending on that...

I doubt anyone could come up with a definition of trend that everyone else would agree with, which would be necessary to do such a study. Regardless, I watch the ES as much as possible, consistent with getting sufficient sleep, and I make about 1 round-trip trade/day. If you add in the trades...

I read a quote the other day about trend-following that really summed it up for me. It said, basically, "To do trend-following correctly, you have to believe you are part of something bigger than yourself". I really do think that's Step 1.

There is absolutely nothing outside of price, volatility and time (and I don't mean time of day, as opening range systems) in the markets. The interrelationship between those three things is all you need to trade. I can get 60% winners, with winners larger than losers, with just those three...

The whole "too late to the party" thing is something I used to worry about when I first started trading. Now, I'm more patient and wait for exact confirmation of a trade entry. A trader can make a great living off just the middle portion of the trends. I believe that all good trading has a...

What I find fascinating, in a pathological sort of way, is the implicit assumption that "fixed system traders" all trade the same side of the market, which just happens to be the opposite side of the market that marketsurfer happens to be trading at the time. Thus, if he's short, all "fixed...

Maybe just have the government sector grow at a slower rate than the private sector for about 50 years, to bring them in line. The problem isn't that the government does X,Y or Z, except insofar as doing those things creates perverse incentives. It's that the government is forecasting 7%...

I shy away from "big calls". I take care of the short term and let the long term take care of itself.

Yeah, we're in a fiscal calamity because of "courts, fire, police". Look at what's under the hood of that "etc.". There's your problem. I love how you people who want to tax everything that moves pretend like we are debating the side of the local police force and fire department. That's so...

Wait, I thought one of the Left's favorite slogans is "If you're not angry, it's because you're not paying attention"? So only people on the Left are allowed to be angry? I'm not even so much angry as frustrated that idiots like you somehow exist today, when I know for a fact that you would...

Liberals are incapable of analysis. It's all emotive adolescent posturing with them. The minute you refuse to grant them their untenable assumptions about the world, their arguments all collapse in a heap.

Nor are you any good at analyzing basic data. Again, why should being born in a particular country cost me money above and beyond what I get back from that particular country? If I pay $20K in taxes, why can't I get back $20K in benefits? You hem and haw about "fairness", well what's more...

I see a lot of posts talking about how this or that rally (usually) or decline (less frequently) aren't "real" or are somehow the result of "manipulation". Unless you have some secret kind of trading account that pays you double if you make a trade on a "real" move, who cares? The thing that...

I got a buy signal at EOD on Friday, so I am currently long. Interestingly, I got a similar buy signal on the prior Friday. Since my strategy is to enter only when the market has moved sufficiently, i.e. I try to follow, not anticipate, the smart money, my guess is that they would like to see...

Also paradoxically, those who support the centralization and collectivization of nearly the entire economy scream like banshees whenever someone allegedly breaches their "right to be an individual". Also paradoxically, those who call themselves progressives have exactly the same view of the...

Typical Leftist superficial analysis of this data. Wanna bet that the majority of the tax revenue from blue states comes from people who vote red? After all, the GOP is the "party of the rich", right? So, before breaking your blue arm patting yourself on the back for providing all that tax...

Yeah, because Obama was the typical liberal candidate, so we can totally extrapolate from his results to the bigger picture. If you took out the people who voted for Obama because he was "historic", you got bupkis. Stick that you your SKOAL pipe and smoke it.

Yeah, reality has such a liberal bias that no such thing as a liberal existed for, what, the first half million years of human evolution? If liberals disappeared from the planet tomorrow (oh, man, please let that happen), the world wouldn't miss a beat. Do the rest of us a favor and get...

Notice that all the d-bag Leftists are coming up w/BS reasons why this shouldn't happen and all the people who lean right are like "Hell, yeah!". Yeah, not to hard to figure out why that's the case. If you Lefties had the courage of your convictions, you'd be happy to be rid of the rest...

Hey, dude, get a clue. You clearly missed the point of that. If Buffett pays $3M in federal taxes, do you think he gets $3M in benefits? Do you even understand the concept of cost allocation? Your whole "tax dollars pay" blah, blah, blah, takes that into effect. I pay $1 in tax for every .80 I...