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Have to agree with this. The equity curve is not smooth enough for a short-medium term system. And its very hard to trade a system with prolonged flat periods especially the one your graph has which is 4 years from 2000-2004.

I heard in the US you can buy an M3 for about $50k. At 18years old, that should be able to lure the stunners for sure. You have plenty of time to accumulate wealth in your 20s and 30s. But you're only young once.

Its pretty clear that this guy is one of those few who are consistently profitable.

Nope. For me its buy high then sell higher.

For long only trend following systems, I know of some people who use index filters. Some have them set for if the index is in a downtrend, their systems turn off, for some this means they don't buy anymore but keep all current positions open until an exit is hit as per normal. For others it...

Agree with Hook N Sinker.

A solid post overall, and I agree with most of what is being said here. Number 4 especially. But i must disagree with point number 3. But I think this depends for the type of system you are trading. With long term trend following systems, like the weekly system I am trading, I just buy...

What you say is correct, good stuff.

Isnt this the same guy who made a killing out of K-Mart a few years back? 24pc annualised since 1988, surely you wouldnt bet against him.

www.marketwatch.com

This happened ages ago. It was in his market wizards interview in 1988.

Ok, so it was just a bit of fun then. Dipper, glad you found you funny bro.

So according to the poll results so far. 13% of all profitable discretionary traders make over $10K+ per week. 39% of all profitable mechanical traders make over $10K+ per week. A 3-fold difference. Interesting. Thanks everybody for voting. Perhaps my next poll would be to test if...

Hi Loik, I still can't see your point. I can't really explain what Im trying to do any better than in my last post.

Im not a detective trying to solve a mystery, my smart ass friend. Im trying to figure out, from all profitable daytraders, who makes more, mechanical traders, or discretionary traders. The results so far lean towards the former. If you are NOT net profitable then you shouldn't be...

Surely if they were lying they would all pick the 10k+ category??

Well if your mechanical system is your main system then how much does this pull in a week? Please add it to the poll.

Thank you all for polling so far. The results upto now have confirmed what Iv suspected. There are not many daytraders that trade mechanically, but those that do, really clean up. JimmyJam, do you daytrade using a mechanical system? If so -- PM me please, id love to discuss a few...

One step at a time, my friend.

Hello everyone, I'm thinking of adding an intraday system to my longterm trend following system. But first I want to find out if it would be worth my time (the design and development process) This poll is for daytraders only. Those that trade using bars with a shorter periodicity than...