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How are owners of such funds compensated? Article says it's not 2/20% fee like HF's, but should be some financial reason to run them for founders.

As far as I remember his books, he just uses a fixed stop-loss nearly all the time, hence no need to mention it separately.

Patterns are not a delusion. For example - tight consolidation is very objective. Combined with some stats of average instrument volatility it may provide you valuable information about the likely volatility expansion. Guess idea is clear enough. The rest is up to trader's personal preferences...

BTW idea of long straddle makes sense indeed if Surf is able to time volatility well enough, but not direction.

So what? Who cares of the reasons at all? All a trader need is know that odds of immediate move in one direction with MAE lower than X are higher than in the opposite direction. If you don't know how to spot patterns, which provide such odds, it doesn't make any market random.

You don't exist. :D

Back to the topic: currently I don't suggest completely replacing logical/rule based trading with intuition. Quite the opposite: I admit I don't trust my intuition to the degree of using it's calls as entries. Maximum intuition intervention allowed by me is refraining from taking certain...

Trade better to afford a car without shady story behind it? :D

Yea, meditation/visualization techniques are nearly identical in all human cultures and schools.

How do you know RTH is random? What is your base of such claims?

Yep. Even 99% win rate is nothing and more often is a sign of opposite: absence of risk management.

No, your timing is way off even for long-term views, because you never actually hold winners, but tend to hold losers. No offense Surf, but it seems to be like classic reverse R:R strategy which gives illusion of less losses.

Held losing trades and averaged down as well back in 2005 (my first year of trading). Quickly realized there's something wrong to it. Took a few more years to realize what exactly and what is the proper alternative.

I use new platform since this week and accidentally cancelled stop-loss order on a open trade. So it probably happens the other way around too. :)

I almost hear the sound of 100 dollar notes NoDoji is counting after those beautiful trend days in CL. :D

Why do you guys speak like possess absolute truth? :) Tight stops can be very effective, extremely effective even. They guarantee slow death only when one doesn't know anything about decent timing. I don't use stops over 10-12 ticks for years. Know people who are successful with even...

I generally like to bring subliminal matters on cognitive level, so possible tools could be visual/audio training in order to recognize intuitive "calls", first learn to react to them in a systematic manner, then bring them up to cognitive level and analyze them consciously, eventually seeing...

Speaking for myself, I appreciate Surf's honesty about posting what he thinks and his trades. But cannot refrain from comments, when something he talks about is just plan wrong. People may read it and believe that's how trading should be done, which can't be further from the truth.

Surf, that's simply not true. Trading with tight risk and decent R:R ratio is not only possible, but absolutely doable as well as decent timing, including intra-day.

I really don't understand what's so hard in better timing? :)