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Blast from the past! That was a good system. I've discovered many such solutions over the past 12 years of pondering the riddle of the markets. The real paradox is I immediately abandon anything I find that works. I am beginning to think I actually don't want money. But elliot wave...

Jim Rogers had a few great words to say about this in the original Market Wizards book. Also, any book by Van Tharp goes into the fundamentals (no pun intended) of positive expectancy, which is the ultimate measurement of a low risk entry over many trials. I think I explained it well enough in...

Original Poster, sorry for the internet slang.

I'm sorry but I can't get to specific trading systems, but yes, retail traders are in a great position to capitalize on the mistakes of other traders. It may take some experience making mistakes of your own before you begin to realize where on the chart you should reverse your buy and sell...

It finally hit me after about 11 years of casual trading on the side. Another thing that made it more obvious is when I started flying ultralights. Those things can kill you like any other airplane, but the structure and controls are out in the open. You feel a psychological need to verify...

I'll go ahead state the obvious, since this thread is very old, and devolved into a guru contest. OP left many clues. 95% lose at short term trading, 5% win. Money flows from the many to the few. When one trader loses, another wins. Therefore the 5% manipulate the 95% (much like in society)...

MSFT

I'm no guru, but the current pattern looks just like the triangle before the drop in early 2018. You know what this means - it's probably going to do the opposite. Disclosure - I'm short several stocks.

Essential systems are usually automatic, on any machine where life (or life savings) are on the line. Airplanes have stall horns and a Christmas tree of lights on the panel that will warn the pilot when the health of the machine is in danger. Rock climbers have ropes, ultralights have BRS...

Yes, of course. I was on Tradestaton 9.0, back on the day, when I developed a few trend algos but never could figure out how to program a function to buy / sell based on an additional chart, or the equity curve. I had so much more fun with rules based discretionary trading anyways that I gave...

I'm no expert with sizing algos, but here are the obvious levels in a trend following equity curve where leverage could be added and pyramiding could take place with little added risk. You could also "average down" the equity curve in the range bound regions, but I never tested this.....

I traded far better in my first month in the market before learning anything, because I had a true fear of the unknown, knew I couldn't calculate the future. Later I read some books and thought I could see the order of the markets, and even the universe, according to the wave theorists who...

I find you to be a fascinating Elite Trader. Seriously, I would meet you in person to see what you're like (no homo). *edit - I think I get what you're saying and saw something similar in testing, years ago. I'm at nowhere near that level but I've seen the light. If an average trader does...

The reason speculation can work for the small trader is we have the significant advantages of not moving price with our orders, and the freedom to get out whenever we want. If you don't know the game, and don't know your advantage, how can you trade from a dominant position?

I'm no expert, but it could just be your subconscious mind reacting to your lack of risk management. The state of mind that drives you to protect yourself at all times will eventually move you to test your trading plan, develop an understanding of how it will endure the fat tail price moves and...

When I stopped looking to make money, and instead looked at losing the least with the same opportunity. Then the answer jumped out after some observation. And what I found is something many others seem to have found. The big challenge at that point is to prove it so you can believe in it, and...

There are no gurus, they're all fake. On the rare chance they have a good system, the act of presenting it to the world renders it impotent after a little while.

Thank you everyone for weighing in. I enjoy sampling the psychology of my competitors, even the profane. As a final quote, I will paraphrase Jessie Livermore in his famous book. A sales guy enters his office and talks for a few minutes, then asks him to sign a sheet of paper. He does, then...

Smart people have trouble considering they may be wrong. He would not accept his losses. Speculating is the only career when admitting a mistake as quickly as possible is an advantage.

Insights from Vic Sperandeo, who had a trading business after making gobz of money himself: "I hired other traders, taught them what I did and gave them my capital to trade. ... Over a five year period I trained 38 people. Each spent several months by my side while I taught them everything I...