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Exactly, what you described is one of the better systems in the world.

Because the difference in having a trend following system with an edge is that you can have rules that determine when a trend ends which is what the turtles have. Since trends like bull markets do end, it can be measured in time even if a trend goes for 5 years. Otherwise you have a buy and...

Also, the problem with your poll, is you have people lying when they click on it, so its meaningless. If you really want to learn something about statistical edge, go to C2 and review some systems.

Look, on C2, they don't provide the system ie how they generate the results of the trades, they just provide the statistics for example win rate, draw down, profit factor. That is what I am talking about. Since out of 3,000 none can come close to being profitable and do what you are talking...

The benefit of statistics is that you can make up any theory you want and then find the statistics to back them. But in the real world its different. Look at the journal where the guy talks about the real way to trade fibs, and now has a $ 70,000 draw down. If we fall back into a recession...

I will assume you are in the United States. I think your best option would be to form LLP with some other futures traders. I will give you an example. I was watching TV on how some professional poker players created a partnership to reduce variance. So for example, they would all play...

I agree that a system with under 10% win rate has zero edge and is not worth trading since not only are you losing money on trades, but you are losing money on commissions making the hurdle to high. The % of a good trend following system should at least reflect the % of time a market is...

It always amazes me when traders don't use simple automation to manage their positions and instead rely on their brokers crappy systems. I don't believe in wide stops, I believe in chart based stops. Also, I use Ninja Trader as a front end for whatever brokerage you want to park your money...

Here's some advice, go to MIT or Havard. Get a degree in finance, then apply for a position in that industry.

I heard he lost all of his money trying to follow JH's strategy, and then went insane.

Not a good idea, my feet are broken now, and I can barely walk without feeling pain.

Trade hit target. It did go against me a little before hitting target, but although I moved stop down I gave it enough room not be stopped out. 1 win for the day. + $ 100. I was planning to stop trading for the day if this was a losing trade. I may stop anyways. I almost want a losing...

Currently short 1 contract ES on golden cross with indicator as secondary confirmation. 1st plan was to average in just 1 more contract nearer resistance since i got in this trade late. Trade started to go my direction so instead moved stop down and left this as a 1 contract trade. This was...

I have lost money due to anger. You need to be able to determine if you are in an emotional state before you take a trade. If you are anything but calm, stop trading. Before you take a trade, you need to be able to get right with yourself that you are willingly to take the risk, accept the...

Looking back on ES, I see 2 easy trades that I could have made short in hindsight. I got up later than usual today due to injury of my feet jogging.

ES was falling past support but CL was near a support but not at its low for the day. Although we will not see a one to one relationship between these 2 futures, strong moves in one can impact the other. I went for a short scalp on CL. After getting in trade ran against me a little, so was...

I don't see them close to bankruptcy, however, I no longer use them. I switched to Red Box which is just $ 1 to rent a movie since I don't rent that many movies. If the movies is really good I actually like to buy it instead. I like to watch HULU for streaming because its free on my...

Give yourself a break after the 1st trade ends. I would wait a day and start fresh.

I was able to get long one more trade. Price hit floor trader's S1, and bounced off. I wanted to get long a test of this area since it was not broken. I had a limit order to go long and while price got close, it did not get filled. However, I also set a price alert around a resistance area...

Much better trading today. Instead of getting in on a limit, I got long on a buy stop with 2 contracts. 1st contract hit target and second got stopped out at BE. 1 trade, 1 win $ 100. Like many times with a win, I don't feel like trading anymore and of course if I lose I feel like...