Search results

  1. dbphoenix

    Losing money consistently

    Unless someone posts a trading plan, it's all theoretical, so what's the point? As for the winrate with 3 losers in a row, that comes to a winrate of 25%.
  2. dbphoenix

    Losing money consistently

    You're making assumptions with regard to winrate and consecutive losses that are not supported by the quote. In any case, emulating George Soros is not likely the road to success unless one is extremely well-capitalized. "Elite" traders would do well to come up with something more rigorous...
  3. dbphoenix

    Losing money consistently

    Mr Soros has a well-thought-out, thoroughly-tested, and consistently-profitable trading plan.
  4. dbphoenix

    Losing money consistently

    Pretty much. Why don't we see where you are next April?
  5. dbphoenix

    Losing money consistently

    Gambler's Anonymous.
  6. dbphoenix

    Losing money consistently

    Even if they erase all the losses, you haven't made enough to pay your living expenses for May. And since you haven't provided your trading plan, there's no evidence that this isn't just paper money. But the course the OP follows is his choice, which may or may not include following the...
  7. dbphoenix

    Losing money consistently

    The winrate in and of itself is insufficient. There must also be a satisfactory P:L ratio. In any event, you closed out May at a loss, irrespective of costs and commissions. I suppose one can make a living in this way, but your trading plan is clearly not "robust". Trading style is...
  8. dbphoenix

    Losing money consistently

    Only if one adopts the GA approach to trading, and that's a questionable choice for making a living. In any case, even if one could make a living off results such as these, they are unverified. Therefore, they are irrelevant. What the OP does or does do is entirely up to him, but I wouldn't...
  9. dbphoenix

    Losing money consistently

    Backtested and forwardtested and real-time tested. But the OP has chosen to "do the opposite" of what he's been doing as a means of solving his problem, so I see no point in going on with this. If he ever decides to develop a robust trading plan, I've provided one resource, earlier.
  10. dbphoenix

    Losing money consistently

    Robust trading plans. Actually one should stop after two, but, otherwise, pretty much. If one is not in synch with the market, he's going to lose. For a hobbyist, particularly one who is simtrading, this may not matter. For one who is trying to make a living at it, being in synch with the...
  11. dbphoenix

    Losing money consistently

    If the OP is successful with 30% and can tolerate deep and long losing streaks trading real money in real time, then, yes. Maybe. Otherwise, success with 30% is only theoretical and will not provide him with what he seeks.
  12. dbphoenix

    Losing money consistently

    Because you don't have a thoroughly-tested, consistently-profitable trading plan. If you did, you would not have had more than three losing trades in a row. More than that and you know that you're not in synch with the market. If you're not in synch with the market, then you're just guessing and...
  13. dbphoenix

    80% of funds underperform the market?

    Not necessarily. Perhaps a discussion of how to put together such a portfolio would generate more responses. Otherwise one is left with the usual "past performance is no guarantee of future results" dead-end.
  14. dbphoenix

    Too Many Indicators?

    Drawing a trend line along the bottoms/tops of price waves requires no mathematical manipulation whatsoever. But if you disagree, that's fine. This has been debated many times and anyone who's interested can do a search.
  15. dbphoenix

    Too Many Indicators?

    By that definition, price itself is an indicator. However, "indicator" is generally defined as something obtained from mathematical manipulation, something that requires a "setting". Trendlines, however, are just that: they track trend. All one needs is the ability to distinguish between up and...
  16. dbphoenix

    Too Many Indicators?

    All I have on mine is price. :) If one understands price movement, indicators will be of no help. If one doesn't understand price movement, indicators will be of no help.
  17. dbphoenix

    Could profitable trading cease to exist?

    Nope, that's about it. But not over a few days or weeks or months but over years.
  18. dbphoenix

    Could profitable trading cease to exist?

    The latter is pretty much a consequence of the former. And together they more or less wrap it up.
  19. dbphoenix

    Reverse Divergence

    I don't know that I would call this "hidden". The trend is over when you get the lower high. I have a pdf on using divergence in the TICKQ, but it's too big to upload here (ET still has a 1meg limit on uploads). If you prefer using something that isn't an indicator, let me know and I'll figure...
Back
Top