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The Aztecs would love AAA.

Re your previous post, I don't know if LTCM traded PA or not. I don't know whether or not they had any "edge". Without knowing their plan, it's all guess work, as are all threads like this, now and in the past. But as for this post, yes. To suggest that risk and capital management are all there...

It's unlikely that LTCM was using a price action strategy. In any case, as I've said (repeatedly), the system must be thoroughly tested and consistently profitable to begin with. But the trader also has to implement it religiously. The system itself may be self-correcting and self-adapting, but...

B. That's the upside -- or downside depending on how one looks at it -- of being an American.

A price action system cannot fail as it is self-correcting and self-adapting. Whether or not one has the discipline to follow it or any other system is another matter. As for proof of one sort or another, that will come from something considerably more rigorous than message board posts. But I...

Sophisticated doesn't mean superior. If you don't know what it was, you're not in a position to comment on it.

There's a long-time ET member who is, or was, highly respected. Tons of followers. Made great "calls". But it turned out that he'd been trading only paper all that time. So the net benefit to him was zip. As for not liking BS's trading, I couldn't care less. What I object to is his boorish...

True. If the plan is robust, a high win rate is a nearly unavoidable consequence since the trader won't be taking any trades that aren't part of his plan. Seeking a "high win rate" without regard for the P:L is suicidal.

What was their plan?

This isn't difficult. Ask your mother to explain it to you.

It has nothing to do with "narrowed down definitions". It has to do with the kind of business one is engaged in. A massage therapist who serves the public would not be entitled to refuse to massage a negro, either. If the therapist serves orgies, then the therapist must serve all orgies. If...

If you are a "professional" massage therapist who caters to orgies in general, then yes. If you don't cater to orgies as part of your business, then no.

The Republican Party.

. It's not about "homos". It's about discrimination,to which those groups I quoted object. As for compulsion, apparently you didn't read the legal opinions I quoted. As for common carrier, public is public. There are no degrees of "public". If you serve the public, you must obey the law. If...

Like they're difficult to find?

If it has been thoroughly tested and it is and has been consistently profitable and they have the discipline to follow it, then there is no chance that they will "wipe" their accounts. Given that so few "traders" have plans to begin with, and given how many fewer have plans that are thoroughly...

In Reynolds v. United States (1878), the Supreme Court found that while laws cannot interfere with religious belief and opinions, laws can be made to regulate some religious practices (e.g., human sacrifices, and the Hindu practice of suttee). The Court stated that to rule otherwise, "would be...

The dispute has to do with discriminating against others on the basis of an alleged religious belief. Groups other than gays see that. Hence the objections. One can come up with all sorts of religious rationalizations for refusing to follow the law. And many have. Running a business is exactly...

They have thoroughly-tested and consistently-profitable trading plans and the discipline to follow them. Their trading plans are not based on chance.

The Foresight chart may be found here. An understanding of price behavior can also help you avoid trading on days when there's really no point in doing so. Was there a short at 20? Yes. But that was really about it unless one just loves trading chop. Others may of course disagree. And...