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Everybody Bullshitting.

How many trades (sample data) must a trader use while testing for edge?

Yes, nothing at all wrong with it now. The one thing automated trading taught me when I was programming and clicking backtest many times was: The bigger the sample size, the better the equity curve. It's about the number of trades, loss come and go.

RedDuke, Thank you. I agree with you fully. I look back at all the money I loss trading in the beginning and buying this trading system and joining this chat room and follow this and that person trades, I recall many traders in the paid chat room asking the trading guru "I am on a 4 losing...

qlai, I LOVE THAT quote. Damnnnnn, I love that. That's the best analogy, I ever heard as it relates to trading. This is the reason I strongly believe "NOW", building my trading skills and learning the charts and price behavior, is my number #1 challenge. That psychology stuff is for later on.

RedDuke, Thanks for responding. Just wanted to make sure someone understood me. I am awaiting your response in the other thread as well.

Yes, I do. But why not just trade with the trend? Market going up, buy upwards with it. High Probability would suggest if I buy something going up, more than likely I will win if it goes up some more. I am not sure I understand the sentiment or the allure of wanting to be a bear. When the...

Why do you want the uptrend to end?

Thanks for sharing, In my opinion, I do not see the logical reason to read Mark Douglas book if I (or a trader) have no trading skills or know how to read a chart to develop a testing trading strategy or ideas.

RedDuke, What do you mean "non of it matters, if a trader does not use model that has positive expectancy" Are you saying trader should focus on finding positive expectancy, then focus on all the discipline, confidence, psychology stuff? Should the trader focus on trading skills first?

yes indeed. If you can't beat them, join them.

Yes, indeed. "It ends when the chart says it is downtrend."

The word edge is anything that has proof of consistenly making money overtime , legally or illegally. For me, I am building my day trading edge/skill, by constantly studying and practicing trading daily and tracking the results in a spreadsheet.

d08, EXACTLY, long term investing, I don't predict, I just keep on buying.

For all of you that exited the market, when do you plan to re-enter the market? Why not just keep it simple and buy the market twice a month on pay day until you have +$1 Million in your account and then exit? It is not rocket sceince to know that market has gone one direction for the past +30...

Long and strong the stock market. I am buying more and more and more. only one way the market can go, and that is up. If it go down, I buy more and more and more. Now, that you have exited. When will you get back in.

Nice work sir, I am long and strong S&P 500. The trend is UP.

Yes sir, I buy the Vanguard S&P 500 index each time I get paid from work. Nice and simple. Trade on the side.

maxinger, I agree with you on this part. Day trading provides good chances to go long or short the futures daily. However, I will be buying SPX long whenever a pull back occurs today or tomorrow or whenever. It is tuff to be a bear long term right now.

Thank you speedo, Yes, and that is something I struggled with early. I would read things that say "your winners MUST be greater than your losers", "always seek R:R greater than 2", "Let your winners run, cut your losers short". Some from that, I would try to mimic that trading style approach...