Has anyone seen a study or something relating to someone just reversing the trades of a novice trader? A real study in which the novice didn't know about the study, had no limits, etc.
Thanks dudes.
What's the difference? It's just a numbers game. If your target is smaller than your stop, you'll have higher winning percentage. Vice versa for the opposite. Not saying I agree with the method though.
Yes, I'm tending to agree with this. However, a few years of profitability is all I need in a daytrading system. The long term systems risk both money and time. You need to wait so long to figure out it's not working anymore. This game hurts my head.
Perhaps people sell systems that end up working out. I don't know what aberration is and I haven't looked at it, but my guess is that it had a drawdown somehere along the line that would wipe most of its traders out. So even if it was profitable over a 10 year period, it was basically not...
But the question is not why do people sell systems, that answer is pretty obvious. The question is why would someone sell a system that is "that good." - the orignal poster's point
"the person who tries to day trade at least once every day, and perhaps even more often, is doomed to failure"
http://www.rb-trading.com/article10.html
Nothing new, but interesting read.
Let me throw another analogy your way: Ryan Jones is like Donald Trump.
Donald Trump is a real estate billionaire but he sells some pretty ridiculous how-to books. You probably won't be hearing "Donald Trump isn't successful in real estate because he's selling how to get rich in real estate...
Those who can do, do, and some also teach for the extra income.
As we all know, trading doesn't always bring consistent and steady profit.
I see many actors pushing products. I see Michael Jordan pushing nike. Extra income.