Probably when this measures out.
A Picture is worth a thousand words....
- Thread starter Trend Fader
- Start date
Probably when this measures out.
Ok.. that was easy to say... you made valid points. But talk is cheap! So since you're "amazed at the crap your read on ET" why not enlighten some of us with a few examples of your recent successful trades/positions... to back up your words.
thanks
Ice
p.s. I do agree with you about keeping it simple, and have said so many times... to new traders. And further agree that some here are way too esoteric; but that's what makes life and trading interesting... diff strokes for diff folks!
that coin toss chart is a good example of how charts alone are not the holy grail, however there is no holy grail. Also, you have to assume that the markets are totally efficient ( pretty much refuted by value investing, fraud, the internet bubble, etc. ). Also you have to assume that market events fit a normal bell curve ( proven false ). So, its a good academic example to keep people from being overly confident in charts, but thats it.
My point is that regardless whether the market is random or not... trends do exist.
The simplest methods can be used to capture a piece of the trend. Of course proper money management and position sizing are imperative... as far as trading a system... the ones that are simplest tend to be in favor of trend following.
--MIKE
The simplest methods can be used to capture a piece of the trend. Of course proper money management and position sizing are imperative... as far as trading a system... the ones that are simplest tend to be in favor of trend following.
--MIKE