Almost everything works...

Quote from icarus618:

Of course noTHING "works." It is the person using the thing who works. This is not to say that any thing is as good to use as any other thing or that what is best to use is based on the trader's "personality." People who think that way have yet to hone (iteratively refine) a great method that they completely trust. Complete trust is not an easy thing to come by. The process of arriving at such a method does discard a lot of fluff that's held out to the public as viable. There is no secret, but to most people it might as well be a secret because what it takes to extract will remain a mystery to them.
More...

the secret:
cut losses quick, let winners run. all else follows.

when i am on right side, i know it rather quickly.

i just let it ride.

on the great trades, price always go further than i predict.
 
Quote from KastyG:

the secret:
cut losses quick, let winners run. all else follows.

when i am on right side, i know it rather quickly.

i just let it ride.

on the great trades, price always go further than i predict.
More...

Brilliant insights that apparently are hard for many to accept.

Most methods will work in one particular type of market. They will lose in others. For example, buying breakouts or new yearly highs in stocks will work in an all-out bull market. It will destroy you in a down market or range bound market.
 
Quote from danielc1:

I find something amusing, but I'm also puzzled about it... Most things on this site is about how nothing works and that the majority of people lose their money in trading. I have seen many, many methods of trading. You know what I find out? Most of the stuff out there that is public knowledge works very well. Darvas, Gann, Krauz, Kase, Curtis, Cooper, Tharp, Douglas, Elder and so on, have shared some ideas that work.

I think that the reason why the majority of people lose their money in trading has nothing to do with trading but in why they trade. Maybe people trade to lose and not to win money. Winning money does not solve internal struggles, losing does... because it requires change. Change of words, change of thinking, change of feelings, change of being...

So it is not the method of trading that people see or use that causes losing, it is the people their innerselfs, that is causing this...

I'm wondering who share this believe on this site. Then I can put everybody else on 'ignore'

:D
More...


Most people on this board would fuck everything up even if they received a set of instructions from George Soros. That's the way some men and women are unfortunately. There is a thread "Battle for survival" (LOL) around here that chronicles this phenomenon live, if you want to check it out.

(and NO, they wouldnt fuck it up because soros is a jackass. Its becuase youre fucking stupid.)
 
Quote from KastyG:

This is not entirely true.

For weight loss only two methods work, eat less calories or burn more while maintaining calories.

Does all of successful trading come down to one of two possibilities?
More...
Quote from KastyG:

the secret:
cut losses quick, let winners run. all else follows.
More...

I suppose you have to do two things in trading.
:) :)
 
Quote from AAAintheBeltway:

Brilliant insights that apparently are hard for many to accept.

Most methods will work in one particular type of market. They will lose in others. For example, buying breakouts or new yearly highs in stocks will work in an all-out bull market. It will destroy you in a down market or range bound market.
More...

cutting losses short, and letting winners run works in all markets.

losses get cut shorter when range bound, and winners don't run as far.

the concept remains, valid still

edit: allow me to clarify, range bound is different than choppy. With choppy you take your comeuppances.. till the trend emerges ...it always has...let it run

unless you're HFT, then the bounds of sane trading are
breached..no such thing as a trend or range or chop.

all reality is reduced to a series of 0000 & 111's :mad:
 
Quote from AAAintheBeltway:

Brilliant insights that apparently are hard for many to accept.

Most methods will work in one particular type of market. They will lose in others. For example, buying breakouts or new yearly highs in stocks will work in an all-out bull market. It will destroy you in a down market or range bound market.
More...

Is "buying breakouts" really a method? Do you really need a method to buy a new yearly high?

If buying breakouts will work in a bull market and "destroy you in a down or range bound market," then maybe the method should deal with when you should be buying breakouts and new yearly highs. In other words, the method is what allows you to discern when you are in a bull versus down or range bound market.


Regarding brilliant trading insights:

Everyone knows and can easily accept cutting losses short and letting profits run. The hard part is in doing it. Why? Because it is unclear to people what constitutes a "loss" to cut short and a "profit" to let run and for how far.

If I enter the ES long and the trade immediately goes 2 ticks against me is that a loss to cut short? Yes? No? Maybe? If yes, do I cut it short ASAP or do I wait to see if it comes back 2 ticks to my entry or even a tick in my favor as it does MOST OF THE TIME. And if I wait and the trade comes back +1 tick in my favor is that a profit I should let run? Would it be a mistake to cut the trade for +1 even though initially it was -2 and I wanted to cut my loss short? What if the trade started out +1 and then went to -2? If you don't like using ticks in the example, substitute in points.

Reciting adages is easy: Sell higher than you bought. Buy lower than you sold. Well, okay, but how do I know it's going higher or lower or just staying flat? If I knew that I wouldn't need a method.
 
Quote from icarus618:

Is "buying breakouts" really a method?
More...

Great point! You cut right to chase! That's no "method", that's a reckless gamble at best.

Thanks for your clarification, you summed it in a few

a "method" is not anything that comes to the mind, and is applied without forethought

when you think about it's pretty stupid to buy any random breakout, the obvious is fade it

and thats why most fail:cool:
 
Quote from satchel:

Reckless gamble?

New all-time highs are to be bought on breakouts - one of Livermore's rules.
More...

Isn't it common knowledge that most breakouts fail?

Then, why buy one on that basis alone?
 
You must log in or register to reply here.
Back
Top