Best and worst influences on my P&L over the last 10 years

[trd]

Quote from trendlover:
Cutten, you have read Winner Take All, William Gallacher?
If you read, what is your opinion?

"
Here's the jist of Gallacher's discussion:
* Fundamentals rule the day - technical analysis by itself is worthless.
* That being said, you need some technical entry and exit system to support your trading system.
* All technical only systems are pure crap - Fibonacci, Gann, etc are great only when applied to historical data.
* Risk management is very important so that you don't go bust - he lists suggested position sizes for various situations.
* Your entry/exit system does not matter, as long as it's consistent. Gallacher employs a 10-day breakout entry and exit in his text.
"

 

[trendlover]

Quote from trd:

"
Here's the jist of Gallacher's discussion:
* Fundamentals rule the day - technical analysis by itself is worthless.
* That being said, you need some technical entry and exit system to support your trading system.
* All technical only systems are pure crap - Fibonacci, Gann, etc are great only when applied to historical data.
* Risk management is very important so that you don't go bust - he lists suggested position sizes for various situations.
* Your entry/exit system does not matter, as long as it's consistent. Gallacher employs a 10-day breakout entry and exit in his text.
"

Thank you. So he is hybrid, not all trend trading, not all fundamentals.