Breaking news: Niederhoffer still in business after market correction!

Quote from Reckoner:

IF you test any kind of system (which I figure you don't) you'd see that stop losses invariably limit performance. I don't see why you're taking it personally, it's just reality. And I wasn't discussing VN/naked puts etc, I was discussing your apparent insistence that stop losses are the only way and that anyone who doesn't use them is a fool.

An absence of stop losses is not the reason traders go under. Try 'too much leverage' or 'death of a thousand cuts' (ie the USE of stop losses gradually eroding someone's capital by giving them a DEMONSTRABLY LOSING METHOD) and you'll be a lot closer to the truth.
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nice post, reckoner. nice to see a thinking trader on this thread, among the parrots.

surfer:)
 
Quote from smilingsynic:

Once again, you are making claims that you have not supported with evidence.

Now how would YOU know how I test? You state that "I ain't [sic] testing properly," but how do you KNOW that?

Are you saying that using stops ALWAYS makes a system less effective?
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yes. fixed stops make any system less effective.

because thousands upon thousands of tests have been performed that justify reckoner's position. the static nature of fixed stops when applied to a dynamic enviroment hurts rather than helps the trader. HOWEVER, fixed stops to help support the markets infrastructure hence their support among almost everyone involved in feeding off of the markets structure.

surfer
 
Quote from marketsurfer:

yes. fixed stops make any system less effective.

because thousands upon thousands of tests have been performed that justify reckoner's position. the static nature of fixed stops when applied to a dynamic enviroment hurts rather than helps the trader. HOWEVER, fixed stops to help support the markets infrastructure hence their support among almost everyone involved in feeding off of the markets structure.

surfer
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There are different kinds of stops: dynamic, fixed, time.

Fixed stops are among the least effective stops I have seen through testing.

Volatility based stops, tested historically, have tested better.

Still, that does not change my still unrefuted contention: stops sometimes work, sometimes not. IT DEPENDS.
 
Quote from marketsurfer:

nice post, reckoner. nice to see a thinking trader on this thread, among the parrots.

surfer:)
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Whom exactly am I "parroting"?

Ad hom--weak argumentation.
 
Looks like Marketsurfer had some catching up to do. Must be a bitch trying to manage "pinkbunny", "reckoner", "exodus", "jimmyjam" all at once. Guy probably has a spreadsheet to track all the passwords for the other 20+ aliases of his.

Why bother arguing with this nutcase.
 
Quote from smilingsynic:

Whom exactly am I "parroting"?

Ad hom--weak argumentation.
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you parrot tradings accepted wisdom. its written all over your posts. no offense meant.

surfer:)

ps. i do apprieciate your handle. does it come from the original cynics?
 
Quote from der_kommissar:

Looks like Marketsurfer had some catching up to do. Must be a bitch trying to manage "pinkbunny", "reckoner", "exodus", "jimmyjam" all at once. Guy probably has a spreadsheet to track all the passwords for the other 20+ aliases of his.

Why bother arguing with this nutcase.
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do you seriously believe i am all those people? don't worry, i am not looking in your window also!

get real,

surfer:confused:
 
Quote from marketsurfer:

you parrot tradings accepted wisdom. its written all over your posts. no offense meant.

surfer:)

ps. i do apprieciate your handle. does it come from the original cynics?
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Define "traditional wisdom."

You keep avoiding the questions/arguments I offer, instead choosing to throw out condescending labels.

If your arguments were so strong, you would not have to resort to cheap tricks.

SmilingSynic=happy skeptic. I value rigor, yet try to avoid taking things too seriously. Life is too short.

:-)
 
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