Quote from VOLUME:
Q---How do you do it????
A---By holding your losers forever.
It's not 'ET's sacred rule'. Stop losses are a widely acknowledged and proven trading precept born out of decades of many traders' successful methodologies.Quote from mrmarket:
So please tell me...I blatantly violate your sacred rule of cutting losses yet I continue to make money....why would I want to do anything differently? [/B]
Quote from gms:
It's not 'ET's sacred rule'. Stop losses are a widely acknowledged and proven trading precept born out of decades of many traders' successful methodologies.
The reason, or reasons, you'd want to do things differently, regardless of whether you use stops or not, is because your method ties up capital which creates unseen costs in the way of lost opportunities or conversely, in acquisition of new funds for new opportunities.
Another reason would be that 12.6 percent on average returns per trade taking a few months to a few years to achieve could be improved upon. There are a few other reasons I can think of as well.
These factors are being cited to you, though not as often as you keep mentioning your alleged stats in dual threads, but for some reason you wish everyone to hold your stats in the same regard you do, while you seemingly never deal with regarding these other factors in the same regard as they do.
Quote from mrmarket:
To be honest, all I often see criticism of my method that makes a lot of money by people who don't post their trades for others to see.
Teddy Roosevelt did say it better than I could:
"It is not the critic who counts, not the man who points out how the strong man stumbled, or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes short again and again, who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause, who at best knows achievement and who at the worst if he fails at least fails while daring greatly so that his place shall never be with those cold and timid souls who know neither victory nor defeat."
Quote from kgharris:
Mr. Market-
More power to you, and thanks for posting. You have had some good trades, and I even participated in one (it met my technical criteria).
My only question is - do you know your monthly/annual return? I know your return per trade - but, have you ever put it in a time format instead of an individual trade format. IE - you are averaging 25% per quarter, 100% per year, or whatever.
Keep them coming!
Quote from mrmarket:
Yes I do know it, but it is so ridiculously high that no one would believe me....and if I did post it here, someone would complain that I'm grandstanding and hogging bandwidth and then my ID would be suspended.
You wrote that you were looking for comments, not others' trades. Here's my current holdings:Quote from mrmarket:
To be honest, all I often see criticism of my method that makes a lot of money by people who don't post their trades for others to see.
Quote from mrmarket:
Yes I do know it, but it is so ridiculously high that no one would believe me....and if I did post it here, someone would complain that I'm grandstanding and hogging bandwidth and then my ID would be suspended.
Quote from Grob109:
He has designed a system to do 15 streams of capital where he holds for 4 to 6 weeks to make 15% per hold cycle.
This makes about 400% a year.
All he needs to do is keep the streams perking away just like Roosevelt says.
There is a small catch in his design though. He uses a restart strategy occasionally. Prestarts are preceded by periods of no picks these days. It used to be that he picked and added a money stream. By going from 2 to 4 to more and more, he finally got to a refined level of 15 streams and a restart technique.
Currently his pace of picks has slowed to one every 14 days. This is somewhat slower than the pace required to do 150 picks a year to cover the 15 streams 10 cycles (4 to 6 weeks per cycle).
If he keeps this up for a month or so, he will have to shorten the hold period or make more money per cycle to stay on pace.
DHI (10 to 12 NOV) is the last pick, he has published here. I am sure there are others elsewhere that are rolling along. We just have not heard of them as yet or he is about 8 behind schedule so far for November.
We all will know soon enough.