do you worry your method will stop working?
- Thread starter chipmunk
- Start date
If you found one profitable system, you can find another.
http://www.youtube.com/watch?v=yjnvSQuv-H4
http://www.youtube.com/watch?v=yjnvSQuv-H4
The market has always made sporatic "shifts". That's why an investor can go along for quite a while having success, then have trouble and not have changed his behavior.
When things are working, you need to make something of it. Then be on the look-out for when that no longer works and you have to "go back to the drawing board". It has always been thus.
When things are working, you need to make something of it. Then be on the look-out for when that no longer works and you have to "go back to the drawing board". It has always been thus.
You probably need at least 2 kinds of systems: a trend following system and a mean reversion system.
At least you'd be covered for the 2 main market conditions: trending and chop.
At least you'd be covered for the 2 main market conditions: trending and chop.
I worry about this constantly. When sh!t gets choppy and unreadable I think to myself, "is the party over?" I have no intentions of going back to grind and have learned that patience, whether for a day, a month, or many months, is something that must be learned and constantly applied. If stuff isn't working, stop and be ready to not make money for a bit.
My boss has been a scalper / day trader for 25 years. Everytime the market changes, he tells me, "they will be back." So far for the past 9 years, he has been right.
My boss has been a scalper / day trader for 25 years. Everytime the market changes, he tells me, "they will be back." So far for the past 9 years, he has been right.