Good points, same with systems that use limit orders for entries/exits. The law of demand and supply is against you if you reveal your system as then you will have to compete with some more crowd to get a fill at your limit price. But for liquid markets this is less of an issue although not to be completely neglected if you care about the psychological comfort of not being pissed off because you did not get your fill even if the market did flirt with your entry/exit price for a while. For systems that call for entries/exits by market/stop orders this is not a problem of course, although it can give you a bigger slippage on stop orders in markets that are not very liquid.
Going public with a system ruins it?
- Thread starter Martini
- Start date
Good points, same with systems that use limit orders for entries/exits. The law of demand and supply is against you if you reveal your system as then you will have to compete with some more crowd to get a fill at your limit price. But for liquid markets this is less of an issue although not to be completely neglected if you care about the psychological comfort of not being pissed off because you did not get your fill even if the market did flirt with your entry/exit price for a while. For systems that call for entries/exits by market/stop orders this is not a problem of course, although it can give you a bigger slippage on stop orders in markets that are not very liquid.
Look...the question is...
Where is the proof of performance ????
No sellers of systems can produce this...this is soooooo damn simple....
And oh yeah....one who has had success...just might want to top off their career and ego by making a few more $$ on a book...which will be about ¨the way it was¨....and not the way it is now...
Most of these folks are interested as to the why´s of people buying books, seminars, software....thus making $39 to $5000 decisions...and keeping themselves legal to collect this from you...
If anything else..do the simplest of math...
What is the return of 10 to 20 people using an effective system...if successful...this is a lot of $$$......
Look software vendors think that it is less risk for the return to sell whatever it is to wannabes....that´s the cake.....
This is like smoking...wild women...gambling...you know its bad for you...but you are going to do it anyway...and somebody is going to sell you cigarettes...why shouldn´t it be my company ???? This is what made RJ Reynolds....you can make a lot of money selling bad stuff....just another business....
Where is the proof of performance ????
No sellers of systems can produce this...this is soooooo damn simple....
And oh yeah....one who has had success...just might want to top off their career and ego by making a few more $$ on a book...which will be about ¨the way it was¨....and not the way it is now...
Most of these folks are interested as to the why´s of people buying books, seminars, software....thus making $39 to $5000 decisions...and keeping themselves legal to collect this from you...
If anything else..do the simplest of math...
What is the return of 10 to 20 people using an effective system...if successful...this is a lot of $$$......
Look software vendors think that it is less risk for the return to sell whatever it is to wannabes....that´s the cake.....
This is like smoking...wild women...gambling...you know its bad for you...but you are going to do it anyway...and somebody is going to sell you cigarettes...why shouldn´t it be my company ???? This is what made RJ Reynolds....you can make a lot of money selling bad stuff....just another business....
This cannot be said often enough or loudly enough.
Markets as we know them have been around for about 500 years, more or less continuously. It takes a pretty acute case of naivete to think you're coming up with something a million traders haven't already seen a billion times.
I have a system that has a win/loss ratio of about 95% over the past 7 years.
it trades about 15-30 times a year, single positions each time. no pyramid. accepts long and short.
Average return is 5% per trade, and average holding period is less than 3 days. Drawdown is basically nonexistent.
It works extremely well for several underlyings.
I've never looked into other systems or any commercial ones, but how much is a system like this worth?
it trades about 15-30 times a year, single positions each time. no pyramid. accepts long and short.
Average return is 5% per trade, and average holding period is less than 3 days. Drawdown is basically nonexistent.
It works extremely well for several underlyings.
I've never looked into other systems or any commercial ones, but how much is a system like this worth?
Then let us remain in disagreement. There are as many opinions about the market as there are people. Some opinions and methods are better than others. The initial post to this thread refers to a "system." A system is a complete method, which encompasses more than just trend or range identification. It refers to sizing, timing of entry and exit and so on. This goes beyond the scope of a mere "indicator." When people spend unpaid years developing and refining a complete method to trade one or more markets, it is simply counterinuitive that he should share such information in its entirety with people who have not paid him along the way. And if some smooth talking salesman has a mass produced map to sell me that locates a "secret" gold mine, I would think twice about spending the $20 that it costs, even if the vendor swears it has a $50 value.