Huge majority of you here are losers? Agree?

For me, it was really a process of elimination. Consistently finding what did not work, scrapping it but also holding on to what kinda worked and then whittling away from there. If I look at my system today, I sometimes think that it's fairly simple but getting to this point was a painstaking task that I believe most wouldn't have the time or energy for. It's not that I am super intelligent or anything, it's more a function of desire and persistence and motivation.

I think that these sequences work pretty well because, within randomness (or perceived randomness), there are trends that form. Once I was able to objectively determine what a trend was, then I discovered that, more often than not, I was entering at opportune times during the pullback. Further testing revealed ways to refine my entries even more.

The whole thing is really just a step by step process. A pain in the ass with no guarantees, but a rewarding journey nonetheless.

Quote from tangentShot:

I understand that you might not want to go into details.

But why do you think certain patterns or bars work? I mean, sure one can backtest them but is there any logical explanation for selecting certain patterns of bars?

Thank you for sharing.
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Thanks for sharing! :)

Quote from Visaria:

An excellent question:

1) Being impatient, not waiting. You want to be a crocodile, wait patiently forever and then when the opportunity is there, go all in for the kill
2) day trading...bizarrely enough, i am quite a good day trader! But it tires me out and is a distraction imho to the bigger moves which take place over days. Basically ended up missing some good position trades which would have spectacular. So made chicken feed day trading and missed tens of thousands on other trades.
3) Not position sizing correctly.

Probably other reasons, but those come to mind immediately.
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I was doing similarly to what you did as well. I got to the point where after filtering all the stuff that I came across, I'm left with nothing that works.

At least now, I know what doesn't work for me.

Thank you for sharing. :)

Quote from R. Raskolnikov:

For me, it was really a process of elimination. Consistently finding what did not work, scrapping it but also holding on to what kinda worked and then whittling away from there. If I look at my system today, I sometimes think that it's fairly simple but getting to this point was a painstaking task that I believe most wouldn't have the time or energy for. It's not that I am super intelligent or anything, it's more a function of desire and persistence and motivation.

I think that these sequences work pretty well because, within randomness (or perceived randomness), there are trends that form. Once I was able to objectively determine what a trend was, then I discovered that, more often than not, I was entering at opportune times during the pullback. Further testing revealed ways to refine my entries even more.

The whole thing is really just a step by step process. A pain in the ass with no guarantees, but a rewarding journey nonetheless.
More...
 
tangentShot

Did you follow your trading plan to a reasonable degree? Doesn't matter if your plan is crappy. I followed a mostly useless trading plan for a while just as an exercise to follow it - It didn't make any money. I was just making my broker rich.

Once I got the discipline to follow my plan, I started to tweak it and it gave decent results. Still not there yet.
 
Quote from dbphoenix:

Not necessarily. I know people who've been at this for up to nine years and can barely cover expenses, and yet they are devoted to these websites.
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He asked about a "huge majority", not our individual situations. There's no possible way for anybody to know about whether is a ''huge majority", so I just poked fun at his time here as a member.
 
Quote from tangentShot:

I think winners won't bother spending time in forums. They'll most likely be riding supermodels in their spare time.
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Damn didn't know all winners are riding models.. should have started trading while I was 8.
 
Quote from di0genes:

This is where your statements become fanciful. I have met the rare trader who trades patterns that only appear several times every year got long term holds successfully. To claim you have compressed this is pure fantasy --- As everyone else would soon find the same patterns and exploit them until they don't work. Unless you are magic. Then I can't argue.
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What makes you ASSume "everybody else" has the same pattern finding ability as RR, surf?
 
Yes.

Quote from mspkash1:

tangentShot

Did you follow your trading plan to a reasonable degree? Doesn't matter if your plan is crappy. I followed a mostly useless trading plan for a while just as an exercise to follow it - It didn't make any money. I was just making my broker rich.

Once I got the discipline to follow my plan, I started to tweak it and it gave decent results. Still not there yet.
More...
 
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