Nearly Random Entry vs a High Probability Entry

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Quote from damir00:


anybody - absolutely anybody - can pick successful entry points because almost every entry point has the potential to be a successful entry point.

there is no edge in picking entries, none whatsoever. the only edge out there is money management. . .
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This is the biggest flaw in your argument; yes, it may seem like many times a random entry can lead to a large profit, but that only works if money management is totally ignored. Buy randomly, set your stop loss at 20 points and target .5 point, you will find that your success rate in profitable trades will be rather high :).

The whole point about seeking proper entries is limiting risk + maximizing reward -- that is what an edge is all about.
 
Quote from damir00:



that's because you aren't listening. I DO. nitro says he's stepping up, so why are you backing down from the challenge?
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The fact that you keep challenging people demonstrates that you have no idea what's being discussed.

It's not about which type of entry makes the most money.

It's about random entry vs entry with intent.

I'm looking forward to your definition of "random".
 
Quote from damir00:



you're in good company, 95% of ET claims the same.

so you willing to accept the challenge? nitro said he would, but db is cowarding-out as fast as he can type, so there's definetely room for one more.

you up to it?
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i'm not going to waste my time with some silly contest. when you know, and know that you know, it doesn't matter what anyone else thinks. i don't really care if you believe me or not. some entries ARE better than others and i know this.

i will leave you with a link:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=19280
 
of course, real money if you like, i already said i accept.

YM, 1 trade a day, you pick my entry point and long/short by whatever means you like, i pick my position size and exit point, ie the money management portion.

you choose your own entry, exit, size based on whatever methodology you like, and of course, you are under no obligation to reveal the methodology.

and we both post the trades in realtime right here, on this thread, where everyone can easily monitor them and they can become part of the permanent ET record.

however it turns out, i want you to know i respect your willingness to put it on the line like this. that takes courage sorely lacking among most of the paper tigers here.

ps i already trader live realtime in #indexfutures and i log trades here in realtime.

Quote from nitro:

Well, I added that it would have to be with REAL money. There is little point to doing it without it, IMHO.

However, if you want to enter your trades in realtime in the chatroom to give it more validity than just a journal, I am there most every day.

nitro
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Quote from Gordon Gekko:

i'm not going to waste my time with some silly contest.
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no worries, mate, nobody expected you to step up. you do talk a good show, though.
 
Quote from dbphoenix:

It's not about which type of entry makes the most money.
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congratulations, you just made the dumbest post ever. if it's not about extracting the most coin from the market, THEN WHAT IS IT ABOUT?
 
Quote from damir00:


if you'd bothered to do the slightest bit of research you'd have discovered i've been doing exactly that for months.
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My memory is that the qwikpop method was the basis for trades in the journal that you posted. Is this not correct? Or is the Qwikpop method a random entry method?

Were those results posted in the journal posted in realtime? That to me is the lynchpin of this whole deal.
 
Quote from dbphoenix:

I'm looking forward to your definition of "random".
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i am SO confident you will get completely whooped i don't even care, you have *complete* discretion on not only defining random, but defining my entry price AND short/long. just like nitro.

if you cannot beat a system playing with that level of "handicap" you have no edge, period.

you ready to step up?
 
Quote from damir00:

congratulations, you just made the dumbest post ever. if it's not about extracting the most coin from the market, THEN WHAT IS IT ABOUT?
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It's about the contentions that you made in your first post. Can you find it by yourself?

As for your challenge, if nitro picks your entry point and whether you should go long or short, it's not a random entry.
 
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