Nothing Works!

speedo said:
The issue may be the posters understanding of the word scalp. To most traders, it refers to clipping one to a small handful of ticks on a futures or cents on a stock. Trying to do that on a five minute chart would be like trying to saw wood with a hammer.
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Not too long ago I was in a heated debate with someone that stated he scalps via the 1 hour chart. :D

More strange, he can not figure out why it doesn't work like that and he too stated he's tried many systems...nothing works. :rolleyes:

wrbtrader
 
speedo said:
There ya have it folks, bozo888's secret to success, Don't be disciplined, don't manage risk, lose big when you can lose small and vice versa. Be a mindless troll like bozo and start picking out your Lambo color.
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either you were joking, which would be cool.... or if you were serious then clearly you lack the basic logic needed for trading.

something not equal 'A' does not mean something equals the opposite of 'A'.
 
dozu888 said:
it were only this easy - back test thru some data, find a winning system, be very disciplined, use real money and make a bunch.... financial freedom!
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You sounded just like the trading informercials I watched in the middle of the night when I couldn't sleep, except you forgot the part about sending in $799 to lock in a special discount price. :D
 
The Intentional Definition per Brooks (not his term) :

Swing: 2R+ goal
Scalp: 1R goal // if memory serves​
 
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dozu888 said:
people finally realize that trading is not about 'having discipline', and managing risk' ...
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Well, actually, having discipline and managing risk is precisely what good trading is about.
 
none4425 said:
I've run backtests on multiple systems for scalping the 5 min.
On 8 months of data simulating around 1000-5000 trades.
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No kidding. Can you provide any logical reason why everyone who runs a few thousand backtests should be able to beat you and take your money? Or maybe that’s what everyone already did?

Re:
“
Where is the best place to go and look for an edge in scalping? The 4 hour+ time frames seem pretty easy to beat since you can just do a trend following system and it will have a 5-20% edge but the downside being you can only make 5-15 trades a month. Even on a 20% edge, it will hardly deliver consistent results.
“

Interesting. So what’s the reason anyone should tell you how you can tap into their own profits and beat everyone else? Wouldn’t this be same as asking someone to just give you money?

And once/if you find an edge, are you going to run back here and tell everyone how they can beat you so that your edge is no longer an edge?

Or what’s your definition of an “edge”?
 
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lindq said:
Well, actually, having discipline and managing risk is precisely what good trading is about.
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lol... first of all, this front page - 'nothing works'.. 'virtually impossible'... the discipline part is easy, the education system is built to teach every kid obey the rules get good grades get good job...

problem is most people just keep flipping that non-weighted dice/coin in a very disciplined way and they keep wonder why they can't make a cent, except generating bunch of commission for the broker.

my thread 'trading is easy'..... all about market logic, no component about discipline/risk management.. why? once someone understands how the market works, the bad moves naturally disappear because they are illogical.

why is it so hard for many to understand? trading random noise with 'great discipline and risk management' is still trading random noise, die by a thousand cuts (slippage and comm).
 
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