Our 400,000 Trade Test Proves Using Stops Is Not Very Bright

botpro said:
destriero, when do you intend to pay the money you owe surf?
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I think you missed it. He wouldn't provide the screenshot, so he lost the $1K bet to me. So I baited him with the $10K.

So in answer you your question; never.
 
destriero said:
I think you missed it. He wouldn't provide the screenshot, so he lost the $1K bet to me. So I baited him with the $10K.

So in answer you your question; never.
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I don't know the details of the bet between you and surf, but I just wonder: is it not clearly provable with the official market data?
 
marketsurfer said:
This is the results of 400,000 tested trades--- like it or not, it is the facts-- don't believe it? If you got the data, run the test yourself---so you either listen to quantitative facts or continue to go by "feelings" and old wives tales about the market.


Stops are an integral part of most stock trader’s arsenal. Many consider it foolhardy and naïve to trade without a fixed stop in place prior to entering a position.

As with most of the conventional market wisdom, these feelings do not hold up to vigorous testing. We have run 100’s of tests have that have proven fixed stops actually hurt the performance of any trading system.

One example took all shares trading above their 200 day Simple Moving Average closing at its 10 day low. The trade would be exited on a close above its 10 day Simple Moving Average or when a stop is hit at a variety of percentage points below the entry.

Out of nearly 400,000 tested trades, stops hurt the performance of the system. In fact, the tighter the stop, the worse the performance. Even stops as wide as 50% away from the entry dampened the systems returns. Of course there are psychological benefits to using fixed stops but at the expense of profit. Dropping the fixed stops is a sure way to improve the results of your trading system.
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The answer is simple, in that, those of whom you speak, including yourself, do not have the first clue about trading:D

J_S
 
dratsum said:
When u sample the data what is the size of the smallest historical period sampled?
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Looks like we've gone way off topic in what appears to be a circus now. When, what, and how to sample are core elements of my method that took many hours (and dollars) to develop. The selection process also involves discretion. After that it's just plug and play. I hope this helps answer your question.

I'm done posting in this thread
 
botpro said:
Stops are cheap profit for some brokers...
Never use stop orders.
Fire a close order only if its time has come...
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You also show what little you know about trading:rolleyes:

I think you should marry the surf monkey:D

It is egits like ye that cost gullible people money:finger:

J_S
 
destriero said:
The first wager was for $1,000, numbnuts. You failed to provide the $-risk. A couple of hours later you posted the screenshot for the $93 figure. I missed it and baited you with the $10,000 stating that you had not posted the dollar-risk figure on the digital.

I had missed your post but it was irrelevant. Refusing to provide proof, as you had by simply posting 23.25/100.00, forced you to lose the $1,000 wager. I couldn't get you to provide the screenshot so I upped it to $10,000. Make it $1,000,000,000,000,000,000.00. It's moot. You're not allowed (as you've stated) "unlimited time" to proof your wager. Two hours? Sorry!
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Time has nothing to do with it.

Yeah, u made a mistake on missing the screen shot-- and u lost. But i never asked for the $10k.

Just pay the $1000 that i won fair and square. I paid u immediately when i lost a bet to u.
 
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