POLL: If you were improving your method, would you seek more setups or fewer of them?

If you were improving your method, would you seek more setups or fewer of them?

  • More setups

    Votes: 15 28.3%

  • Fewer setups

    Votes: 38 71.7%
  • Total voters
    53
Quote from vikana:

I'd say you want to modify the system in whatever way produces better internal system statistics: total profit, profit/trade, profit/share, profit/drawdown, win ratio, etc.
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Yes, but that's an even more general answer than my question, which has already been criticized as being too general.
 
Quote from Gabfly1:

As I see it, all else being equal, seeking to adjust a method to recognize fewer setups is somewhat like tightening your game, whereas seeking to adjust that method to recognize more setups is akin to loosening your game. The tradeoff, therefore, is between the fear of missing out and the fear of losing.
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This has to be one of the dumbest f%&*$%* questions in the history of ET, and that is saying alot. Then you actually have the audacity to go after people who respond to you....

"All else being equal," with a profitable method, obviously you want to take as many setups as possible, a 60/40 edge is a 60/40 edge no matter how many set ups you take, and the only way to make more money from it is to keep taking as many setups as possible, When I realise it is people like you who are fighting with the market taking the other side of my trades, i sometimes question my own intelligence for not already being a billionare.....Why would you even ask something this stupid?

You call recognising fewer setups intentionally "tightening," Why in the hell would someone intentionally try to take less setups if they had a system which is profitable, thats like the black jack dealer at a casino putting a limit on the number of hands he allows customers to play. This is not called tightening, i believe it is actually called "being retarded," that is just a technical term though, tightening is lowering share size, not taking less setups.

Why do you think that for the most part the good traders who automate kill the good ones who dont?(in terms of PNL)

Hmmmmm let me think about this "all else being equal if i had a 60/40 edge would i rather "Tighten" my game (in your words) and just trade it less, or trade it as many times as possible.... tough choice.....

If you need to ask a question as simple as this you dont belong in the market, period. I suspect you are just trolling though, and starting a thread in the trading section so you get more people you can act like a total douchebag towards.

The scarier thing then the original question is the fact the poll is skewed 65% in favour of less setups, LOL!!!!!
 
Quote from tomdavis:

I want more trades if it puts more money in my bank account each week.

I want fewer trades if it puts more money in my bank account each week.

I want more flowers in my garden if it puts more money in my bank account each week.

I want fewer flowers in my garden if it puts more money in my bank account each week.
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PERZACTLY !

Keep the rose garden. Send money :)
 
Quote from Gabfly1:

Clearly, I am focusing on setups. How remarkable and outstanding that you would suggest profitable trading is not limited to setups. However, this thread is. If this thread had indeed been about setups, trade management and exits, then any information to be gathered from such a poll would be that much more obscured. However, I was curious about current sentiment regarding setup frequency in the current market. Thus my poll. Perhaps you should conduct your own poll and fill in the blanks. Or, you can continue to pontificate knowingly from your perch.
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The goal is to increase account value. Does it really matter how many trades it takes to get there?
 
Quote from spindr0:

The goal is to increase account value. Does it really matter how many trades it takes to get there?
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This concept is lost on paper trading wanna be's like Gabfly1, as he can just hit the reset button on the simulator everytime a big one goes against him.
 
Quote from Hello:

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This concept is lost on paper trading wanna be's like Gabfly1, as he can just hit the reset button on the simulator everytime a big one goes against him.
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I wonder how you could possibly make that assumption ?

I have read several of gabby's remarks regarding trading and it is my impression that he respects the art and craft of trading.

Now, if you would like to talk about his politics :)
 
Quote from Barth Vader:

I wonder how you could possibly make that assumption ?

I have read several of gabby's remarks regarding trading and it is my impression that he respects the art and craft of trading.

Now, if you would like to talk about his politics :)
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What he said. Especially about the politics. :)
 
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