Yannis,
yes, my exits have more intelligence than the entries as well.
I contend that entries are important. not more important than exits. the debate is endless considering other details and views of the market.
Personally I trade a market making style. Entries are pretty underrated in that mode, but not random (there is impact on inventory, so it's important). the exits are always the most important factor of any trading strategy, discretionary or not. we agree on that.
If you would follow my trading, one might think the entries are random. There are numerous and with a steady pace.
however, they aren't random.
that's really the only part were we have a small friction in this thread (other threads were large battlegrounds with believers and not believers).
so maybe it's a definition issue. I mentioned what I really call a random entry.
I don't know many working systems. I know even fewer (none, but maybe they exist) with truely random entries with advanced exits making the system profitable.
and if they existed we would know little about them because it's a kind of holy grail imho.
on the other hand, I, with other traders trading the same way I do, we are the closest to apparently random entries (even though I don't see them as random).
true volatility traders and market makers, we are like that : seemingly random since we follow the stream.
we have more common ground in our posts than you seem to imply Yannis.
as you wrote, this is not beginners stuff. it's actually the most difficult trading style I think when you try to get there (the easiest once there!)
tntneo
yes, my exits have more intelligence than the entries as well.
I contend that entries are important. not more important than exits. the debate is endless considering other details and views of the market.
Personally I trade a market making style. Entries are pretty underrated in that mode, but not random (there is impact on inventory, so it's important). the exits are always the most important factor of any trading strategy, discretionary or not. we agree on that.
If you would follow my trading, one might think the entries are random. There are numerous and with a steady pace.
however, they aren't random.
that's really the only part were we have a small friction in this thread (other threads were large battlegrounds with believers and not believers).
so maybe it's a definition issue. I mentioned what I really call a random entry.
I don't know many working systems. I know even fewer (none, but maybe they exist) with truely random entries with advanced exits making the system profitable.
and if they existed we would know little about them because it's a kind of holy grail imho.
on the other hand, I, with other traders trading the same way I do, we are the closest to apparently random entries (even though I don't see them as random).
true volatility traders and market makers, we are like that : seemingly random since we follow the stream.
we have more common ground in our posts than you seem to imply Yannis.
as you wrote, this is not beginners stuff. it's actually the most difficult trading style I think when you try to get there (the easiest once there!)
tntneo
