strategy doesn't matter

[aus_SPIder]

Quote from Cheese:

No, 'discretion' does not mean 'that anyone and everyone who uses trendlines, S/R and price patterns will never get rich'. Do you begin to know what you are talking about?

Discretion is the "the power or right to decide or act according to one's own judgment; freedom of judgment or choice;" or acting "at one's option or pleasure".

Trendlines, S/R and patterns may directly or indirectly comprise one system or more than one system. I am not defining what systems or methods others use.

god your understanding has more holes than my swiss cheese.

ever considered teh fact that drawing s/r , trendlines and the like actually requires judgement i.e DISCRETION????

which is why idiots like yourself cry when they can't make money off trendlines and then say trendlines don't work

or cry when they can't make money off support/resistance and then complain the s/r doesn't work.

shit judgement = nothing works
great judgement = everything works

 

[aus_SPIder]

Quote from Cheese:

Therefore to exploit fully a market you have to trade it, Open to Close, buying the upmoves and selling the downmoves sequentially. You are then banging home each day a shitload of points with a very tight and accurate system.
[/B]

god sounds liek SCT to me! U sure ur not jack hershey's rebellious teenage son?

 

[Cheese]

Quote from aus_SPIder:

god your understanding has more holes than my swiss cheese.

ever considered teh fact that drawing s/r , trendlines and the like actually requires judgement i.e DISCRETION????

which is why idiots like yourself cry when they can't make money off trendlines and then say trendlines don't work

or cry when they can't make money off support/resistance and then complain the s/r doesn't work.

shit judgement = nothing works
great judgement = everything works

Aussie spider you are arguing about semantics. Such a treasure, making up stuff about trendlines or S/R I didn't say. Whatever it is, it doesn't work well enough for you, not surprisingly. You are a loser. You are a crybaby. You are so so far from knowing what to do and how to do it, to ever become a market winner. Now is a time for you to learn a little more, if not very much.

 

[Mikeey]

Just as an aside, I think it's important to take any strategy and realise the expectancy of success. IMO I believe this is where a lot of people go wrong. They may backtest, which is fine, but KNOW what your probability of success is for each trade BEFORE you even execute it.

I have a few strats and for one of them I know what the odds of failure are before I even enter the trade. This makes it easier for me psychologically to deal with any loss which I may encounter. If no loss, then the rest is just down to good money management and an exit strategy (God I make it sound so simple!)

My 2 cents.

Mikey.

 

[aus_SPIder]

Quote from Cheese:

Aussie spider you are arguing about semantics. Such a treasure, making up stuff about trendlines or S/R I didn't say. Whatever it is, it doesn't work well enough for you, not surprisingly. You are a loser. You are a crybaby. You are so so far from knowing what to do and how to do it, to ever become a market winner. Now is a time for you to learn a little more, if not very much.

Quote from Cheese:

Aussie spider you are arguing about semantics. Such a treasure, making up stuff about trendlines or S/R I didn't say. Whatever it is, it doesn't work well enough for you, not surprisingly. You are a loser. You are a crybaby. You are so so far from knowing what to do and how to do it, to ever become a market winner. Now is a time for you to learn a little more, if not very much.

hmm looking thru the last say 20 posts for urself cheese (most of it the most unremarkable of bullshit and fluff) i can conclude that you've indeed found the holy grail! no stop losses, stop and reverse and guess what we get all the points!!!!!

if ur a trader who has a "complete" stop/reverse methodolgy on a daily time frame then u'd be posting on trader P/L far more often which you never do.

Seriously get a life ya keyboard jockey

03-17-08 07:08 AM

No doubt anyone who doesn't really know what he is doing should use a stoploss. But there is an alternative if you use a complete methodology wherein you trade the gyrations of the market (ES,YM,CL,etc) from open to close (buying upmoves, selling downmoves) and take the signals of your system sequentially so that a separate stoploss function is not required.

 

[Cheese]

Aussie spider, how unwittingly you continue to show that you are a loser. You are lost. While it is correct that I encourage as many as possible to go where the most money can be made, I would not expect you go there.

Like so many wannabes you prefer to rot in your own BS. Go where the points can be made!

 

[aus_SPIder]

Quote from Cheese:

Aussie spider, how unwittingly you continue to show that you are a loser. You are lost. While it is correct that I encourage as many as possible to go where the most money can be made, I would not expect you go there.

Like so many wannabes you prefer to rot in your own BS. Go where the points can be made!

the points can be made on any market u idiot. u just offered nothing productive.

 

[vikana]

Quote from terminator:

THE NUMBER 1 REASON WHY NEWBIES FAIL IS INABILITY TO COMPREHEND THAT 90% OF THE PROFITS IN TRADING ARE MADE BY DISCRETION. Now i'm not talking about being a quant driven hedge fund but just a simple trader who makes money trading on his own account.

[]
The difference is discretion. They know when to step a little out of the bounds of their strategy to make extra and when to sit on the sidelines. Adaptability is the reason why their so posting such good p/l

I'd venture to say that all successful traders I know do exactly the opposite of what you propose. They have solid proven edges, take *all* trades, even when it doesn't feel right. For instance, the day after having lost mega-bucks, they get up and place the same trades again (and again and again).

They *never* concern themselves with an individual trade - rather they look at trading as a process and work to get as many trades off with a proven statical edge as possible.

IMO, learning to think and act the same way the Casinos operate, is the way to profits.

 

[Cheese]

Quote from aus_SPIder:

the points can be made on any market u idiot. u just offered nothing productive.

Get a life fuckwit. You are the usual loser who wants to stay that way.

And if as you claim "the points can be made on any market", then you need to capture them.
So get going!

 

[Szeven]

Quote from CoralReef:

hopefully one of these traders is reading this and can answer.

Do you consider your strategy all that complicated?

Yes, so complicated my mind is imploding into a singularity just thinking about the scope of its complexity!

But, in all honesty my best strategy is a combination of taking whatever trade I want for whatever reason, and when wrong, cease being wrong.