The Truth About Trading!

[Mtrader]

"You will never go broke taking profits" is actually the opposite of nonsense. It is a very key element of being consistently profitable...

Depends how you define it. We have a different definition I think.
What I mean is:
You have a system with a certain risk reward ratio. An average profit per trade and an average loss per trade. Your backtests tell you when to get in and to get out for optimal results.

If you don't follow your system and take profits BEFORE the system tells you to do so, you will change the risk/reward ratio, the average profit per trade, and the average loss per trade. If you have a good system this will lead to smaller profits. Smaller profits that can drag your total result in a loss.

 

[speedo]

You can't eat like a bird and shit like an elephant.

 

[MrScalper]

View attachment 174518

 

[MrScalper]

Depends how you define it. We have a different definition I think.
What I mean is:
You have a system with a certain risk reward ratio. An average profit per trade and an average loss per trade. Your backtests tell you when to get in and to get out for optimal results.

If you don't follow your system and take profits BEFORE the system tells you to do so, you will change the risk/reward ratio, the average profit per trade, and the average loss per trade. If you have a good system this will lead to smaller profits. Smaller profits that can drag your total result in a loss.

BULL!

Any person who puts forward back testing is showing what they really know about trading..very little.

When you know how to trade effectively, then you will know that the only way to make good money and keep it..is to continually take your profits..AND..your losses.

It should be obvious what one needs to do in order to make more money than you lose..if you do not know then you still have a long way to go!

Forget about gurus and self proclaimed experts..bunch of monkeys who make money from other peoples money..no matter what way the markets move!!!!

 

[MrScalper]

"You will never go broke taking profits" is actually the opposite of nonsense. It is a very key element of being consistently profitable...

As mentioned, you are wasting your time trying to tell any other person what you have discovered.

Do not even think about it..just continue to show yourself how silly and ridiculous most people are.

Backtesting, what a joke!

Gurus and experts..an even bigger joke!!

You said something in a previous post that I bet no one has latched onto..to me it shows that you have discovered what it really takes to make consistent profits when you trade.

The funny thing is..you and I know how simple it really is..so simple that no one will believe it..which is exactly why it works

 

[Vindago]

As mentioned, you are wasting your time trying to tell any other person what you have discovered.

Do not even think about it..just continue to show yourself how silly and ridiculous most people are.

Backtesting, what a joke!

Gurus and experts..an even bigger joke!!

You said something in a previous post that I bet no one has latched onto..to me it shows that you have discovered what it really takes to make consistent profits when you trade.

The funny thing is..you and I know how simple it really is..so simple that no one will believe it..which is exactly why it works

Yes, I guess it is funny like that, as someone said a long time ago in a different thread, "I could describe the Obvious in simple words and it would make no difference to the vast majority" as people tend to stay stuck into their way of thinking especially if they have been thinking that way for a long time.

Lucky for me, I met that thread as I started my trading journey, so I kind of found a shortcut to get where I am now, and boy, I am glad I did!!!

And I am forever thankful for the kindness of these few mad dogs that shared their crazy ways with riddles and, apparently, obscure suggestions...

 

[Mtrader]

When you know how to trade effectively, then you will know that the only way to make good money and keep it..is to continually take your profits..

There are many ways to take profits. I tried to show two different ways that lead to completelly different results. Apparently you are too stupid to understand what I posted.
Or you are so full of yourself that you even don't pay attention to what other people tell.
You are the one and only expert. At least that's what you think.
Less arrogance and more modesty would be appropriate.


Just a simple example to show what I meant. Taking profits (too early) can lead to blow up. You should Always follow your system.

 

[Van_der_Voort_4]

Backtesting, what a joke!

Gurus and experts..an even bigger joke!!

Can't stand the shysters,they stink like a rotten fish,talk nice as if they know anything.They say they know probabilities and is when i stop taking them seriously.

As to backtesting being a joke,it all depends what is the sauce.If you backtesting what the expert will tell you than yes is worthless.
If someone is a beginner and is backtesting than it is a valuable process.

Let's get serious here,there is no incentive to even prove you wrong,it is all about research for an edge and that edge does not just vanish just because it's a backtest.

 

[MrScalper]

There are many ways to take profits. I tried to show two different ways that lead to completelly different results. Apparently you are too stupid to understand what I posted.
Or you are so full of yourself that you even don't pay attention to what other people tell.
You are the one and only expert. At least that's what you think.
Less arrogance and more modesty would be appropriate.


Just a simple example to show what I meant. Taking profits (too early) can lead to blow up. You should Always follow your system.


View attachment 174532

And you call me a fool..now that is a real laugh

You are a clueless clown..talking about following systems and such. I bet you are an expert at back testing..LOFL

 

[MrScalper]

Can't stand the shysters,they stink like a rotten fish,talk nice as if they know anything.They say they know probabilities and is when i stop taking them seriously.

As to backtesting being a joke,it all depends what is the sauce.If you backtesting what the expert will tell you than yes is worthless.
If someone is a beginner and is backtesting than it is a valuable process.

Let's get serious here,there is no incentive to even prove you wrong,it is all about research for an edge and that edge does not just vanish just because it's a backtest.

Do not mix up back testing with forward testing..as there is a BIG difference!

In the end..it all boils down to "do you know what to do, and are you able to do it"!

You can not have one without the other for successful trading. Text book rubbish will always be text book rubbish..and this site, along with all the other related sites, will not serve most people well..as they are too gullible!