The Winning Edge 2

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Mike,

Most of us just want to know why he sets a stop for 50% of his profit target and how he and his plan survive such math. That's all.
 
Quote from Cluseau:

Mike,

Most of us just want to know why he sets a stop for 50% of his profit target and how he and his plan survive such math. That's all.
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That's a good question. I agree with the fact that it doesn't make sense.

I wasn't trying to stop people questioning the system and the ideas behind certain trades, I just don't like seeing BS posts that have zero value.

I respect the fact that this guy puts his neck out there and follows the plan - others should as well IMO.
 
Quote from Mike805:

Like you've never sold the bottom or bought the top (sarcasm).

You sound like a loser because you should know that direction calls are ABSOLUTELY useless - it's what you do after the entry that matters. I make money trading a 30% winning system because the 3/10 winning trades pay for 20 losing ones.

Give me a break already. I bought near the top too and then reversed as we started breaking down through support. Who cares what the calls are long as the system (plan) is solid.

I'm not trying to defend this sponsor but losing is a part of trading and the guy honored his plan.

In general - all those who weren't here for this guy's journal last year should read that journal. It is average but appears profitable.

Stop being so f--king negative.
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Oh man...where do I start. Seeing how you are such an expert maybe I can learn a thing from you. Not sure how long you have been trading. I started in 1992, so have sold many bottoms and bought many tops. My point was , this guy comes on here blabbing about how he makes money...trading is easy....blah blah blah. Then he posts a trade (one before he exists...which seems to be a first) and proceeeds to get hammered. Hey...if you are gonna run your mouth and come on here trying to sell some system, expect criticism.

Now on to you. yeah...I must be some kind of loser seeing how I started before the heyday(1992).....traded through the "easy "times...and yet am still trading unlike a lot of people who got washed out from 2000-20002. How long have you been trading Mikey boy? Please tell me at least a few years. Thanks for explaining that direction calls are useless.....didnt know that. You sure know your stuff. Good luck with your ...ummm..system. 30 percent winners huh....that doesnt sound too solid as most good traders I have traded with tend to run at the lowest about a 40 to 42 percent win clip.
 
Quote from Mike805:

That's a good question. I agree with the fact that it doesn't make sense.

I wasn't trying to stop people questioning the system and the ideas behind certain trades, I just don't like seeing BS posts that have zero value.

I respect the fact that this guy puts his neck out there and follows the plan - others should as well IMO.
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I went back and read his first journal. My conodolences to anyones account who follows him. He takes loss after loss. Some times he has a decent winner and turns it into a loser. That is horrendous trading. The only good thing he does is use stops. But trying to make 12 points with a 7 point stop is a losers game. Not sure what his profit goals are....but it looks like he needs to go back in a time machine and land in 2000, because the days of pulling 15-30 point winners in sp's are far and few.

My problem with people like him are they are offering a service (for a fee of 300 bucks in his case which is a joke) that is for people who either cant trade...or are too lazy to do their own work. Honestly....if this guy had a very good system he would trade his own money...develop a track record...and start a fund. Instead he is pawning it off on here to people who probably dont know any better. He obviously isnt too sure of his system so he figures he can make a few bucks on the side .

But hey..at least he is honest and posts all the trades...even if it is a losing system.
 
EPrado,

Take a chill pill... we all have bad trades... were you here for RC's 12 point winner?

It was the trade before this one? Nevertheless, It is entertaining to watch this journal as the guy either has balls or is plain dumb.

I think the later, as any TS system can fall into the optimization trap very quickly. Especially if he has some 12 strategies running at once. This RC guy has already tried this once... with marginal performance... I think he went back, optimized, increased the stop from 4 to 7 and now "I make money, you watch, hahaha"


But we shall see.
 
Quote from protrader-2K5:

EPrado,

Take a chill pill... we all have bad trades... were you here for RC's 12 point winner?

It was the trade before this one? Nevertheless, It is entertaining to watch this journal as the guy either has balls or is plain dumb.

I think the later, as any TS system can fall into the optimization trap very quickly. Especially if he has some 12 strategies running at once. This RC guy has already tried this once... with marginal performance... I think he went back, optimized, increased the stop from 4 to 7 and now "I make money, you watch, hahaha"


But we shall see.
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Perhaps I come across too harsh. Am being sarcastic at times. And yes..we all have bad trades...have em every day/week. I got caught real bad in the euro last month..got stubborn and paid dearly for it. Hey if he had a 12 point winner god bless him....nice. My problem is when you have people selling their "magic" system. If they are gonna actually charge people for their market calls, then they better friggin produce. This guy seems like a "nice"guy and all. Maybe his poor english and ha ha's threw me off. But his results are way way below average for someone selling a system/trades.

Yes he is entertaining. But if someone is gonna say "watch me make money", then they should produce results that are above average. He is miles from that. I saw where someone mentioned his "delayed" trades were the ones that showed good results. That is the icing on the cake.

Trading is too damn hard. If I am gonna take a 7 point loss today in the Sp's, it will be on my own call. Not some guy going "ha ha me make money buy my system". And I agree on the plain dumb comment.

Have a good one
 
Eprado,

Your post to this guy was rude and appeared to be a "kick him while he's down" flame. I just don't like reading that type of negativity. Given your level of experience, you should be above that.

Been at this since 97. I'm still alive and I still don't know sh-t.

Peace

Mike
 
Quote from Mike805:

Eprado,

Your post to this guy was rude and appeared to be a "kick him while he's down" flame. I just don't like reading that type of negativity. Given your level of experience, you should be above that.

Been at this since 97. I'm still alive and I still don't know sh-t.

Peace

Mike
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If it appeared rude then sorry. Was suppose to be more sarcastic. I went back and read through all his stuff. Does seem like a very nice guy...and yes he seems honest (although is interesting that when he started posting trades after they happened his performance got a whole lot better....tells you something). I just find it hard to stomach some guy saying "making money in SP's is easy...I have the BEST system...pay me for my trades". Then looking at his past performance and seeing he is far from good and probably losing money in the long run. My busting balls yesterday was just that. The part about bookies and all was a joke. I also stated earlier in the day why I thought buying the Sp there was kind of dangerous. Anyways...no problemo. It seems like in this place they really watch what you say and if they dont like it, they threaten to boot you off (I just got scolded by the teacher). Its safe to say my sarcasm and honesty will most likely get me booted . Seems like a cool place. I am no trading genius , but have been around long enough (been through the easy times and the impossible times), so I figured I would throw my 2 cents in . Good luck with everything.
 
I'm glad everyone made up. lol

We get a nice header in the spooz and everyone's sitting on glass shards. After the booking, we play nice again.:D

Anyway, RC, can you please elaborate on your stop structure and setup for stops in general. I'm eager to know what made you change from 4 pt to 7 pt stop. Thanks.
 
Bigger stop is better if you have winning edge.

4,7,10pt, Most good is 10pt if trader has winning edge.
tight stop mean lower winning ratio and small net profit.
bigger stop mean big winning and high winning ratio.
then I changed, but 10pt is too big for customer.
then I decide to use 7pt always. there is no deep meaning.
off cource, I have used backtest with tradestation.
Important is winning edge. not stop.

I will post honest and actual trading result. Please enjoy.
if I lost money, you can kick me while I'm down. ha,ha,ha
but if I will win, Join chat room with your 4 friends. : )

Please enjoy, trading should be enjoyable and relax.
 
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