Trading Software that actually gives a consistent return
- Thread starter hmap1
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Metoxx, I'm an engineer with an MBA by training. I think it's possible to think too much about the markets, and 'analysis leads to paralysis'.
I believe that it doesn't matter that much where you get into the market - but how you manage that position once you put it on. How does one's holding timeframe expand or contract once once the position reveals itself to be a winner or a loser?
I believe that it doesn't matter that much where you get into the market - but how you manage that position once you put it on. How does one's holding timeframe expand or contract once once the position reveals itself to be a winner or a loser?
VVV said............hehe, so secretive that they don't even exist.
no trader richer than soros with his used 6 billion, and he managed an annualized return of 30 sthg% over decades, ie with compounding.
where are all the other 1000% billionaires?
they don't exist, is the only truthful answer.
cheers..........................
Well, its harder to obtain those returns when you are that large. Your capital moves markets. On the other hand, if you are using smaller amounts of capital, it can be done(in fact, it is). Some systems are opportunity based only and are limited on use of capital and others are scalable in nature and you can achieve your returns with higher amounts of capital. Both examples are entirely different profiles with different returns.
no trader richer than soros with his used 6 billion, and he managed an annualized return of 30 sthg% over decades, ie with compounding.
where are all the other 1000% billionaires?
they don't exist, is the only truthful answer.
cheers..........................
Well, its harder to obtain those returns when you are that large. Your capital moves markets. On the other hand, if you are using smaller amounts of capital, it can be done(in fact, it is). Some systems are opportunity based only and are limited on use of capital and others are scalable in nature and you can achieve your returns with higher amounts of capital. Both examples are entirely different profiles with different returns.
I am the least expert of all on this forum about systems, but from what I read I agree mostly with alain and with bone.
A system tells you what trades you should pick, because, statistically, they are "highly" probable. You can't pick all probable trades (>51%), because you have to take commissions and slippage into account. You have to pick the highly probable ones, and then follow them with a trailing stop. A system is as simple as the 5-day moving average crossovers on the Dow Jones.
I also agree with bone, when he said in another thread that one doesn't need to predict prices with Elliott or other methods. He doesn't need to predict waves, but recognize them when they start and ride them with a trailing stop.
I used to lose everything because I didn't consider the risk/reward. Before starting a trade I only asked myself "how much will I make if I get it right?", and now instead I ask myself "how much will I lose if I get it wrong?". This leads me to stay flat half of the time, and with no regrets, if I am wrong, because I valued the risk/reward and not just the reward.
A system tells you what trades you should pick, because, statistically, they are "highly" probable. You can't pick all probable trades (>51%), because you have to take commissions and slippage into account. You have to pick the highly probable ones, and then follow them with a trailing stop. A system is as simple as the 5-day moving average crossovers on the Dow Jones.
I also agree with bone, when he said in another thread that one doesn't need to predict prices with Elliott or other methods. He doesn't need to predict waves, but recognize them when they start and ride them with a trailing stop.
I used to lose everything because I didn't consider the risk/reward. Before starting a trade I only asked myself "how much will I make if I get it right?", and now instead I ask myself "how much will I lose if I get it wrong?". This leads me to stay flat half of the time, and with no regrets, if I am wrong, because I valued the risk/reward and not just the reward.