Trading Software that actually gives a consistent return

Originally posted by moonwalker
wasn't there a university where very smart people worked over months with unbelievable resources to developed a trading system.

After finishing the work they started trading and failed!!!!!!

I don't know if this storry is true but I think I read it annywhere in the chuck lebeau board.
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Professors and engineers are as a group the worst bet there is; with obvious exceptions, one of my partners is an engineer.

The smarter they are, the faster they blow up ...
 
Originally posted by marketsurfer
hey metoxx,

LTCM did quite well with geniuses at the helm, before greed and ego set in.....of course !


surf:)
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The best example ...
 
Originally posted by marketsurfer
alain,

thanks for the reply. if one cuts the losses on a 50/50 random entry methodology, would not the trader win ? in fact, you can have 100 bad trades that you lose $50.00 with, then one, just one winner of 10 k or even much less above 5k and you have WON. just some thoughts.

best,

surf
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you got the key of trading! go from the 50-50 and then create a system that gives you a better probability, create a money management method that lets you optimize your exits and you got it. Well beside all the mental and financial aspects. No matter if you trade with a system or with instinct. At the end you have to get the probability on your side!

alain
 
ALL SYSTEMS ARE BS UNTIL YOU KNOW HOW TO MAKE MONEY WITH ONE STOCK.

(in general most systems have a very short shelf life)
 
Originally posted by marketsurfer
if one cuts the losses on a 50/50 random entry methodology, would not the trader win ?
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yes, but only on a trending market. on a sideways market there won't be enough winners to cover the trades that stop out.

- jaan
 
Originally posted by marketsurfer
alain,

thanks for the reply. if one cuts the losses on a 50/50 random entry methodology, would not the trader win ? in fact, you can have 100 bad trades that you lose $50.00 with, then one, just one winner of 10 k or even much less above 5k and you have WON. just some thoughts.
best,
surf
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You either go for % win > 50% or up your average win over your average loss. By improving your win/loss ratio to a certain minimum, you could make money with random entry points.
 
Originally posted by tntneo
jaan, unless you realize sideways are the best markets :)
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hehe, i'm not complaining :) however, i don't think they are the best markets for random entry (that's what marketsurfer was talking about), are they.

- jaan
 
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