trend following delusion shattered
- Thread starter hank rollins
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This sort of reminds me of my obstinate nephew when he is told that he has to go to bed. He stands in the kitchen telling his mom that he wants to stay up and watch TV. He insists in fact, that he will be able to get up in the morning (even thought we all know better) and be ready for school. We (the adults) all smile indulgently and tell him to go to bed, and eventually he shuffles off, angry for the moment at us, and the rest of the world for being so "mean".
If we take a moment to look at the request, it is "as though" we were being asked to "take care" of a trader (or wannabee) who has not been able to make it work. Now you might think I am being sarcastic, but actually I am sympathetic to that situation. I remember very well, not knowing where to turn, not knowing what approach to take, not being able to make a profit, not having any prospect of changing things in the short term. It can be frightening, especially if your self image depends on being able to get it right. So one more time, and for the record:
I know of several approaches that work. "Work" means that the basic concept is viable, and a trader could make money using it , IF he or she were willing to learn the system, use it in a disciplined way, and adhere to realistic money management protocols. In addition, one would need the logistics in place including a way to get in and out of the market consistently, adequate capital and control of your emotions. Thats it. Thats the package.
Am I willing to spoon feed you the method. I don't think so. Am I willing to prove it to you on your terms. No. but I have the feeling that is not what you are really after. Now excuse me, I have to go watch "Desperate Housewives"
Lefty
If we take a moment to look at the request, it is "as though" we were being asked to "take care" of a trader (or wannabee) who has not been able to make it work. Now you might think I am being sarcastic, but actually I am sympathetic to that situation. I remember very well, not knowing where to turn, not knowing what approach to take, not being able to make a profit, not having any prospect of changing things in the short term. It can be frightening, especially if your self image depends on being able to get it right. So one more time, and for the record:
I know of several approaches that work. "Work" means that the basic concept is viable, and a trader could make money using it , IF he or she were willing to learn the system, use it in a disciplined way, and adhere to realistic money management protocols. In addition, one would need the logistics in place including a way to get in and out of the market consistently, adequate capital and control of your emotions. Thats it. Thats the package.
Am I willing to spoon feed you the method. I don't think so. Am I willing to prove it to you on your terms. No. but I have the feeling that is not what you are really after. Now excuse me, I have to go watch "Desperate Housewives"
Lefty
New and improved version:
What is a reliable method, composed entirely of publicly available techniques, that can be applied to past price action to determine a usefully large positive or negative number d such that (p1-p0)>=d, where p1 is a near-future price and p0 is the current market price?
If the question continues to go answered, that fact will speak for itself.
What is a reliable method, composed entirely of publicly available techniques, that can be applied to past price action to determine a usefully large positive or negative number d such that (p1-p0)>=d, where p1 is a near-future price and p0 is the current market price?
If the question continues to go answered, that fact will speak for itself.
Somehow, I feel dumber after having read this discussion.
M
M
Perhaps you have a smart response to the question in my previous post.
I feel smarter, because i stopped participating in this useless discussion.
Limited edition "Freak Out" version:
What is a reliable, publicly available method that can be applied to past price action to determine a usefully large positive or negative number d such that (p1-p0)>=d, where p0 is the current market price and p1 will be the market price in the near future?
If the question continues to go unanswered, that fact will speak for itself.
Good trading.
What is a reliable, publicly available method that can be applied to past price action to determine a usefully large positive or negative number d such that (p1-p0)>=d, where p0 is the current market price and p1 will be the market price in the near future?
If the question continues to go unanswered, that fact will speak for itself.
Good trading.
The fact IS some posters in this thread have already told you the answers in detail as how to trade trends for profits.
Now it's up to you to grab profits for yourself trading trends (if you are able?).
Is that what you want (according to your hidden agenda)?
Probably you're too smart to be aware of that yet.
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