Trend Following-Trend Commandments

Quote from wrbtrader:

Agree and I always wonder why some traders only use one system that's suitable for only one type of trading condition while knowing there are different types of trading conditions.

Mark
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Same reason a cardiologist doesn't drill teeth. Not to mention," trading conditions" are only observable in the past.
 
Quote from wrbtrader:

Agree and I always wonder why some traders only use one system that's suitable for only one type of trading condition while knowing there are different types of trading conditions.

Mark
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Because some of us have figured out how to create a single system that works on all "OUR" charts and under all trading conditions.
 
Quote from ProfLogic:

Because some of us have figured out how to create a single system that works on all charts and under all trading conditions.
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Such bluster from the buckeye state but no evidence. Maybe if you keep saying it, some will believe you.
 
Quote from marketsurfer:

Such bluster from the buckeye state but no evidence. Maybe if you keep saying it, some will believe you.
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marketsurfer
Registered: Apr 2002
Posts: 1443
07-22-11 09:49 AM

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Quote from logic_man:
Maybe he meant RTH high?
You said earlier that you are only looking for "home runs". When I'm looking for "home runs" I look at the Weekly set-up, not some 15-minute job. I don't even look for "home runs", I look to catch 6-7 points out of every 15-20 point move and I don't look at anything less than on an Hourly basis.
You may have a lot of experience in the money management industry, but you sound like the guy who is perpetually re-living his first year of trading year after year. That's not good.
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What's an RTH?



Says the authority on the markets and trading!!

:D :D :D :D :D :D :D :D :D
 
I'm hearing the benchmark highly-volatile TF firm was +20% in July. Other TFs generally up on the month, mixed on the year -- up or down a few %.
 
Quote from Rodney King:

I'm hearing the benchmark highly-volatile TF firm was +20% in July. Other TFs generally up on the month, mixed on the year -- up or down a few %.
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Dunn +19.5% for July.

I believe.
 
I think its so pointless arguing about whether its better to make money with trading method x or trading method y.

I have made my best returns with mean reverting trades. And its true your blowouts are large but if someone offered me the choice of making 1k 19 days of the month and have a 6k loss once a month id take that.

But thats just me, some people can stay emotionally detached whilst they have 10-15 losing trades in a row, personally i couldnt sleep.

Michael Covel writes some really good books and they are inspirational in terms of showing what can be achieved in the market. If youre new to trading definately read them.

But personally i think the hardline "this is the only way to trade and everyone else is an idiot" type approach from any part of the trading community is such a waste of energy when you could be exploring new strategies in areas youre currently closed to.
 
Quote from tommo:

I think its so pointless arguing about whether its better to make money with trading method x or trading method y.

I have made my best returns with mean reverting trades. And its true your blowouts are large but if someone offered me the choice of making 1k 19 days of the month and have a 6k loss once a month id take that.

But thats just me, some people can stay emotionally detached whilst they have 10-15 losing trades in a row, personally i couldnt sleep.

Michael Covel writes some really good books and they are inspirational in terms of showing what can be achieved in the market. If youre new to trading definately read them.

But personally i think the hardline "this is the only way to trade and everyone else is an idiot" type approach from any part of the trading community is such a waste of energy when you could be exploring new strategies in areas youre currently closed to.
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There are some nice words in there for me--thanks. However, your logic and thinking are way off (i.e. praising LTCM indirectly).

BTW, the word 'idiot' does not appear in my book The Little Book of Trading. It appears once in The Complete TurtleTrader--where I quote someone calling me an idiot. It appears twice in my book Trend Commandments:

Society’s insatiable push to discredit those who rock the boat, coupled with digital printing presses cataloging it all, has allowed village idiots and Nobel Prize winners to effectively share the same stage. In this environment, for many, the truth has ceased to matter.
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And:

Yes, sure, of course, you may have more options, but an explosion of naiveté has muddied the waters. Ignorance and confusion reign supreme. The idiot box is no longer just the bedroom flat screen. It is every PC, Mac, iPhone, and iPad. People absorb TMZ and Drudge via an intravenous drip. We are in a voyeuristic world where living vicariously through someone or something is accepted without hesitation and, in fact, encouraged.
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The word 'idiocy' appears once in Trend Following--where it is mentioned that government compounds idiocy.

Most likely, somewhere on 1000s of web pages and blog entries I expect someone was called an idiot--and it probably made perfect sense.
 
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