Well, I think if you've been basing strategies on that chart then it's no wonder why you're losing. I've never seen a claim S&P goes back to 1789. Hysterical, almost, were it not for the fact you've been mislead, and are basing your trading on that. You should use the real values for the S&P, rather than this bullshit composite chart that doesn't stand for anything in reality.
Universal Trend Trading
- Thread starter luckyputanski
- Start date
Well, I think if you've been basing strategies on that chart then it's no wonder why you're losing. I've never seen a claim S&P goes back to 1789. Hysterical, almost, were it not for the fact you've been mislead, and are basing your trading on that. You should use the real values for the S&P, rather than this bullshit composite chart that doesn't stand for anything in reality.
I don't. But it's interesting to see if my strategy works on ancient data.
But thats the thing, I am NOT a trend trader for longer term trading of commodities. Many years ago I read that the commercials were not part of the 95% that lose, I got tired of trying to re-invent the wheel, so I joined them.
I was fortunite, when there were pits at CBOT, I got to ask many of the old timers how they made money year after year, and all had charts going back decades. Had to know what were the extremes and most markets chart in certain ways at tops/bottoms. I was allowed to make copies of their charts, I have a few thousand of them so I could study and go back into time to see the patterns worked overall. Trading is a numbers game, you know that. And for what you do, you require a couple years, you and I are completely different in our entries, probably pretty close in money management. All my methods that I trade have been backtested thoroughly and have anywhere from 3,000 to 7,000 sample size, so I know what to expect 99% of the time. And when I backtest, I do segments of 3 months/1 year/3 years and so on to see if overall results are like times before. Prices change but patterns don't.
Have a great week.
It's funny that aggressive posts started after price action lab was banned from advertising here. Anyway, I can take way more crap than this, so save your breath. And if you really want to show how smart you are - start your own journal and show me this should be done. Something tells me that you won't.
Why did you just buy the top in TQQQ?
I think it is a classic case of conspiracy theory to accuse collectively all those who noted your blunter of S&P trading starting 223 ago and associate them with your constant efforts to remove material from these threads that points to successful trading system development. I think instead of chasing Price Action Lab or anyone else in an effort to easy your disappointment from a 60% massive loss in just 8 months (which you thought by the way it was only 40% in an extraordinary show of self deception) you should try to see if you can match their results. For example, can you show specific systems backtests in-sample and out-of-sample using reproducible methods like Price Action Lab does in their website under Screen Shots? Can you for example show results for a system for YM, 8 years in-sample and 2-years out -of-sample? Then we can know that you are trading a system and you are not a prankster with random journal entries. I know it hurts when you lose 60% in 8 months and you are exposed in this way when you thought that you would make substantial gains and be a star of ET journal section. For now you are the loser of ET journal section. If it hurts, try becoming a better person. Attacking others with conspiracy theories may be an indication that besides being a bad trader you are also psychologically unstable.
Please provide link to my post when I said I'm in 40% DD.
Also, judging by tone of posts here it seems I'm the most psychologically stable of all of you. And don't worry about me being bad trader - I've been trading 8 years and I'm profitable.
Now, chop chop starting your own journal.
$500k to $200k is a 60% drawdown. In fact a $300,000 loss, so if you can't explain the fake equity curve you posted, that alone removes the legitimacy and premise of this thread, because that's not what I see here. I see a $300,000 loss and a 60% drawdown. You started at $500k, and now at $200k.
I'm sure I saw a post of yours where you claimed that your drawdown was 40%. Then obviously you either edited the post or had it removed. Regardless, this is not what is important here. You accused me first if you do not remember that. I was only trying to point to the fact that your drawdown was excessive and unreasonable by any standards. Then you said that your system can lose up to 70%. Obviously you are a psychologically unstable individual and you should seek help. The world is not against you. You are against this world. How can you claim that you have been trading for 8 years and you are profitable when your journal is losing 70% in 8 months? Have a doctor examine you before it is too late for you. This is friendly advice. One day you will wake up and scream "I am Napoleon the Great from Poland".