what is a strategy?

[padutrader]

in my 30 years of trading experience i have heard a lot of things.

i have heard about strategies, algorithms, elliot waves...Fib to mention the most famous.

But it is obvious ,or it should be obvious ,that a strategy, without understanding what the market is doing, what the conditions are, is not appropriate, at the least, and out right, moronic and stupid, at the most.

this is why most strategies do not yield a RESULT BETTER THAN 60% .

I have been studying various market conditions and have not worked on any method or strategy for 30 years because of this logic.

This is what Brooks says and does : he lays a lot of stress, on determining the market condition, before he specifies what it is the method that you must employ to be in synch with the specific market condition.

keep laughing.... all the way to the bank

 

[mason macgregorson]

I was taught that strategy is what you do to get what you want. For example if you want a date with a girl your strategy might be to buy her flowers.

 

[bln]

strategy is a container for models and methods. models/methods are containers for rules and requirements.

 

[speedo]

Brooks teaches how to understand price behavior and development through market cycle and offers many examples how a scalper might do this or a swing trader might do that. It is up to each of us to determine how we want to trade, test signals based on that how, build a trade plan with defined setups and rules around that effort, make adjustments as needed and not be a weak, undisciplined asshole. BTW, profitable strategies are a dime a dozen, the trading is where the rubber meets the road.

 

[ironchef]

BTW, profitable strategies are a dime a dozen, the trading is where the rubber meets the road.

If I send you a dime, can you send me a dozen profitable strategies?

Thanks in advance.

 

[speedo]

If I send you a dime, can you send me a dozen profitable strategies?

Thanks in advance.

I could post them all day long and people wouldn't follow the rules of the trade, even if they did the work to understand the premise of the trade...but you already know that didn't you?

 

[2rosy]

what the market is doing

define "what the market is doing". I knew people who did very well and didn't even know what the instrument they traded was

 

[VSTscalper]

While I do develop Algos and have clients - a trader really does NOT need an Algo - especially for Scalping.

This picture shows all you really need - just Support and Resistance. While I trade with my Algos - most of the time - this setup is still my favorite way to trade. And to top it off - you do NOT need to purchase anything - from anybody - including ME. For me - trading is all about keeping things as Simple as possible - and you cannot get much simpler than what I am showing on this screen.

Send me a Private Message - I will bring you into a Zoom Room - let you watch for the last 45 minutes or so.

 

[SimpleMeLike]

in my 30 years of trading experience i have heard a lot of things.

i have heard about strategies, algorithms, elliot waves...Fib to mention the most famous.

But it is obvious ,or it should be obvious ,that a strategy, without understanding what the market is doing, what the conditions are, is not appropriate, at the least, and out right, moronic and stupid, at the most.

this is why most strategies do not yield a RESULT BETTER THAN 60% .

I have been studying various market conditions and have not worked on any method or strategy for 30 years because of this logic.

This is what Brooks says and does : he lays a lot of stress, on determining the market condition, before he specifies what it is the method that you must employ to be in synch with the specific market condition.

keep laughing.... all the way to the bank

Hello padutrader,

I wish I had an answer for you sir.

I do not know.

I do know this, I do not believe in trading theories anymore.

Trading theories pay no bills.

 

[ironchef]

I could post them all day long and people wouldn't follow the rules of the trade, even if they did the work to understand the premise of the trade...but you already know that didn't you?

Yes, painfully.