Trade with it until every building in the U.S. had my name on it.
What would you do if you had the "holy grail"?
- Thread starter Error 404
- Start date
Quote from axeman:
I see conflict.
Statement 1 - you say there is no way a trading method
can get diluted.
Statement 2 - you give example of a method getting diluted.
Please resolve.
peace
axeman
LOL...I will try Axe.
In "Statement 1" I meant to address the little private super secret systems that the blowhards say they won't share. I don't believe in them at all, so I guess I just by default think that you cannot "dilute" something that doesn't exist. I am talking about the (to me) mumbo jumbo of guys like Jack Hershey and Super_Ego (who actually did try to share), but that kind of thing....where you "MUST" look for such and such convergences, divergences, all kinds of oscillators, etc. In other words, trading on super short term technical indicators. Now maybe they do work. But I have seen Gann traders draw so many lines that to me, it is like looking at a Rosharsch (sp?) test. You can see whatever you want.
And certainly I am not intelligent enough to understand these systems even if they do work. I have tried to listen, and I go into a fugue state. Fibonacci numbers are a practical thing for me when it comes to tuning my guitar. Other than that, (and a way to demonstrate how to use Excel), I am totally confused by the relavance of the concept (as well as so many others) to trading. So I guess I must be mentally challenged, but so far, it hasn't been that much of a handicap (at least not in trading).
Fortunately, experience seems to help. At least in my case. I know so many traders that are so much smarter than I am, and so much less successful. See my thread on "Keeping it simple" AKA The Simpletons Guide to Trading. Admittedly not my greatest effort, but relevant to this discussion. And good for some laughs from the "old days" of ET. (with special thanks to my pal MrSubliminal).
http://www.elitetrader.com/vb/showt...ge=6&highlight=keeping it simple&pagenumber=1
In the second case, I was referring to an arbitrage system that was mathematically fool proof if it could be executed. That system has diminished in everyday use (I believe...I am no longer involved in floor trading, and haven't been for 14 years). But my assumption is that is wasn't so much "diluted" as it was "legislated out" by the rules being changed. During the glory days of program trading, there were no lock limits. Then it got so extreme that program trading was halted with a mere 50 point Dow move. (And of course the lock limits on the S&P futures which remain).
I would not call arbitrage a "trading system" in the same sense I would call a Jack Hershey type method a "system".
Hope this "resolves". If not, it's really all a matter of perception and belief.
As for my "system", it is again not a "system" at all by my definition. I remain as clueless as ever as to whether an issue will rise or fall.
ElectricSavant (below) is essentially correct. I don't know if "glitch" is the word I would use, but it will do. I used "anomaly" but I guess the meaning is the same.
CashCoyne's inquiry should be answered by the above quote. I think this can only work if done un-noticed. If done through a prop firm, there would be no anonymity. Sometimes it is better to be the pilot fish rather than the shark.
Peace,
RSHey Cash, you are right, it is turning into a guessing game. I never should have responded in any way as to the nature of the "flaw" I believe I can exploit. But it's too late now, so guess away.
Really, I just will not say anything further regarding the nature of my "experiment" (unless it proves a failure, in which case I will tell all. LOL)
I will however post my results after a month or so. By then I should have a fair enough sampling to know if the idea really is viable. Today I tried it, and went nil for one. So I am batting 1000 based on trades exceuted, but only 500 on attempted trades. As I expected, I don't think I can really get more than a few trade done a month.
Peace,
RS
I do not know why I am subscribed to this thread. I guess I want to see a fellow trader make it....and make it BIG!
Michael B.
Michael B.
Holy Grail? Hrmph!!! My holy sock puppet did at least as well as your "grail" did today.
PS how does pink lemonade taste in your grail, and how do you keep ahead of the leaks?
PS how does pink lemonade taste in your grail, and how do you keep ahead of the leaks?
Quote from Error 404:
Hey Cash, you are right, it is turning into a guessing game. I never should have responded in any way as to the nature of the "flaw" I believe I can exploit. But it's too late now, so guess away.
Really, I just will not say anything further regarding the nature of my "experiment" (unless it proves a failure, in which case I will tell all. LOL)
I will however post my results after a month or so. By then I should have a fair enough sampling to know if the idea really is viable. Today I tried it, and went nil for one. So I am batting 1000 based on trades executed, but only 500 on attempted trades. As I expected, I don't think I can really get more than a few trade done a month.
Peace,
There is a "end of year profit guarateed" Trading system!
It does loose money, but in the mid to long term it gains money
Its called MACD, and is very popular but rarely anyone trades only using this indicator.
It maybe slow, it may make some false signals.
But just pick a good volume but good volatility stock (a good Techstock from NASDAQ usually works ok) and you are done..
Even in Bear markets it pumps out 10% a year, and if you use shorts its even better..
Test it, then use it. It works, although It may be the dullest way of trading, it works! Simple and effective.
Of course you probably wont get millions in the long term but..
It does loose money, but in the mid to long term it gains money
Its called MACD, and is very popular but rarely anyone trades only using this indicator.
It maybe slow, it may make some false signals.
But just pick a good volume but good volatility stock (a good Techstock from NASDAQ usually works ok) and you are done..
Even in Bear markets it pumps out 10% a year, and if you use shorts its even better..
Test it, then use it. It works, although It may be the dullest way of trading, it works! Simple and effective.
Of course you probably wont get millions in the long term but..