what's the biggest difference between profitable and...
- Thread starter liam
- Start date
Yes, you're right. But only in stock trading. I want to trade only ES Emini futures. Single chart, one instrument.
Even in the stock market, there are situations when almost every stock is choppy, maybe some illiquid stocks move, but 30c spreads, thinly traded stocks are definitely not for me.
Even in the stock market, there are situations when almost every stock is choppy, maybe some illiquid stocks move, but 30c spreads, thinly traded stocks are definitely not for me.
I agree with Satan, but only on the above quote. Otherwise, I am strictly on God's team.
"I am at ease. No matter what kind of proof you provide he won't believe it. This argument is a waste of time anyway. He should shut up and get a proof himself.
LOL, You probably don't know what "proof" is...
And here I am asking you for it.
Sorry, cesko, I didn't realize you don't understand.
Don't think about it anymore, we'll handle it.
Bucky Lee
LOL, You probably don't know what "proof" is...
And here I am asking you for it.
Sorry, cesko, I didn't realize you don't understand.
Don't think about it anymore, we'll handle it.
Bucky Lee
I think a lot people dont want to believe that random entry works because it makes it that much harder to explain their losses. You should research the matter and find out for yourself because it has huge implications. If it's true, it should cause you to shift your focus from entry to money management and risk control. A lot of people make money with less than 50/50 win/loss ratio so whats so hard to believe that you could do so with random entry. My trading turned around when I finally realized that half my trades would probably be losers.
I have one question regarding random entry systems: Why aren't any of these "market wizards" actually trading a random entry system? I have read these books and what they generally say is that money management and profit-taking rules are more important than entry signals and to prove it, they ran random entry systems just to see if they might work. I have never heard of any so-called wizard actually trading such a system. The reason is self-evident. They give poor entries that you have to compensate for with large stops and drawdowns.
Another thing to consider is that the shorter your time frame, the more crucial entry is. If you are trading small commodities positions with a long term orientation, the actual entry signal may not be that important. If you are day-trading a volatile stock, it is everything because you will exit if it moves at all against you.
Another thing to consider is that the shorter your time frame, the more crucial entry is. If you are trading small commodities positions with a long term orientation, the actual entry signal may not be that important. If you are day-trading a volatile stock, it is everything because you will exit if it moves at all against you.
