I am a real expert on coin tossing. An outcome of a coin toss is equal to amount at stake, hardly comparable to riding a winning trade. Come on now.
When Indicators Don't Lag
- Thread starter BOC
- Start date
I am a real expert on coin tossing. An outcome of a coin toss is equal to amount at stake, hardly comparable to riding a winning trade. Come on now.
If that were all there was to it, there would be little with which to disagree: cut your losers short and let your profits run. Hardly innovative. But then he adds the RSI and the MACD and a lot of gurubabble. Considerably more than a nutshell.
A nutshell is just that, that's how he trades. If you want to add a bit of salt and pepper it only tastes better.
Come on I was commenting on the need or not for a high win rate.
Not the obvious need to cut short losers and trading with the trend.
I could be misunderstanding you. Small targets dictate necessity for high win rate, extended targets do not require high win rate.
Not according to what he posts in his thread. If there were nothing more to successful trading than "trade with the trend", everyone would be a winner.
A lot more could be successful in trading if they abandoned idea of making a quick buck in day trading on high leverage by just following a trend on a longer time scale, charts always look clearer from a distance just like paintings.
Did I say anything about the size of targets?
My post had to do with what he posts in his thread, not the virtues of trading over long timeframes. And what he posts in his thread revolves around indicators. Which is the subject of this thread.