I don't have any burden of proof, as I didn't make a positive claim, you did that. You'd actually be the one with the insufficient amount of evidence to prove your position. All I said is that I disagree with the statement you made that any strategy that turns out to be pretty consistent monthly would follow a strategy with a poor risk/reward ratio.
Who's consistently profitable on the monthly basis, what change made you go from red to green?
- Thread starter Aquamain
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I don't have any burden of proof, as I didn't make a positive claim, you did that. You'd actually be the one with the insufficient amount of evidence to prove your position. All I said is that I disagree with the statement you made that any strategy that turns out to be pretty consistent monthly would follow a strategy with a poor risk/reward ratio.
I am saying I have not seen one in 5 years. However, I am beginning to see one who is profitable and that is me.
Uh, no.
http://en.wikipedia.org/wiki/Russell's_teapot
There's tons of data out there on hedge fund managers, advisory services, automated trading systems, etc.
Having seen much of it, the idea of any trader/system being profitable every month borders on the absurd. If you have evidence to the contrary, please provide it. ET folklore doesn't count, though.
Notice I didn't say profitable every month, I said profitable "consistently" on the monthly basis, not making money every month. Also, not to turn this in to a logic 101 class, but you made the positive claim, I have no burden of proof.
I'm questioning your presuppositons, but you don't seem to get it.
Let's put this another way...what possible value is there in taking advice of anonymous people on ET with no verifiable track record? Why are you even asking in the first place?
Why are you even on ET if to not create conversations and exchange knowledge? What other reason would I be here for, if not to talk about trading with people that have similar interests?
Retail trading is such a difficult endeavour that the very tiny few who can do it are not going to share - they had to pay blood, sweat, and tears (in my own case a considerable amount of grey hair) to get there. So you would be conversing with others like yourself. Mostly it would be a case of blind leading the blind.
That's not true, over the years there's been traders that have worked Retail and IB trading that have lent there knowledge here. I'm also not asking for anyone to lead me, I'm creating a conversation, which I can see is going to be hard to stay on topic here with all of the pessimism from traders that haven't figured it out yet.
How do you decide their (those retail and IB people) knowledge is valid ? How do you know those are not stooges sent in by the finance industry to show you how best to lose your money ?
I think the best way to find out is to apply their knowledge and see if it makes you profit. But my bet is it will be a loser. Otherwise everybody will be doing it already.