Precisely...
Why is it so hard to beat the market?
- Thread starter stocktrader3429
- Start date
Precisely...
For swing and position trading, I agreed that the rationale proviso supplants having to be in the money every second. I feel that the stop is a dynamic factor as well.
I recommend that the stop be trailing according to the rationale's component of making more money in the position as time passes. A sort of stay loose and at the same time move the stops as the trade goes to completion.
It is a one way street in this case since the trades all have a long bias.
Psychology means nothing without a system that has a positive expectancy. Im getting tired of hearing this gobldygook about how its all so simple and its just psychology.
For full auto traders like me, psychology means nothing.
If you have robot like, rock solid psychology, you will still lose in the markets without a system that works.
Most people, I bet 99% of them, will never find a real system with a positive expectancy worth trading. Thats the main problem, not psychology.
For full auto traders like me, psychology means nothing.
If you have robot like, rock solid psychology, you will still lose in the markets without a system that works.
Most people, I bet 99% of them, will never find a real system with a positive expectancy worth trading. Thats the main problem, not psychology.
traderdragon2
Psychology means everything when you develop a system, you will never be able to find what works for you in the first place without understanding how you are wired.
How would you tweak the system? Mkts change their stripes daily and or for weeks on end. No one system is going to keep you in the game. Psychology is what we all are about. Are you an android? ...............
Psychology means everything when you develop a system, you will never be able to find what works for you in the first place without understanding how you are wired.
How would you tweak the system? Mkts change their stripes daily and or for weeks on end. No one system is going to keep you in the game. Psychology is what we all are about. Are you an android? ...............
I agree, over the decades I have seen many, many "systems" - and very few, if any, actually worked - and those that did, didn't work too long and were still in dire need of constant tweaking. But even the best "system" takes some discipline and a lot of hard work and devotion to keep it functional and current with market conditions....
No arguments with system traders, I have let them all try them (within reasons of course). I just like to see profitable traders.
Don
Are you implying that because markets change their stripes daily/weekly that systems cant be developed which can withstand these changes?
If so, you are simply wrong. For example, I have several systems that have been running live for several years and backtest great for 15+ years. Probably backtest fine further than that, but I dont have the data to test against.
Psychology is nothing, because yes, my computer is basically an android, an emotionaless executer of my rules.
Psychology during development? When people speak about psychology in trading they usually are refering to the stone cold mental discipline required to keep your cool when you have big money on the table and a trade is going against you, or you are suffering a big streak of losses.
During system development, there are no such stresses. I use the scientific method to datamine looking for patterns. Where is the psychology?
Psychology is for people who like to write books about trading as a way to make money instead of actually trading.
As a full auto trader, I could care less about psychology.
If so, you are simply wrong. For example, I have several systems that have been running live for several years and backtest great for 15+ years. Probably backtest fine further than that, but I dont have the data to test against.
Psychology is nothing, because yes, my computer is basically an android, an emotionaless executer of my rules.
Psychology during development? When people speak about psychology in trading they usually are refering to the stone cold mental discipline required to keep your cool when you have big money on the table and a trade is going against you, or you are suffering a big streak of losses.
During system development, there are no such stresses. I use the scientific method to datamine looking for patterns. Where is the psychology?
Psychology is for people who like to write books about trading as a way to make money instead of actually trading.
As a full auto trader, I could care less about psychology.
Quote from bighog:
traderdragon2
Psychology means everything when you develop a system, you will never be able to find what works for you in the first place without understanding how you are wired.
How would you tweak the system? Mkts change their stripes daily and or for weeks on end. No one system is going to keep you in the game. Psychology is what we all are about. Are you an android? ...............
I would love to see the results of any fully automated system generating a minimal amount over the long term ($250K or so). We've had and have "systems" that traders use to make that much or more, but again, there is a lot of human intervention.
(Not challenging anyone, just extremely curious)
Don
(Not challenging anyone, just extremely curious)
Don