Yoohoo's guide to becoming a great trader

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Quote from yoohoo:

The correlation only lasts for the early part of the session.
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Correct...and I was dumb enough not to counter trend trade it...stubborness, as it behaves like a drunk after 11.30, but I persisted......:mad:
 
Quote from Now is Now:

Correct...and I was dumb enough not to counter trend trade it...stubborness, as it behaves like a drunk after 11.30, but I persisted......:mad:
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Remember a correlation with a dissimilar market is temporary. Bonds/Es, Oil/Es, Eur/ES. Similar market correlations will outlast these and be more dependable.
 
Quote from rollingstatic:

Thats too subjective to real system traders, batman.

its been proven time and time again that stops hurt performance and turn winning strategies into losers.

Position sizing is the key. stops will KILL YOU and are only promoted by ARMCHAIR traders, pretenders, and BROKERS who get paid by the number of trades you make.
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You are correct but you forgot to tell them that "NO stop trading" requires $ 15,000 per contract and analysis from no less than 5 min chart .
 
Quote from rollingstatic:

a 1% stop over 394k trades results in 26.89% winners

a 3% stop over 321k trades results in 47% winners

a 5 % stop over 286k trades results in 57.54% winners

all the way to

NO stop results in 69.81% winners over 236k trades.


STOCKS REVERT< STOCKS REVERT

lesson of the day, folks.



WHERE IS YOUR TESTING THAT INDICATES OTHERWISE--oh, let me guess, you depend of OLD WIVES TALES and internet message boards for your FACTS

if you STILL believe in STOPS-- ask yourself-- are you a tiny pisser, armchair trader, or simply a DELUDED nice guy? cause you AINT a pro Trader.
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While I agree that stops hurt performance (mainly due to slippage), your comments regarding percent of winning trades are completely useless - a trader with 20% winning trades can beat a trader with 75% of winners (google "profit factor" if you don't know the answer to this).
 
Quote from yoohoo:

Yeah, I know, but that's not really good enough, is it? I mean, you don't come into a TA thread guns blazing about what doesn't work when you publish you don't believe in TA, and expect to walk out again with your head in the same location, now do you?

Welcome to the real world of trading and TA that works.
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I am glad you want to prove TA works. (I am not the one pimping a thread entitled Yoohoo's guide to becoming a great trader). TA is pretty much trash, as has been proven again and again in institutional studies.

You're so good, certainly you are not afraid of getting audited. start your system on Collective2 and prove yourself. Every TA system ever started there basically died. You are noise until you are independently audited.

Go here ---> http://preview.collective2.com/cgi-perl/page.mpl?page=offerstart1

Insert excuse why you will avoid auditing below (not enough time, nothing to prove, etc. etc. etc.:
 
Ok, I see the traders gathered at this guru's altar would rather listen to him than to facts. You are listening to a moon gazing, authoratative speaking, guru trader because he sounds good to you, gives you hope that he will save you. Serious messiah complex that needs verification--- NO OTHER REASON --HE IS HERE. Think about it sheeple, if it quacks like a duck,,,,,,,,

The guy uses cycles, moons, stops, and claims to have special powers!

Yah cant be sirius!
 
Quote from rollingstatic:

Ok, I see the traders gathered at this guru's altar would rather listen to him than to facts. You are listening to a moon gazing, authoratative speaking, guru trader because he sounds good to you, gives you hope that he will save you. Serious messiah complex that needs verification--- NO OTHER REASON --HE IS HERE. Think about it sheeple, if it quacks like a duck,,,,,,,,

The guy uses cycles, moons, stops, and claims to have special powers!

Yah cant be sirius!
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You can't even spell.
 
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