Very well. Logical inconsistency. The notion that things 'really work' in a particular way alludes to an objective reality. If you say that nothing is objective then it follows that neither is your statement. I will go even further to say that ...

The Big secret to trading success

[/COLOR] The trading implication (which is an opinion of the future) is subjective. When we speak of objectivity in trend identification we necessarily speak only of the past. Thank you for sharing your process. I hope you realize that by saying ...

The Big secret to trading success

Yes. Very astute. My belief is that everybody is successful in getting what he or she wants from the markets. Some people realize their calling in the game of trading, some people realize its not for them and do something else that they really like. ...

The Big secret to trading success

Quite the opposite. 'Trends' can only be recognized by observing the difference between a recent point and a more distant point. Both of these exist in the past and both are mere observations of what has happened with no implications for the future. ...

The Big secret to trading success

The Rumpled One says: "There is a big difference between facts and opinions. I bet you think that the terms "trend", "support", "resistance" are facts. When in reality they are concepts and opinions. I would wager you have read or heard "The trend ...

The Big secret to trading success

Ok. Equity growth is a function of one's trading strategy and market conditions. Since the future of the latter is unknowable I have no opinion of the level of graduality or explosiveness to expect out of a particular market. The currency market is ...

Bad time to really dig into money management?

LOL. I think the analogy of a tribe gathering is more fitting. image If Ed wanted to be a preacher his congregation would be a veritable army, but his kingdom would not be built upon the unwashed masses of Guru-seekers.

The Big secret to trading success

Yes. Though what I can't understand is why people seem to think this is a strike against trend trading. 1) Trends are subjective (choosing to objectively define a trend is still a subjective decision). 2) Trading with an objectively predefined trend ...

The Big secret to trading success

Thank you for sharing a process for losing money. I notice that each cycle starts simply with 'Create New System' followed by crossing one's fingers until the pain gets too great. Aspiring system builders may consider this process instead: 1. Study ...

The Traders Prison Cycle

Yes indeed. The awful truth about a platform which I do not use nor am affiliated with hurts.

The Big secret to trading success

Well, that sounds... awful.

The Big secret to trading success

Testing on historical data is indispensable and very useful if one operates with a good research methodology. I observe that most traders operate with poor research methods that often lead to overfitting of past data. I report that the flaw is not ...

The Big secret to trading success

In the context of directional trading; Nope. May I suggest a more suitable tool: image There is no definition of a trend. A 'trend' or 'range' are just subjective opinions formed from observing the difference between a recent price point and a ...

The Big secret to trading success

Well thanks, those are kind words. I would like to reiterate the point of not focusing on 'details' and 'outcomes' because it bears elaboration (and its the internet, so why not). A successful trader goes through a Process and obtains a profitable ...

Giving up?

Sorry, im really shy. What does it matter? Its not these peripheral details that one should focus on but the process.

Giving up?

Thank you for sharing your process. Enormously profitable (and insane, apparently) Managers in the Managed Futures field run mechanical systems that literally do the same thing over and over again and expect different results. Retail traders (those ...

Giving up?

Actually, I never referred to that quote from Churchill thats why I left it out. A trader's expectancy is the product of the sum of all the trader's parts (his trading system, his emotions, his dreams, etc). Everything comes together to produce the ...

Giving up?

Ok, lets try a simple example: Tom opens an account with a $1000 balance. 1 month later he is left with $0. Tom opens another account with a $1000 balance. 1 month later he is left with $0. Tom opens a third account with a $1000 balance. 1 month ...

Giving up?

Alas, this statement is illogically inconsistent. Encouraging a person with a negative expectancy to not quit will inevitably result in the negative expectancy being realized.

Giving up?

Well. Advising one not to give up works when the trader already operates with a positive expectancy. The same advice would just result in a complete loss of capital if a trader operates with a negative expectancy. Therefore, like all ...

Giving up?