Is it true that anyone can succeed using any strategy?
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Thread: Is it true that anyone can succeed using any strategy?

  1. #1
    Hi guys, is it true that each of the egies that's accessible around net (free or paid) is potential to achieve great success?

    As in, if 100 individuals are given the exact same egy, there can be one who will succeed by using the given egy?

    Can it be not so much of this egy but it's the individual using the egy?


    Or does egy does make a difference in gambling? Without a good egy is it impossible to succeed as a trader? Is it possible to remove or minimize plogy issues during trading if a person has a good egy?

    What do you say?

  2. #2
    Quote Originally Posted by ;
    I presumed in english it's pronounced kindergarden? Well, as I am from germany, I know that the original word is kindergarten.
    Please ignore my stupidity. Kinder means child or baby does not it? And backyard is meant by garten? Of course you're correct and I made an arse out of myself.

    Apologies.

  3. #3
    Quote Originally Posted by ;
    Of course you will find, my best systems have an ordinary win/loss ratio of 20-30%. But taking random entrances never turned out profitable in the long-run, at least not in my own backtests, no matter which money management rules used.
    What exactly you intend to say is that in'your own' testing, you have not managed to make it work. So that a hypothetical 50/50 coin toss with cash management rules that'you' use, cannot out perform. . .don't make much sense. You speak about exploiting a border, a market inefficiency, for that to occur without using money management, a system has got to be right over 50% of their time.

  4. #4
    Quote Originally Posted by ;
    What you mean to say is that in'your' testing, you haven't managed to make it work. So a hypothetical 50/50 coin toss with money management principles that'you' use, cannot out do. . .don't make much sense. You talk about exploiting a border, a market inefficiency, for it to occur without using money management, a platform has got to be right over 50 percent of their time.
    I must say I really don't quite understand your post.
    It's my opinion that random entries and fantastic money management will inevitably make you shed in the long-run.
    Exploiting a border and no money management will too make you shed in the long-run.
    You can only win at the long-run in case you exploit a border and employ good money management.
    That's my position concerning that topic.

  5. #5
    Quote Originally Posted by ;
    Please ignore my stupidity. Kinder means baby or child doesn't it? And backyard is meant by garten? Of course you're correct then, and I've only made an arse out of myself.

    Apologies.
    Just, no problem

  6. #6
    Quote Originally Posted by ;
    Hello guys, is it true that all the egies that's available around net (free or paid) is possible to achieve great success?

    As in, if 100 individuals are given the exact same egy, there can be one who'll succeed by utilizing the given egy?

    Can it be not so much of the egy but it is the individual with the egy?


    Or does egy does make a difference in trading? Without a egy can it be impossible to succeed as a trader? Is it feasible to remove or minimize issues if one has a egy during trading?

    What do...
    entirely incorrect. Then you want to develop your egies tailored for your personality and preferences If you're the 1 trading. I have egies that I use which have win rates as low as 37 percent but they're still profitable

  7. #7
    This is a silly argument. Using the term entry with money management doesnt make any sense. If the entry is random, but the exits aren't, then the entire thing becomes NON-random. As someone pointed out, you could flip a coin, then input, then simply exit flip enter, and exit again. Keep doing that until you get the entry you want, then hold onto that trade and depart when your edge informs you, but I guess the entrances arent random are they?

    This boils down to is the significance of entrances vs exits, the debate being(I believe ) that exits are more important than entrances. Knowing when to depart is part of a border (at least 50%), but so is knowing when to input.


    I'd pose the question this way:

    Is the edge good enough, to conquer employing a very stupid method of entering the market(like flipping a coin), and the response could very well be Yes.

    Though someone with a Genuine edge would want to use coin turning as a method of entry is outside me

  8. #8
    Quote Originally Posted by ;
    Hello guys, is it true that all the egies that's available around net (free or paid) is potential to achieve great success?
    Just those with a positive expectancy. You need two pillars: plogy and money management once you have an method having a border. Once you have all 3 you have a chance in making it.

    3 Pillars:

    1) Strategy with an Edge
    2) Money Management
    3) Plogy

    Missing any one of those three and you're never going to make it (over the long term ).

  9. #9
    Quote Originally Posted by ;
    This is actually a ridiculous argument. Utilizing the expression entrance with good money management doesnt make any sense. If the entrance is arbitrary, but the leaves are not, then the whole thing becomes NON-random.
    So obvious, so true ^^

    Quote Originally Posted by ;
    What this boils down to is the importance of entries versus exits, the argument being(I believe ) that exits are more significant than entries.
    A closed trade is a line section, nothing more - there is not any additional info than price A and price B (. .yes, there is MAE, time, MFE. . But they're irrelevant for determining the entries vs exits importance).
    Http://www.wyzant.com/Help/Images/segment_AB_image.gif
    now what is the important point in almost any section? B or A?

    Their importance is clearly equivalent.

    I guess we tend to comprehend leaves as much'significant' or'difficult' because at the time of exit, we are subjected to the market. So I guess the mom of all these statements is - plogy. Deciding good entries is fantastic for plogy too (Q: which transaction is better? The one going right to the spending an hour or the target at near proximity of the stop loss hitting the target? A: both trades are equivalent!) . Entries make risk management a far more happy endeavor. But so do exits.

    In practical trading, the secret to success lies in keeping up the sum of negative A-B segments ( trade costs) below the sum of those positive ones (supplying trade size remains constant). Both B and A ascertain any section length.

    In a fantasy world, http://www.mypivots.com/dictionary/d...-excursion-mae of the ideal entrance would never exceed transaction costs along with also the ideal exit could be another ideal entry in opposite way making more than the costs.

    In the real world, any egy should aim to come as near as possible to this ideal (anything less is hypocrisy). The majority of them will select A and B factors than a coin toss, if applied mechanically with disrespect to market behavior and structure. But that is how most people want to trade them!

  10. #10
    Quote Originally Posted by ;
    Hello guys, is it true that all the egies that's available around net (paid or free ) is potential to achieve great success?
    I'm afraid not. If you have got a little wiener it won't triumph.

    Quote Originally Posted by ;
    You speak about exploiting a border, a market inefficiency, for that to occur without using cash management, a platform has to be appropriate over 50 percent of their time.
    1. There's no such thing as using cash management. All traders manage their money - since they base their conclusions on math instead of luck/astrology/voodoo, some are better at doing this than others.

    2. A system does not HAVE to be appropriate over 50 percent of their time in order to be successful (I presume you're speaking about a win percent here). It does not alone determine the success of any platform Considering that the percentage is just one parameter at a expectancy equation.

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