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Why members share strategies?

  • #141
  • Mar 24, 2018 7:19am Mar 24, 2018 7:19am
Quoting 4for4
Why try to “measure” pullbacks when we can just wait for breakouts? ...
I look at my portfolio (and potential portfolio holdings ---14 total) as a battle between momentum and mean revision. I think we are talking the same thing but measuring both is important. I always want to know if mean revision is working or is momentum working. I do not look at it for individual pairs but in groupings. So figuring out how to measure and track the data for both, I believe is important
Model 3 All Time Pips: -887
  • #142
  • Mar 24, 2018 7:45am Mar 24, 2018 7:45am
Quoting RedWingFan
{quote} I look at my portfolio (and potential portfolio holdings ---14 total) as a battle between momentum and mean revision. I think we are talking the same thing but measuring both is important. I always want to know if mean revision is working or is momentum working. I do not look at it for individual pairs but in groupings. So figuring out how to measure and track the data for both, I believe is important
I’m not trying to “measure” anything ... even the so-called Fibonacci Retracement/Extension level is not a reliable measurement as they only happen around 50% of the time ...
But yes, I do track momentum by looking for “significant” breakouts. Then wait for either a retry or a reversal ...
Btw, I look at each pair individually, never as a group, even though all my pairs are pitted against USD ...
Market is not random but unpredictable
  • #143
  • Mar 24, 2018 10:51am Mar 24, 2018 10:51am
Quoting RedWingFan
{quote} Crowded trades rarely work for the long-term. If you have a profitable system, you're better off not sharing it or you'll risk failure. Top proprietary trading firms go to great lengths to protect the secret sauce. The example I think of most is a real estate investment example. If I said I had an amazing real estate method that could give you minimum house flip gains of 50% returns on every home but there were three rules. The house had to meet these three rules 1. Had to be on a cul-de-sac 2. Had to have a walk out basement 3. Had to have...
make sense. a good example is the turtle trading system; it stopped working after every man and his dog traded that system
  • #144
  • Edited 11:45am Mar 24, 2018 11:17am | Edited 11:45am
Quoting 4for4
{quote} ... I always use stop-order to initiate a position ...
And? That doesn't make a difference. It's just not how it works. 'Breakout traders' are a dime a dozen and they lose dozens of dimes.

With that said; I also often initiate entries and exits with stop-orders but for different reasons.
"The fun is in the hunt. Not the kill."
  • #145
  • Mar 24, 2018 9:32pm Mar 24, 2018 9:32pm
Quoting Redeflect
{quote} And? That doesn't make a difference. It's just not how it works. 'Breakout traders' are a dime a dozen and they lose dozens of dimes. With that said; I also often initiate entries and exits with stop-orders but for different reasons.
... What reasons would that be? ...
As far as I know, the “real” actions of trading consist only two things: initiating an entry and exiting a trade ...
Analyzing is done as a “background” action ... (but we are not talking about that, are we?)
Market is not random but unpredictable
  • #146
  • Mar 24, 2018 9:56pm Mar 24, 2018 9:56pm
Quoting 4for4
Why try to “measure” pullbacks when we can just wait for breakouts? ...
Simply becos pullback happen first before any breakouts and breakdowns. In addition breakouts and breakdowns can be fakeheads. The other most important factor is you will have a optimal RRR if you can get it right and even if you are wrong with the optimal RRR you are fail-proof overall.
Cheers.
  • #147
  • Mar 24, 2018 10:21pm Mar 24, 2018 10:21pm
Quoting genghistar
{quote} Simply becos pullback happen first before any breakouts and breakdowns. In addition breakouts and breakdowns can be fakeheads. The other most important factor is you will have a optimal RRR if you can get it right and even if you are wrong with the optimal RRR you are fail-proof overall. Cheers.
In my previous comment in this same thread, I do track momentum by tracking “significant” breakouts ... but then I wait for a retry (which usually follows after pullbacks if the momentum is “strong” enough) or a reversal (which usually happens when the pullback is “strong” enough) ... in both cases, stop-orders will be employed ...
Market is not random but unpredictable
  • #148
  • Mar 24, 2018 10:27pm Mar 24, 2018 10:27pm
Quoting 4for4
{quote} In my previous comment in this same thread, I do track momentum by tracking “significant” breakouts ... but then I wait for a retry (which usually follows after pullbacks if the momentum is “strong” enough) or a reversal (which usually happens when the pullback is “strong” enough) ... in both cases, stop-orders will be employed ...
Most probably we may be talking about the same thing but maybe our trade articulation differs. If you can quantified those momentum then I believe you have the winner there.
Cheers
  • #149
  • Last Post: Mar 27, 2018 6:38am Mar 27, 2018 6:38am
I would say that depends on the person himself. People share their strategy and secrets at a price. Nothing comes for free.
They do share it but not everyone has the same vision.
Rather, I would say, successful traders share their knowledge in bits and pieces. Nobody shares every little thing they do (exceptions exist).
Successful traders know that their luck may illume with compound interest but not everyone has that knowledge.
On the other hand, extremely successful traders do share their strategy- again, they have different vision and more knowledge I believe.
So, I believe it truly depends on the person himself.
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