i think you are refering to the "the predictors" a book by thomas bass. its great reading if you want to check it out. surf
Professors and engineers are as a group the worst bet there is; with obvious exceptions, one of my partners is an engineer. The smarter they are, the faster they blow up ...
hey metoxx, LTCM did quite well with geniuses at the helm, before greed and ego set in.....of course ! surf
you got the key of trading! go from the 50-50 and then create a system that gives you a better probability, create a money management method that lets you optimize your exits and you got it. Well beside all the mental and financial aspects. No matter if you trade with a system or with instinct. At the end you have to get the probability on your side! alain
ALL SYSTEMS ARE BS UNTIL YOU KNOW HOW TO MAKE MONEY WITH ONE STOCK. (in general most systems have a very short shelf life)
yes, but only on a trending market. on a sideways market there won't be enough winners to cover the trades that stop out. - jaan
You either go for % win > 50% or up your average win over your average loss. By improving your win/loss ratio to a certain minimum, you could make money with random entry points.
hehe, i'm not complaining however, i don't think they are the best markets for random entry (that's what marketsurfer was talking about), are they. - jaan