Now, no more of the nonsense turtle trading or long term trading stuff.
Of course, we all know how the turtle experiment is a failed experiment.
I can say that most people cannot see the failure in the experiment.
Denis, the experimenter believes that he can teach anybody to succeed. The flaw with his experiment is that he gave his trainees adequate money. With the money you got from this Dennis, of course, even a bum on the street can succeed.
However, in this thread I want real solid ideas on how to succeed with
little money. I don’t want stuff like money management such as risk reward crap. Because this money management crap is too loaded with trash.
Of course money managers probably can survive investing or trading 2% because that 2% is really alot with the money given to them. And besides, most money managers live on salaries anyway.
If you believe you have real solid strategies or tips please do comment.
I got strategies myself but the outcome is too haphazard. I win some, I lose some as long as I win more than I lose. But, this strategy is too mediocre and cannot pay for my daily and monthly expenses.
Okay, please proceed and flush your knowledge. If things go well, we can all benefit in one way or another. I still believe in the motto: “To receive, one must learn to give.”
I seriously believe I have a holy grail.
However, I will share with fair exchange only.
If I believe I got a fair exchange, then I might share my system.
Yeah. I am a programmer. I programmed my own expert advisor.
And yeah, I have done tested and experimented with all
technicals, fundamentals, and theories out there.
And I finally found the grail. Of course, I would like to confirm that
I have the grail. However, I want fair exchange. I want ideas
going before I share mine.
I am not trying to sell anything. But it is good to hear that you have a
grail too.
I would be nice if you tell me what you got. Do you use lagging indicators?
Do you use artificial intelligence? Pure price action? Risk and money managment???
Well, let me share my holy grail first. I don’t use risk and money management at all. I know I can make $23,000 a month with 5% risk on my system.
However, I trade slow and smaller. It is because I don’t want to get greedy.
Besides, I need to trust my system slowly.
actually that bit about the grail was from Monty Python but seriously I do have something that works for me, although I’m still tweaking it. But if you have something that works then why not use it? If it works consistently even small returns can compound big
The turtle exp was when money manager took a bet with a colleague that he could teach anybody to trade,
He basically interviewed people from diverse background, and gave them large amount of capital to trade based on his rules.
I think you need to take some serious lessons from this, trading does require adequate capitalisation just as any other business venture does, in order to sustain the natural expenses / losses.
As for money management again it’s a fundamental part of the business, you cant take 1 or 2 pieces in isolation, you have to take it all and have a dam good understanding of how it works, the gaps are where the money falls.
After a spell, you purty much have seen it all. Every time one of dem fancy fellers comes to the country to teach us “hicks” something new, we wind up learnin’ dem a thing or 2. See when you is out on the water or deep in da woods none of that fancy stuff matters. Your daddy teaches you the basics of fishin’ and huntin’ just like his daddy taught him. It worked before and it keeps on working. Don’t need nuttin’ fancy to put meat on da table. Dat’s just how it is.
I have to say I was thinking the same thing. Why would you say you have a winning method, and then ask for tips? Perhaps you are still searching…it’s ok, we all do for a while…no ego.
Yeap, I can say honestly that my system can make 23K per month.
Here are the reasons why I like to take things slowly:
Mathematics is not reality.
Backtesting is not reality.
The market is not reality.
Reality is what the I can take out of the market without being too greedy and without hurting others. Take too much and you are asking for trouble.
People get hurt. In this market, somebody wins means that somebody else loses. You cannot have two teams winning in a basketball or football game. Forex is the same.
AGAIN, I take what I can manage without hurting others and without being too greedy.
Well, I betcha if youins comes round deese parts, peoples would be thinkin’ you sound funny. So while you alls is a laughin’ at us, we be laughin’ right back atcha.
