Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
So true, and by the time they realize it, they have already crossed the risk of ruin threshold. I realized early enough that I am not artist, I don't have that discretionary sense, so I rely purely on the stats, the expectancy of my purely mechanical copy/paste method.
There's definitely more than one way to skin a cat.
I'm obviously biased because I didn't make it too far with the mechanical approach.
I'm mechanical in the sense that I stick to the same setups but I starting using them
through my own discovery of trial and error. It's still not perfect and I do take some whacks.
It seems I have amazing months and then other months I can't seem to get in the groove.
With your copy and paste method, did you take something and make any part of your own;
or is it completely copy/paste?
i know this question wasn't directed to me, but i love this stuff and had to respond.
here's my thoughts:
1. there is nothing new under the sun;
2. most of what i discover/invent is later shown to be a re-discovery; hence, copy-paste;
3. the uniqueness of my method/system is the particular arrangement/combination of the various non-original parts/concepts that i have re-discovered;
4. thus the "art" is in my arrangement of the parts that i "copy/paste".
Also, the pyschology part is not so impossible if you have a decent handle on risk and expectancy. Not as if you need to be a celebate buddhist monk in order to trade. However, even a celebate buddhist monk will not be able to make money over any real sample with poor risk management and a system with negative expectancy.
I don't disagree with the copy/paste statement but there is an infinite number of wrong paths also if you just are doing something different because other people are not doing it. I don't know anyone that actually flips coins at 11:00am, heads-long / tails - short for 10 YM points with a 9 point stop. The fact no one is doing this does not increase the value of such a foolish method.
But in some cases Trader A wants Trader B's "template", all his exact indicators, exact settings, exact entry rules, profit targets, stop losses, etc -- then wonders why his actual results don't match....
