Explains well on the phenomenon of those forever talk cock blogs, which are forever wasting their energies. LOL!!
All Trading Ideas said...I don't think i can find more informative comments than here. 52 comments when i saw this posting. Amazing.
I see that many have differing ideas, ranging from adopting the right system for the right time/product, to ways of reducing risk and maximizing profit. Well, that's how i summarize up regarding the comments. Generally, it's about performance optimization.
I think a lot of book-reading led to all these constructive arguments and many reader are going to benefit hugely.
I would like to share what i think of all these from a reader's point of view. As much as we present our argument to justify a trading concept, or a matter of choosing the right 'fit' to any trading system, we are bound to continue in a 'circular argument' that may answer our questions today but disclose an unwanted gap tomorrow. After all, we are talking about optimization and this is an open-ended project.
Whatever it is, whether we choose to accept or deny, we are in the 'business of predicting' which at best may be 'kind' to a particular system yesterday and today, but no guarantee for tomorrow. So, as we move on everyday, one after another, whether our system is performing or not, we are bound again to land ourselves in this discussion. I think we would agree on this someday. LOL
My two cents: personal experience will best shape one's system. No one has the same fund size, risk tolerance and expectation. The 3 elements are the variables which will shape the particular trader's concept on how a system should perform and be implemented. So, I doubt there will be a general rule for this. What's more when we dive into the topic of optimization.
In different trader's context and experience, he/she will have differing philosophies. So, for the 3 points highlighted, there will never be a straightforward answer and will forever remain debatable and 'need to be optimized' (lol).
It is because, sometimes, simple matters which require simple solution without much drilling, has turned out into an academic debate that at the very end of the day, you and I know will raise more questions. Another thing is, i believe the subject of Statistics has been over-stretched there.
ReplyDelete"Statistics", like a piece of Rear-View Mirror, LOL!! Can't drive without, and yet can't stare at it too long either. ROFL!!!
ReplyDeleteAs for "trend(s)", actually, the sifu of trend following Ed Seykota has provided all the answers: "There is no such thing as the trend; there are countless trends, depending on the method we use to determine a trend… there is no way to determine the current trend, or even define what ‘current trend’ might mean; we can only determine historical trends."
Period.
I learn something from that. Thanks a lot.
ReplyDeleteLOL! Serious? OK, you are welcome.
ReplyDeleteBase on what you quote from ed seykota
ReplyDelete