Even though 13% gain in equity sounds OK, especially compared to the pitiful gains by CTAs this year - all of it was the gain in value of the 1330 oz.of silver being held over from last year.
It's been just over 9 years since I started this Infiniteyield Forex blog. Of course, the bulk of posts were in the first couple of years.
I appreciate the feedback I still receive from traders that read it back then and actually tried out the concepts discussed here. There is no substitute for proving your own edge and then trading it. Only real, lasting, successful traders do that.
Only by the crucible of actually taking trades based on the faith of your proven convictions gets the success of having the correct (and large)positions on mammoth trends that others are too fearful of placing even token positions.
Most professional traders start being successful (and stay professional) by trading relatively simple trading systems/concepts.
Maybe they end up trading multiples of them and use sophisticated money-management, but their core trading systems tend to remain uncomplicated.
The best thing about simple systems is that they are not hard to test.
And one of the main reasons that systems like OneNightStand andFirstStrike keep generating profits for so many. They're robust and SIMPLE.
I get emails every week from someone somewhere that's been trading ONS and/or FS for 5 years and they've been making $$$ in the Euro or Pound. And then they've some questions about whether it is OK to [fill in the blank...]
I don't really mind all that much, but the reason I bring it up is this: Traders make money from taking opportunities that are only available for a very short period of time. We must be opportunistic in how we expect to profit from those situations. The textbook definition of opportunist is:
"Opportunists are people who see a chance to gain some advantage from a situation. An opportunist seizes every opportunity to improve things for himself."
That could mean taking ONS and finding "robust" ways to profit from it by changing the official rules of the system. Very possible - if you have valid reasoning and proof behind your alterations. Not just optimizing the parameters until your backtest shows a higher return.
Trading systems are just systems that profit from (human) behavioral tendencies. If you are able to significantly "drill down" to an even more "telling" behavioral tendency..., so be it. May the profits accrue.
It's been just over 9 years since I started this Infiniteyield Forex blog. Of course, the bulk of posts were in the first couple of years.
I appreciate the feedback I still receive from traders that read it back then and actually tried out the concepts discussed here. There is no substitute for proving your own edge and then trading it. Only real, lasting, successful traders do that.
Only by the crucible of actually taking trades based on the faith of your proven convictions gets the success of having the correct (and large)positions on mammoth trends that others are too fearful of placing even token positions.
Most professional traders start being successful (and stay professional) by trading relatively simple trading systems/concepts.
Maybe they end up trading multiples of them and use sophisticated money-management, but their core trading systems tend to remain uncomplicated.
The best thing about simple systems is that they are not hard to test.
And one of the main reasons that systems like OneNightStand andFirstStrike keep generating profits for so many. They're robust and SIMPLE.
I get emails every week from someone somewhere that's been trading ONS and/or FS for 5 years and they've been making $$$ in the Euro or Pound. And then they've some questions about whether it is OK to [fill in the blank...]
I don't really mind all that much, but the reason I bring it up is this: Traders make money from taking opportunities that are only available for a very short period of time. We must be opportunistic in how we expect to profit from those situations. The textbook definition of opportunist is:
"Opportunists are people who see a chance to gain some advantage from a situation. An opportunist seizes every opportunity to improve things for himself."
That could mean taking ONS and finding "robust" ways to profit from it by changing the official rules of the system. Very possible - if you have valid reasoning and proof behind your alterations. Not just optimizing the parameters until your backtest shows a higher return.
Trading systems are just systems that profit from (human) behavioral tendencies. If you are able to significantly "drill down" to an even more "telling" behavioral tendency..., so be it. May the profits accrue.
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