Re: [Technical-Investor] A word of caution

May be I would. :-)
I have reached a stage that if anyone offers me a new afl, I simply
say I do not want to see it. After about 5 years, I have a simple
strategy which seems to be holding well. Buy low, sell high. Keep a
stoploss.
Cheers
Ray

On 11/29/09, Pankaj Chawla <pankaj013@gmail.com> wrote:
> I studied, backtested, paper traded, created my own systems etc etc a
> zillion
> times till ti occurrd to me how stupid I was looking for the holy grail. Its
> been
> 4 years and I have been trading one and only one custom setup using ADX,
> ATR and MA. The thing I changed was get my money management in place
> and go total mechanical. I dont enter a trade neither do I exit it till the
> setup
> says so. Thats the holy grail.
>
> AP, you remember those days when everyday we used to figure a new setup
> taht seemed to make the billions only to find it failed the very next day
> :-)
>
> Cheers
> Pankaj
>
> On Sun, Nov 29, 2009 at 11:21 AM, Ray Seth <rayseth@gmail.com> wrote:
>
>> Well said. I have 3000 afls. Anyone needs just ask.
>>
>> On 11/29/09, Abhijit <ap19632000@yahoo.com> wrote:
>> > This is meant especially for the 'newbies'.
>> >
>> > I have seen a huge bombarding of articles and trading strategies over
>> the
>> > last few weeks.
>> >
>> > I myself have gone through this phase, and I might be having close to
>> 1000+
>> > afls in my Amibroker folder.
>> >
>> > I have reached a conclusion long back, that any further information will
>> act
>> > negatively rather than positively, and one needs to be cautious, since
>> you
>> > stand a chance of facing an overdose of information.
>> >
>> > The result of this is that you find yourself more confused.
>> >
>> > Over a period of time, one has to identify a couple of strategies that
>> he/
>> > she is comfortable with, and use that as the base, amd just look at new
>> ones
>> > for information alone.
>> >
>> > Do not try and change the base strategy every time you come across a new
>> afl
>> > or a trading strategy, or a new pattern.
>> >
>> > Do not forget............
>> >
>> > OVERDOSE CAN KILL !!!!
>> >
>> > Any strategy will work to give profits, as long as you have the mental
>> > discipline and money management rules.
>> >
>> > Cheers,
>> >
>> > AP
>> >
>>
>>
>> --
>> Trading at all skill levels evokes emotions that generate great illusions.
>>
>> Today's excitement won't move tomorrow's markets
>>
>> Don't let that small voice of ego tell you that you have special talents.
>>
>>
>> ------------------------------------
>>
>> For Forum Rules of Conduct & Disclaimer, please go through
>>
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>>
>>
>>
>>
>

--
Trading at all skill levels evokes emotions that generate great illusions.

Today's excitement won't move tomorrow's markets

Don't let that small voice of ego tell you that you have special talents.

------------------------------------

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