Yes Pankaj......can never forget those days....kahaan gaye woh din........
and I am seeing these newbies making the same mistakes that we did...thats why this word of caution.
All afls look super in hindsight.
Just like many cricket players look good in the nets, but only few succeed------it is the match temparament that differentiates the men from the boys.
(btw guys, Pankaj has played first class cricket in Delhi long back - almost Ranji level, Pankaj?..)
AP
----- Original Message -----From: Pankaj ChawlaSent: Sunday, November 29, 2009 11:27 AMSubject: Re: [Technical-Investor] A word of caution 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 been4 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 placeand go total mechanical. I dont enter a trade neither do I exit it till the setupsays so. Thats the holy grail.AP, you remember those days when everyday we used to figure a new setuptaht seemed to make the billions only to find it failed the very next day :-)CheersPankaj
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.
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