This is a wonderful example of the BullShit that you find on this forum. They make a big deal about something stupid like verification then when I ask which one do you want verified, now there is only silence. I called them on their bullshit so they come back with some other lame bullshit. I address that then there will be something else. None of these so called traders are interested in something new that works, they are only interested in being right so they can sell their whatever.
So lets take a look at the latest BS. 'risk < 1% per trade. If you make it for 6 months and earn consistently, can consider raising to 1.5%, and then max 2%.'.
What shellsnail is saying is put 50 time more in your account than you need to trade. If you only risk 1% then 99% of your account is wasted, doing nothing for you, just plain stupid. But that is the type of BullShit that one gets from listening to the general advice you get on this forum. First they have to be really egotistical to assume that the way they trade is the only way to trade. Any different type of trading would have different rules. So to make some generality, especially about someone who has been around at least as long as the writer, about something they could not possibly understand unless I taught them (I developed the systems used by the robots) is extremely brazen.
Over the last 8 years doing this research the number one difficulty that I had to face is stupidity from technical traders. It is to the level that many many good traders have said that they don't need to put up with these egotistical morons and have left. This leaves me stuck with no one with a brain to talk with. Of course there are some real theorist left, CrazyTrader and Vontgr stand out as intelligent and looking to improve on their performance. They do not trade as I do but they are like me in that they don't go looking to climb over someone else, just for what works.
Regrettably, I am going to have to do to them what HolyCow and Silverthorn has done to me, leave and let these ego junkies figure out for themselves that they were not as smart as they thought they were.
Calculated max draw is set for 50% we have half of our account setting idle as protection against some unforeseen event, not 98%, just half. In two years the worst that we have seen is 41% draw-down. Remember it is not a profit or a loss until the trade is closed therefore the statement
'you are risking too much if you lose 30% so quickl',
doesn't apply because we never lost 30%, we never lose at all. And that is what has them upset and challenging me. They lose, I don't.
The real loser in this is the new traders that could have used a good teacher. Another may come along but, honestly the self-righteousness exuded by these technical traders is repugnant and I am tired of dealing with the hypocrisy. Therefore I am going to remove myself from these threads and only respond to personal messages.
To those good traders that I have had the honer of sharing the last years with, I wish you all the best of luck and a wonderful life. To the egotist the crowd the forum I wish you would get a life. To all the new traders reading this, Don't listen to anything on this forum, think for yourselves. Most of the advice that you get here is just plain Bull Shit.
where research touches lives.