A good system should work forever, on any asset, any timeframe, and should make 100% per week…
JSParticipant
Senior
“
A good system should work forever, on any asset, any timeframe, and should make 100% per week…”
I really hope this is a belated April Fool’s Day joke…
You can’t rely on luck if you want to achieve such a result. You need an edge, something accurate.
And no, this is not a joke but a chimera for now…
JSParticipant
Senior
you’re not joking, you’re chasing the holy grail, but with eyes wide open. Respect.
There are things, especially for short time periods, that “always work.” But from time to time, I have to adjust these systems a bit to the existing volatility. At least for me. Maybe it’s also due to my limited coding skills. I’m positive every month, and that’s not satisfying. 100% profit every week? I want to see that. 😉
If you risk 3% of the capital, and your signals/trade are good (i mean Risk reward = 1 to 6 or more). You just need one trade per day to do 15-18%.
At least you can say you need to do 15-18% to do 100% in the week. Is it so hard ? 🙂
Mathematically, that’s certainly correct. Theoretically… but practically? Let’s assume a simple M15 system in NAS or SP500, go long every day at a decent ratio, apply a simple momentum filter, and we get an attractive curve over many years with profits almost every quarter. The only thing here is to achieve a low drawdown and lose as little as possible in a crash. It works great, but only long-term and far from 100% per week. 😉
JSParticipant
Senior
Practice is a beast that cannot be tamed and just goes its own way, unpredictable and different every day…
If you would achieve 100% per week, you would become the richest human being in 6 months. I dont think those results are possible to achieve through PRT trading, but I would happily be wrong 🙂 I would be super happy if I grew my trading account 100% per YEAR.
If you would achieve 100% per week, you would become the richest human being in 6 months
You know the “THE MYTH OF SISSA” which is related to chess game?
Legend has it that to thank him for the pleasures that the game of chess brought him, Emperor Shiram promised its inventor Sissa the following gift: “On the first square of the game, he would place 1 grain of rice, then double it on the second square and so on, doubling the number of grains each time.
https://en.wikipedia.org/wiki/Wheat_and_chessboard_problem
https://www.barry4kids.net/LER/PDF/conto_sissa_uk.pdf
China mocks Trump’s MAGA 🙂
Perhaps the Nasdaq will fall to the 15,800-16,000 range.
That’s much higher than I initially expected; I thought 17,500-18,000 would be enough.
I expect a significant low next week.
And don’t worry, the indices will be above their All-Time High by Christmas.
Best regards
Indices are more likely to stay in a range now for almost all the week and may eventually break out or break down last day of the week (as usual at the end of the candle)
dear nasdaq, old boy dow, good wild felow dax, nikkei, spi , asx and all other indexed friends,long time no see!
it came to my ears, that you are getting a bit out of control recently. you force bot-sellers and other prophets to change their minds overnight, that‘s not nice at all. Elliott is getting already somewhat nervous, and I am afraid next you might receive some urgent calls from Fibonacci, Bollinger and who knows – maybe even from Williams. this is what you can do in order to compensate your outrageous behavior:
– reverse at exactly your individual trendline immediately (befor summer holidays latest, ok?)
– as christmas present please rise above your all time highs (who cares about the logic here?..)
– as a little bonus let retail traders’ accounts double each week and for ever (it can‘t be so hard! pleeease)
thanks! and
CU
