Still seems pretty experimental, which leaves me unimpressed. I don't have an approach that seems to work "most of the time". Does anyone?
My approach does seem to work most of the time. And the key elements to my approach are to have one or more systems that appear to have at least a slight edge in the markets, and diversify broadly among many, many trades each day (each with only a small risk).
Put another way, each day some traders might take one trade,risking $1000 to make $1000, with a 53% chance of success on the trade. This system has an edge, and will make money 53% of the time. However, a better way that would work 'most of the time' would be to only risk $1 in order to make a profit of $1, with a 53% chance of success. => But, instead, you make 1000 trades per day. In this was, you odds of a profit each day goes way up, while you expected daily profit remains the same. In other words, you gain a huge degree of consistency.
Anyway, to summarize, diversification is the 'approach' that works for me, since on a trade-by-trade basis, my results are unimpressive.
Best of luck,
-Eric |
