Automated BuyZone

trading strategies and money management discussion, code, results

Moderator: moderators

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu Dec 20, 2007 9:49 pm

"I think the exit point is far more important than the buy point."

Here we go again...lol

If the entry NEVER provides you with an opportunity to take profit, then all the exit can do is minimize loss.

I would rather have an entry that gives me an 80% or better chance, statiscally, of making money and that's what the BuyZone does.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Ken_S
rank: 50+ posts
rank: 50+ posts
Posts: 60
Joined: Tue Jun 19, 2007 2:43 am
Reputation: 0
Location: Rivervale, NJ
Gender: Male

Postby Ken_S » Mon Dec 24, 2007 6:06 pm

Avery,
I don't follow your thinking. THe exit can do more than minimize losses, it can give you a profit, although minimizing losses today would have been a good thing....
Random entry will give you a >80% chance of making a profit.


760 shares, -$695
My exit strategy sucks.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11396
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Mon Dec 24, 2007 9:59 pm

I am not going to debate this.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

User avatar
eudamonia
rank: 500+ posts
rank: 500+ posts
Posts: 536
Joined: Thu Jun 15, 2006 9:50 pm
Reputation: 0
Location: Rocklin, CA
Real name: Edward Heming
Gender: Male
Contact:

Postby eudamonia » Mon Dec 24, 2007 10:37 pm

Avery,

I hear you barking.

Ken_S if you do some research you'll find that statements like this are over generalizations. In fact Van Tharp the guy who popularized the idea that random entries make money has often been challenged to repeat those results (guy's with real Ph'Ds couldn't match his results) in a double-blind test. It hasn't happened yet so that might tell you something...

Also by stating something like this you are basically saying that guys who profit off of entry purely (like arbitragers) can't exist. Also you're saying that anyone with a fixed profit target can't make money (because if exits were everything then having fixed exits would be illogical).

I understand that many people who "know what they are doing" make statements like "exits are everything". However, you need to understand the underlying context and how that person trades to make an intelligent evaluation of that information.

Edward
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.

Ken_S
rank: 50+ posts
rank: 50+ posts
Posts: 60
Joined: Tue Jun 19, 2007 2:43 am
Reputation: 0
Location: Rivervale, NJ
Gender: Male

Postby Ken_S » Fri Jan 04, 2008 2:36 am

$100 today turned into breakeven when my black box decided to get a mind of its own and go long on GOOG without my say-so.
The coder is working on a new version to fix.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

BP
rank: 50+ posts
rank: 50+ posts
Posts: 99
Joined: Tue Feb 06, 2007 12:58 pm
Reputation: 0
Location: Camp Hill, PA
Gender: Male

Postby BP » Fri Jan 04, 2008 10:12 am

Ken,

lol...been there before...at least you came out even.

BP

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “strategy trading & money management”