"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.
Automated BuyZone
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- TheRumpledOne
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- TheRumpledOne
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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
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.
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