E S (New) Trader Journal thread discussion

This is a discussion on E S (New) Trader Journal thread discussion within the Trading Journals forums, part of the Reception category; Oh dear. Newbies, if you think this is the way to do it, by making predictions, forecasts and figurings (!?), ...

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Old Jan 3, 2011, 9:18pm   #1
Joined Mar 2005
E S (New) Trader Journal thread discussion

Oh dear.

Newbies, if you think this is the way to do it, by making predictions, forecasts and figurings (!?), please be aware that there's no way to say what's going to happen in the future, and EVERYTHING IS UNKNOWN IN THE FUTURE. CNBC analysts who can't trade their way out of a paper bag make predictions, not consistently profitable traders. People wishing to make predictions would rather be right than actually make money, which is exactly what New Trader would rather be.
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Old Jan 10, 2011, 12:19pm   #2
Joined Mar 2005
Re: E S (New) Trader Journal thread discussion

barryb started this thread NT, 3 or 4 profitable buy and hold trades does not prove, as you put it, a 100% robustness of your method on any timeframe. Come back when you've done 1500 trades, preferably 4000, on each of the timeframes in question, trading the same method with a positive expectency on each, and then i might agree with you.
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Old Jan 10, 2011, 12:20pm   #3
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Re: E S (New) Trader Journal thread discussion

barryb started this thread Well done on your profits regardless though.
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