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I've seen many discussions just like this. As will most who have been involved in trading for a while.

Like all most traders start to discuss Entry/Exit/Money Management/Risk and stop loss when they are either disillusioned with returns or have copped a fair loss. Those that are profitable dont care until it happens to them. Sometimes years down the track.

Most look at the tools that make up a methodology,the components,few look at the application of all the components together---which is what they will do in their well thought out plan.

Then they will go out and trade that plan without knowing how the combination of well intended componentry actually perform over the years.
Worse they have no idea when its likely to fail and it may well fail from day 1.
They could also be trading brilliantly for a few years and not know wether the drawdown they are in should be ridden out or capitulated!
Many GOOD methods get ditched through FEAR.
Frustration abounds as the best placed entries/exits/stops and Money management STILL fail to give a consistent return.

Solution REGARDLESS of the NUTS and BOLTS of a method/the plan,you must know if the plan is long term profitable,and what its performance numbers are.

To do anything different is time wasting and fruitless.
Those that have been or are on that path will totally understand.

So if your serious you'll have to invest in good testing software and the many hours to become proficient in design and testing systems.

Read Adaptive Analysis Pages 1-50 all will become clear/er.

<blockquote data-quote="tech/a" data-source="post: 162463" data-attributes="member: 257">I&#039;ve seen many discussions just like this. As will most who have been involved in trading for a while.Like all most traders start to discuss Entry/Exit/Money Management/Risk and stop loss when they are either disillusioned with returns or have copped a fair loss. Those that are profitable dont care until it happens to them. Sometimes years down the track.Most look at the tools that make up a methodology,the components,few look at the application of all the components together---which is what they will do in their well thought out plan.Then they will go out and trade that plan without knowing how the combination of well intended componentry actually perform over the years.Worse they have no idea when its likely to fail and it may well fail from day 1.They could also be trading brilliantly for a few years and not know wether the drawdown they are in should be ridden out or capitulated!Many GOOD methods get ditched through FEAR.Frustration abounds as the best placed entries/exits/stops and Money management STILL fail to give a consistent return.Solution REGARDLESS of the NUTS and BOLTS of a method/the plan,you must know if the plan is long term profitable,and what its performance numbers are.To do anything different is time wasting and fruitless.Those that have been or are on that path will totally understand.So if your serious you&#039;ll have to invest in good testing software and the many hours to become proficient in design and testing systems.Read Adaptive Analysis Pages 1-50 all will become clear/er.</blockquote>

[QUOTE="tech/a, post: 162463, member: 257"] I've seen many discussions just like this. As will most who have been involved in trading for a while. Like all most traders start to discuss Entry/Exit/Money Management/Risk and stop loss when they are either disillusioned with returns or have copped a fair loss. Those that are profitable dont care until it happens to them. Sometimes years down the track. Most look at the tools that make up a methodology,the components,few look at the application of all the components together---which is what they will do in their well thought out plan. Then they will go out and trade that plan without knowing how the combination of well intended componentry actually perform over the years. Worse they have no idea when its likely to fail and it may well fail from day 1. They could also be trading brilliantly for a few years and not know wether the drawdown they are in should be ridden out or capitulated! [B]Many GOOD methods get ditched through FEAR.[/B] Frustration abounds as the best placed entries/exits/stops and Money management [B]STILL[/B] fail to give a consistent return. [B]Solution REGARDLESS of the NUTS and BOLTS of a method/the plan,you must know if the plan is long term profitable,and what its performance numbers are.[/B] To do anything different is time wasting and fruitless. Those that have been or are on that path will totally understand. So if your serious you'll have to invest in good testing software and the many hours to become proficient in design and testing systems. Read Adaptive Analysis Pages 1-50 all will become clear/er. [/QUOTE]

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