Monday, January 4, 2010
Too many rules?
A cheap used first edition is on the Barnes & Noble website. This book and Hill's book (see prior post) both suggest that the trading method utilized on this blog is doomed to failure for the following reasons:
1. It's curve fitted data (retrospective & prospective) striving for 100% trading wins; 2. Market behavior history doesn't repeat itself; 3. Too many rules; 4. Minimal use of stops; 5. Buying before close causes overnite risk, and; 6.Asymmetric entry & exit signals.
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