Dump it Here

[Skate]

To further build on my previous posts
It's crucial for traders to regularly review & update their trading strategies to ensure they remain effective in the constantly evolving market conditions. Those who rely on outdated strategies may miss potential trading opportunities or expose themselves to unnecessary risks.

Data analysis
Ultimately, the goal of data analysis & strategy refinement is to generate actionable insights that can inform your decision-making & lead to improved trading performance. By continuously refining the analysis methods of your strategies, & keeping your trading strategies current, you can stay ahead of the curve & achieve your trading objectives.

Skate.

 

[Skate]

It's imperative to have an understanding that markets have changed
Sometimes old trading strategies fail to interpret the price & volume data accurately. Being aware of this knowledge can help traders make more informed decisions based on the insights gained from improved analysis, increasing their chances of success in the markets.

Strategies need to be current
In addition to keeping trading algorithms current with the latest market conditions, traders can also use backtesting & simulation tools to test & refine their strategies. These tools can help identify weaknesses in a trading strategy & allow for adjustments to be made before risking capital trading live.

Skate.

 

[Skate]

If we don't trust the backtest & strategy evaluation we wouldn't have the confidence to trade the system successfully. Having a half-decent strategy is only half the battle.

Strategy evaluation
it's also important for traders to have a clear understanding of the data they are analysing & the assumptions & limitations of their analysis methods. This can help prevent overfitting or cherry-picking data to support preconceived notions, which can lead to inaccurate or biased conclusions.

Another key factor in successful trading is risk management
Traders should establish clear risk management rules & stick to them. Successful trading requires a combination of technical skills through continuous analysis & refinement of each & every trading strategy. By staying up to date with market conditions, leveraging the latest technologies & tools, whilst maintaining a disciplined approach to trading, traders can generate consistent profits over time.

Skate.

 

[Skate]

Backtesting has limitations
For starters, I want to address the elephant in the room. Historical performance does not guarantee future results. A strategy that performed well in the past may not continue to do so in the future, particularly as market conditions change. Therefore, relying on a single metric from a backtest is not a reliable way to predict a strategy's future performance.

Relying on a single metric from a backtest is not a reliable way to evaluate a trading strategy's effectiveness
Backtesting involves testing a trading strategy on historical data to determine its potential profitability in the future. While it can provide valuable insights into a strategy's performance, it's essential to consider multiple metrics when evaluating its effectiveness.

Skate.

 

[Skate]

Don't be happy with your drawdown
Having a high drawdown means that it carries a higher risk of losing significant amounts of money. To mitigate these risks, traders should consider a variety of metrics when evaluating a strategy's performance. They should also use caution when relying solely on backtesting results & be prepared to adjust their approach as market conditions change.

Drawdowns can be a strategy killer
By taking a comprehensive approach to strategy evaluation & continually refining their trading approach, traders can increase their chances of success. I have always maintained, that you don't have to accept high drawdowns to achieve good trading results. There are some who would be well served to realise & understand a high drawdown carries a higher risk of losing significant amounts of money.

Skate.

 

[Skate]

Drawdowns
Here I go again, using terminology without an explanation. A drawdown is a peak-to-trough decline in a trading account, & it can be detrimental to a trader's success. High drawdowns not only lead to significant losses but can also erode a trader's confidence, leading to emotional decisions & further losses. Therefore, it's crucial for traders to take a comprehensive approach to strategy development & evaluation by continuously refining their trading approach to minimise drawdowns.

Risk mitigation
While some traders may believe that a high drawdown is necessary to achieve good trading results, this is not always the case. In fact, the higher the drawdown, the greater the risk of losing significant amounts of money. Therefore, it's essential for traders to recognise & understand the relationship between drawdowns & risk.

Skate.

 

[Skate]

Developing a trading strategy is a crucial aspect of success in trading
However, managing the risks associated with the strategy is equally important. Traders must strive to keep their drawdowns as low as possible by employing effective risk management techniques & continuously refining their strategies based on market conditions. To achieve long-term success in trading, traders should prioritise risk management that involves continuously evaluating their strategies. This includes regularly assessing market conditions & making adjustments to their approach accordingly.

We all need an exit plan
Traders can also use tools such as "Take Profit Stop", "Stale Stop" or a "Trailing Stop" to minimize losses in the event of market volatility which can lead to more effective trading strategies & better risk management. By taking a proactive approach to risk management & drawdown reduction, traders can increase their chances of long-term success in trading. It's crucial to prioritise risk management alongside strategy development to achieve consistent profits while minimising losses.

Skate.

 

[Skate]

Let's talk about correlations in trading
Correlations are the statistical relationship between two or more variables, & by identifying them, traders can potentially reduce their risk & increase returns. In particular, deciphering correlations can help traders identify momentum. This information can be used to increase the effectiveness of a trading strategy, potentially leading to higher returns & lower risk. For example, incorporating innovative timing filters like the "PercentageUp Filter" that have a correlation to the rising trend of the "All Ordinaries" can help traders identify potential benefits when trading.

It's important to remember that backtesting is just one tool for evaluating a trading strategy
Backtesting should not be the sole indicator of future performance. Relying on "one metric" from a backtest when evaluating the effectiveness of any changes made is also not recommended. It's essential to consider multiple factors when making trading decisions to minimise risk & maximise potential returns, that's your primary goal as a system trader.

Skate.

 

[Skate]

I enjoy reading Twitter
But it is disheartening to see some individuals with verified accounts, or "blue ticks," resorting to the use of multiple fake accounts. This behaviour is deceitful & calls into question their motives. One has to wonder why individuals with verified accounts would resort to such tactics. Are they so insecure that they need to boost their ego by praising themselves & tearing others down? Or is it something more sinister, such as an attempt to manipulate public opinion & harm others?

Regardless of their reasons
It is crucial to condemn such behaviour as unprofessional & lacking in credibility. Engaging in these types of activities only serves to damage one's reputation & undermines their credibility. To those who are engaging in this behaviour, I urge you to stop. It is not only unethical & unprofessional but also reflects poorly on your character. Instead, focus on building your reputation & credibility through honest & transparent means.

In conclusion
It is time for those who engage in these activities to reflect on their actions & make a change. We must ensure that social media remains a place of honesty & integrity, where individuals can trust the information they are consuming.

Skate.

 

[Skate]

Fake Twitter accounts act like puppeteers
Fake accounts or puppet accounts are fraudulent accounts created by an individual to deceive others about their identity or to manipulate public opinion. The use of puppet accounts is a despicable practice that undermines the integrity of online conversations & represents a betrayal of trust. Fake puppet accounts are typically used to support or attack a particular person, group, or idea while hiding the user's true identity. By doing so, these puppet users attempt to create the illusion of widespread support for their views & to silence or intimidate opposing viewpoints. This behavior is not only unethical but also cowardly & undermines the credibility of the social media platform as a whole.

Using fake puppet accounts is considered unethical & a violation of the terms of service of most social media platforms
It is important to note that the use of fake puppet accounts is strictly prohibited by the terms of service of most social media platforms. This is because fake puppet accounts contribute to the spread of misinformation & disinformation, & erode trust in the information being shared or retweeted on the platform. The use of fake puppet accounts is a reprehensible practice that has no place in civil discourse. We must all work to promote transparency & honesty in online conversations & to call out & report those who seek to deceive others through the use of these fake puppet accounts.

Skate.

 

[qldfrog]

Fake Twitter accounts act like puppeteers
Fake accounts or puppet accounts are fraudulent accounts created by an individual to deceive others about their identity or to manipulate public opinion. The use of puppet accounts is a despicable practice that undermines the integrity of online conversations & represents a betrayal of trust. Fake puppet accounts are typically used to support or attack a particular person, group, or idea while hiding the user's true identity. By doing so, these puppet users attempt to create the illusion of widespread support for their views & to silence or intimidate opposing viewpoints. This behavior is not only unethical but also cowardly & undermines the credibility of the social media platform as a whole.

Using fake puppet accounts is considered unethical & a violation of the terms of service of most social media platforms
It is important to note that the use of fake puppet accounts is strictly prohibited by the terms of service of most social media platforms. This is because fake puppet accounts contribute to the spread of misinformation & disinformation, & erode trust in the information being shared or retweeted on the platform. The use of fake puppet accounts is a reprehensible practice that has no place in civil discourse. We must all work to promote transparency & honesty in online conversations & to call out & report those who seek to deceive others through the use of these fake puppet accounts.

Skate.

I do not have twitter and the less, the better I feel..already am on FB and 10 sxxt posts, 5 of them ads for one I have an interest on.

 

[Skate]

When they tell you it can't be done
The naysayers & sceptics who say that something cannot be done or is too good to be true are simply revealing their own limitations & lack of imagination. It is true that some things may be difficult to achieve or may require a great deal of effort & persistence, but that does not mean that they are impossible.

As Willy, the 1984 LA Olympic mascot once said, "Where there's a will, there's a way."
This quote serves as a reminder that with determination, creativity, & hard work, we can find solutions to even the most daunting challenges. The key is to maintain a positive attitude & a willingness to explore new possibilities.

So the next time someone tells you that something cannot be done
Or is too good to be true, remember that their words are not a reflection of reality, but rather a reflection of their own limited perspective. Instead, channel your inner "Willy" & believe that with perseverance & creativity, anything is possible.



Skate.

 

[Skate]

Constructive criticism, some just can't handle it
Let's face it, some people just can't handle constructive criticism. But effective conflict management & constructive criticism require us to be open-minded & consider alternative perspectives. Blindly agreeing with others as a trader can lead us down a path of complacency & mediocrity, which is unacceptable in a constantly changing market. We must be willing to challenge our own ideas & beliefs & listen to the viewpoints of others with an open mind, even if it means stepping out of our comfort zone.

The clash of ideas can lead to greater creativity & innovation
So let's not be afraid to challenge the status quo & consider new ideas, no matter how uncomfortable or unfamiliar they may be. Constructive criticism, when delivered respectfully & received with a growth mindset, can lead to greater understanding & progress. We must use our own judgment & critical thinking skills to arrive at our own conclusions while also being open to the possibility that there may be better solutions out there. It is possible to respectfully disagree with others while maintaining a productive dialogue, & we must strive to do so in order to arrive at the best possible solutions & outcomes. So let's embrace conflict & constructive criticism with an open mind, & refuse to settle for mediocrity in our trading practices.

Skate.

 

[Skate]

Why is there resistance to alternative ideas?
When it comes to trading advice, resistance to alternative ideas can also stem from a lack of understanding. Traders may feel comfortable with their current strategies & be hesitant to consider new ideas because they fear it could negatively impact their performance based on past experiences, leading them to resist change. However, to stay competitive & succeed in the ever-changing market, it's crucial for traders to remain open to new ideas, technologies, & strategies that have the potential to enhance their trading performance.

Traders should actively seek out new information
They should be willing to listen, ask questions, & seek to understand different viewpoints or new ideas. It's essential to approach these discussions with an open mind & without judgment. By doing so, we can establish common ground & ultimately, embrace new ideas which are crucial for continued growth as traders. By remaining open to alternative perspectives, we can continue to learn from others & improve our trading strategies for long-term success.

Skate.

 

[Skate]

Knowledge is EVERYTHING in this profession….
TA is not an exact science – it has its limitations

I have to agree with @DrBourse
In the world of trading, knowledge is everything. As traders, we must constantly seek to expand our knowledge & understanding of the markets, & the factors that influence them. However, it is important to recognise that even with a wealth of knowledge & experience, trading is not an exact science. Technical Analysis, & system trading can help us develop a better understanding of market trends allowing us to make more informed trading decisions. However, we should also remember that knowledge alone is not enough to guarantee success in trading. Risk management, emotional discipline, & a sound trading plan are also essential elements of successful trading.

Even the most experienced traders can face losses
At this time, it's important to acknowledge that the markets can be unpredictable & subject to unexpected events so it's essential to have a plan in place for managing risk & minimising potential losses. While knowledge is crucial in the world of trading, it's not a guarantee of success. As traders, we should continuously expand our knowledge & skills. Technical analysis, for example, can be a valuable tool for traders, but it has its limitations so it's important to approach technical analysis with a critical eye & consider its limitations, such as the fact that it is based on historical data & may not always accurately predict future market movements.

Skate.

 

[rcw1]

When they tell you it can't be done
The naysayers & sceptics who say that something cannot be done or is too good to be true are simply revealing their own limitations & lack of imagination. It is true that some things may be difficult to achieve or may require a great deal of effort & persistence, but that does not mean that they are impossible.

As Willy, the 1984 LA Olympic mascot once said, "Where there's a will, there's a way."
This quote serves as a reminder that with determination, creativity, & hard work, we can find solutions to even the most daunting challenges. The key is to maintain a positive attitude & a willingness to explore new possibilities.

So the next time someone tells you that something cannot be done
Or is too good to be true, remember that their words are not a reflection of reality, but rather a reflection of their own limited perspective. Instead, channel your inner "Willy" & believe that with perseverance & creativity, anything is possible.



Skate.

Good afternoon Skate
Hoping you and family had a great Easter.

This poem has always inspired rcw1.

It Couldn’t Be Done​

BY EDGAR ALBERT GUEST
Somebody said that it couldn’t be done
But he with a chuckle replied
That “maybe it couldn’t,” but he would be one
Who wouldn’t say so till he’d tried.
So he buckled right in with the trace of a grin
On his face. If he worried he hid it.
He started to sing as he tackled the thing
That couldn’t be done, and he did it!

Somebody scoffed: “Oh, you’ll never do that;
At least no one ever has done it;”
But he took off his coat and he took off his hat
And the first thing we knew he’d begun it.
With a lift of his chin and a bit of a grin,
Without any doubting or quiddit,
He started to sing as he tackled the thing
That couldn’t be done, and he did it.

There are thousands to tell you it cannot be done,
There are thousands to prophesy failure,
There are thousands to point out to you one by one,
The dangers that wait to assail you.
But just buckle in with a bit of a grin,
Just take off your coat and go to it;
Just start in to sing as you tackle the thing
That “cannot be done,” and you’ll do it.


The absolute joy of doing something outside one's comfort zone when many warned you it could not be done. Where were they all once it was achieved?? ha ha ha ha ha ha

A person's mantle is tested in bad times, on how they act and whether or not it is in a dignified and respectful manner. The battler, the one that does all the hard yards, takes the ball up into the defensive line, time and time again only to be belted... but still is eager to make amends with grit and dead fast determination.

It is these people that rcw1 warms to most.

Have a very nice Easter Monday

Kind regards
rcw1

 

[Skate]

A person's mantle is tested in bad times, on how they act and whether or not it is in a dignified and respectful manner.

Yes @rcw1, I've made a series of posts today because I wanted to bring attention to the fact that even Twitter users with verified accounts (i.e. the "blue tick") can be disrespectful, as I mentioned in a previous post. My intention was to raise awareness of this issue & encourage respectful behaviour on social media & in our community.

Skate.

 

[Skate]

Technical analysis can be a powerful tool in a trader's arsenal
But it's important to remember that it's not the be-all & end-all. While technical analysis can help identify trends & patterns, it can also have limitations, such as the inability to account for factors that can impact market movements. These factors can include takeovers, mergers, changes in government policies, & other unexpected events that can disrupt the market.

As traders, it's important to stay informed
Stay informed about what? About all factors that can impact the market & use a range of tools & strategies to inform our decisions. This includes keeping up-to-date with economic news, global events, & market trends courtesy of @ducati916 daily posts. It's also important to have a thorough understanding of financial instruments, risk management, & the psychology of trading. While technical analysis can be a useful tool, it's important to approach it with a critical eye & complement it with a range of other skills & knowledge. By continuously updating our knowledge & skills, we can remain relevant & successful in the dynamic world of trading.

Skate.

 

[rcw1]

Yes @rcw1, I've made a series of posts today because I wanted to bring attention to the fact that even Twitter users with verified accounts (i.e. the "blue tick") can be disrespectful, as I mentioned in a previous post. My intention was to raise awareness of this issue & encourage respectful behaviour on social media & in our community.

Skate.

Nice.
rcw1 ain't on Twitter... What is twitter ha ha ha haha ha ha ha
Was on facebook once, thinking...

You want rcw1ring mobile...or better still come and around see rcw1 as rcw1 likes visitors. ha ha ha ha

All good m8 there are bold unscrupulous wicked people everywhere these days.... rcw1 just ignores them and they go away at some stage the more one entertains them the more they get they get their jollys ...

Just got back from fishing. Bloody hot .. ;got a feed... not much to write about though.

Kind regards
rcw1

 

[Skate]

ll good m8 there are bold unscrupulous wicked people everywhere these days.

@rcw1, I find some people are like clouds. When they go away, it's a brighter day. Also, there are some members who have the knack for making me happy, some when they arrive & some when they leave.

Skate.