tag:blogger.com,1999:blog-8503296865091275205.post4773015507601864669..comments2023-09-28T09:46:46.506-05:00Comments on By Age 25: How to Build a Trading MethodMatthttp://www.blogger.com/profile/15415789784418536589noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8503296865091275205.post-2751015361581045642010-04-23T08:51:34.547-05:002010-04-23T08:51:34.547-05:00Thanks Sweet Pip... its actually not until May but...Thanks Sweet Pip... its actually not until May but it didn't look like I was gonna get to my goal set this year so I might as well prep for next year while I had some free time.<br /><br />Gump - That stat came from me, not Ed, and i'm with you on the control of risk because as you say the future is an unknown. What i'm really basing that idea off of is Ed's idea that predicting future price movements may only be limited to the next bar on the chart, and trying to exploit that in some way, because as you say, the future (and the further in front of your signal) is a progressively more unclear signal. Thus, if you can get a X move from Y signal that moves Z ticks in favor each time, that is something statistically significant that a method could be built around.<br /><br />Cheers!Matthttps://www.blogger.com/profile/15415789784418536589noreply@blogger.comtag:blogger.com,1999:blog-8503296865091275205.post-36400012391702763552010-04-23T01:09:48.937-05:002010-04-23T01:09:48.937-05:00"The statistical probability of reaching a pr..."The statistical probability of reaching a predefined profit target on 80%+ of signals"<br /><br />Haven't looked at Ed's stuff yet but I don't see where that particular statistic could come from and I would then fear a reliance on such. My basic philosophy would be that the traders job is to control what he can control. The only thing he can control is his risk. The here and now present. The future is unknownGumpnoreply@blogger.comtag:blogger.com,1999:blog-8503296865091275205.post-10450895303738373272010-04-23T01:08:42.864-05:002010-04-23T01:08:42.864-05:00Hey Daedalus :)...I just noticed you changed by ag...Hey Daedalus :)...I just noticed you changed by age 24 to 25...so there must be a Happy Birthday in there somewhere ;).<br /><br />Sweet Pip :)Sweet Piphttps://www.blogger.com/profile/03694937509448568526noreply@blogger.com