Vinay Elite    Posts: 640 Joined: 12/9/2011 Location: Planet Earth  User Profile | Originally written by Jim Dean on 3/7/2014 10:03 PM I, personally, have zero interest (actually, "negative" interest) in #1, since for me, that kind of trading (without clear, firm, measurable rules) is a guaranteed recipe for disaster. So, I hope there is more focus on #2 than on #1. But that's just me ... this thread is intended for others to comment on as well. Jim... I completely disagree with you on this point. I for one have been trading for last 25 years purely on a discretionary basis and far from being a disaster, it has been very rewarding. In fact I am yet to find a purely mechanical system which outperforms the performance which I get from discretionary trading. So please don't dismiss this approach summarily. The problem with discretionary trading is that it can not be documented and explained in a methodical way, so I agree that Nirvana might skip the #1 and concentrate on #2 and #3 as mentioned by many in this thread. They should concentrate mainly on explaining the use of OT/VT and various plugins. Trading, whether discretionary or mechanical has to be learned by taking a plunge in the market with real money. Initially the trader with experience will get the money and the trader with money will get the experience. This is the sad reality of trading. You just can't learn it by reading few books and attending courses. Remember...Those who know do not speak. Those who speak do not know. [Edited by Vinay on 3/8/2014 8:23 PM] | |
