Replies to post #3509 on T/A ETF AND INDEX

[2X-Be-Me]

Thanks for taking the time to write your explanation, Poker. I like your reasoning. Next week will provide clear answers. My charts, as yours, indicate we're topping or have topped. Let's hope we're right. 2X

[farooq]

PS, I think you never heard of Ed Sykota.
He is the brain; his views are completely opposite to you on mechanical trading system.
His return for a period was around 250,000%.
Farooq

[mr_cassandra]

Grail systems. I disagree on one point poker. The idea that if it worked everyone would use it gives way too much credit to mankind as a whole. Think back over the years of your own experience, how many are discouragaed at 1 loss, how bad do they react at 2 in a row? They would 2nd guess any system, be discouraged at drawdowns and chafe if their signal did not get every last penny of a move. Back when my program used to take 5 minutes per day to update, I had more than a few people ask if there was anyway around that 5 minutes work?

Last but not least there will always be 'grass is greener' syndrome.

I say unless it delivered 100% winners almost weekly and delivered a check to their account automatically, no system or method will ever become widespread, no matter how good.

The reason is simple: humans are a flighty bunch.