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Psychology and Money Management


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Millionaire in 10 weeks & Conversation with broker

  #276 (permalink)

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Don't equate passionately conveying experience for disparaging remarks.

As a member from 2012, don't you recall the thousands of posts just like this one, all of which were proven failures with science and forward testing instead of hypothetical over-optimized backtested results?

The OP has continually dismissed every piece of wisdom experienced traders have tried to convey, because he is convinced he knows better -- without even reviewing the evidence.

Willson View Post
I am disappointed and surprised at the venom and dismissal attitude expressed in so many posts. I thought the members were largely analytical people with respect for analyses of factual information. I was wrong. Most complaints just wanted to disparage the entire concept out of pocket. Seldom or never did I see a scientific analysis of the weakness arears of Merlins system/concept. Is the assessment of risk analysis in error? is the choice of a trading system inadequate? If so why and does it change the results and by how much. Do you have suggestions for improving the trading system? If it even matters. Is the selection of Russell a bad choice? What is a better choice? To me, Merlins system will work. It always has. But the reliability and time scale, profitability and other factors and unforeseen risks are not proven or quantified. So why so much "hate" over the need for optimization and learning ???

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