Comment on Mr Consistent returning incredible returns

vicky commented on 06 Jan 2014, 08:22 PM

Hi Madan,

Thanks for your reply. Trading is simple (before we start trading and once we become master, but the journey is difficult). I put a famous quote from Bruce Lee (famous martial artist) – “Before I studied the art, a punch to me was just like a punch, a kick just like a kick. After I learned the art, a punch was no longer a punch, a kick no longer a kick. Now that I’ve understood the art, a punch is just like a punch, a kick just like a kick. The height of cultivation is really nothing special. It is merely simplicity; the ability to express the utmost with the minimum.”

Now regarding the first question, to put it another way, Generally I see myself having upto 3 trades in whipsaw days as it is not possible to know whether the market will be whipping up and down. It is only in the evening we can see that we had whipsaw day and could have avoided these whipsaws by either not trading or keeping TSL at 2nd level pivot. As your trading style is 95% mechanical, Do you also see yourself having 3+ trades in such whipsaw days? And do you tighten or loosen your TSL based on such market conditions or do you have fixed TSL at swing low + fixed points (based on your mechnical trading)?


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