Quote from: dibley8899 on November 23, 2019, 04:30:31 AM

Alex since your talking facts there and trying to come over that you are correct then lets see your PNL for the lat 12 months based on this. Proof is in the pudding.

I don't want to see hyperthetical numbers either just COLD hard trading data fact in an account as hyperthetical isnt worth Sh.....

Ive studied trading for a long time and come to the conclusion that 99.9% of all traders are full of Sh.... they dont have 6-12 months of real trading data that they can show .....this is outside of the large banks/funds.

So I'm waiting for your data.

What people dont realise is the upside performance is ALWAYS the equivalent of the downside or greater so if you are generating 20-30% returns then you can expect 40-50% drawdown. It's after this drawdown that you have to be bang sure on your system as when it gets to this point you will for whatever reason not take THE winning trade unless you are 100% sure on your system.

So I deal with THE BEST FUND in the WORLD, it generates an average of 33% per annum over 25 years at its high point but drops back to 22% during the low point, nothing comes close to this but to hang on for the gains you have to hold through 30-60% drawdowns. This is a proven fund with legit performance registered and adminstered and audited by a large accountancy. Anything that will not go through this process is not worth SH.... and there is a reason they wont go through this process AND that is because it doesnt work or the profit will be too small and not cover the fees.

Yes armstrong had a sheet of paper with performance on for 1 year but when you look at it it is just a sheet of paper with numbers on, absolutely no proof of real trading. Unless you backtested this system for 30 years you can not be bang sure that it produces ANY return so what you are basically doing is wishful hoping that it goes ok.

Mr A Coder posted what I have to say was the best and most common sense post a few posts back that has probably ever been written on armstrong or trading in general. You would be wise to reread this a few times prior to posting your hoping wishful posts.

OR

You could post some HARD DATA..........I won't hold my breath though..

absolutely agree on your comments on track-records. Anything that is not audited over a long time by a large Auditing firm is just a joke and not worth the paper it is writen on.

Would you mind sharing the name of the fund or money manager you mention here? thanks