I feel like I just found out the earth is not flat and the moon is not made of cheese. I'm having trouble wrapping my head around this idea. Maybe that's why it works.LeviF wrote:For me, the conflict is that getting out of 99% of the position at 1R (leaving 1% in so the system doesnt jump back in the trade) is better than letting it ride. Again, this goes against all the theory of why LTTF works: returns arent normally distributed - you need to capture the 20+R fat tails, most people arent disciplined enough to cut losers and run winners or deal with lots of losing trades, yada yada. So then what is my edge?...
I will note that one of my systems (an intraday volatility BO method on ES), price targets do not work in any capacity. Time based targets DO work though.