Unknown Market Wizards: The best traders you've never heard of

The secret of great trading: you need to be fast in the sense of being adaptive and agile, but you can’t be erratic. You can’t get weak knees at every little spike move swaying you one way or the other. You need to be resilient through noise, but not obstinate. So, it’s that line of fast and slow, that adaptiveness, that is really key. The key to a

It meant they had plenty of small losses. Their back-testing had shown that if the strategy was to be traded correctly, it would work immediately. If it didn’t work immediately, the strategy called for the position to be closed.

As it turns out, the highest high-lowest low idea has actually been working for the last ten years. All you had to do was change the 20-day rule into three day. Buy the highest high of the last three days on a stop. Sell short the lowest low of the last three days on a stop.