Recent content by glassinc

Sure every year people overcome an 75-80% drawdown that occurred during the past few years in one of the better turns in market history. With just a few trades they turn 90+ k into a few hundred k. If you're unable to make money these past few years, you need a serious restructuring, or just...

The majority of us would be in agreement that there is no single Holy Grail system for all market conditions. One can create or adapt ones beliefs and behavior to have a system or systems for a part of the several different market types. Having a means of identifying which market type you...

With just a glance and quick math. All the losses greater than 2% of account equity equal this drawdown, primarily the last two and another notable of 3400ish. The strict discipline of risk per trade in the 1-2% and cutting losers there will prohibit a few poorly managed trades from damaging...

A classic as well as very profound quote from one of the most successful of all time.

The JCP was mainly bought on margin, so he could hardly hold on. When faced with such a loss, the last thing most people consider is keeping any for a turn. They just off load it all to help alleviate the emotional suffering they've brought upon themselves. Not always but shortly thereafter...

No idea. Just filled out the info and waited to see. I remember asking someone and they told me, "If we told people that or more is what they put down to get approved."

I am at Tradestation, and it's not just about experience. It also has to do with your financial situation, as in liquid net worth. Even though it isn't all in your account there, they require you to provide the info to gain approval. I have level 4 and trade spreads mainly, the 4 alsos allows...

How is returning a rate to where it was originally, really considered a raise. It was a bad idea in the first place when it was funding Social Security, which needs all the help it can get. If a 2% take above what you were getting the previous year is going to make you or break you, compared...

How is returning a rate to where it was originally, really considered a raise. It was a bad idea in the first place when it was funding Social Security, which needs all the help it can get. If a 2% take above what you were getting the previous year is going to make you or break you, compared...

Even a systematic approach is defined in part by discretion. The two do not exist completely independent of one another. They are linked by what we believe about the machinations of the market, and the psychological tendencies of the participants.

The greater frequency of winners vs. losers doesn't matter. What matters is that avg winning trades is larger than your avg losing trades, creating positive expectancy. From your table above avg winning week is 6801.43 vs avg losing losing week of 11442.40. There isn't a positive expectancy...

This is the way Neke wants it, so nothings changed here and no surprise. Neke you say you want to look at this as an isolated incident and not the norm. Yet it is the norm and not an isolated incident, therefore the continued drawdown. You are not addressing the issues that have you in...

Tis the other factor, being us or this case Neke. Positive or negative results from trading are from what we do, or don't do. It matters not what the market, futures, indices, individual stocks, etc do. It is our belief and subsequent action, or lack thereof that determines outcome. It is that...

Some of us have attained to what you ask in both aspects. Trading may be nearly absolute, however rich is relative. In this country even the average person is wealthier than 85% of others in the world. Dependent uon where you're looking to com;pare yourself the majority, or the minority? Why...

With 10 weeks left in the year 50% isn't set in stone yet. The opportunity still exists to minimize your loss, or increase it. The trend is down and I believe it remains so. The saving grace could be a potential rally in the 4th qtr., could be helpful if managed correctly. I believe past...