Search results

Thank you for the nice post. I didn't mean to come across as a whiner. I just meant it to be a warning to others that once you no longer stress out over a trade or a series of trades you might also find it difficult to get excited in other areas of life. I'm not the only one to have gone down...

I agree. The long term stress caused the lack of emotion. To much exposure for too long. I was very much animated and into the process during my early years. We used to call mechanical trading "monkey trading", because if you used mechanical systems you didn't need a trader (a monkey could do...

No, trading psychology is not overdone. I checked myself into a clinic in Feb. to find out why I have zero (0) emotions. Just a heaping mass of objectivity. They diagnosed me as having Post Traumatic Stress Disorder. I'm supposed to give up trading and do restful things for the next few...

For research, I write my own tools. The things I want to do are not available in a package. When I've gotten to the point where I'm ready to do edge testing, I write the rules in TS2000i and export the trades for further analysis. I bought it years ago and it's ok for my purposes. If I were...

I'm a Paul on the road to Damascus kind of Christian now and for eternity. Never would have decided through logic to become one. Just happened and there's nothing I can do about it. Unfortunately I've only come across two other people that I can honestly say are Christians. The rest I've met are...

And lastly, my favorite. 50% winner with 3:1 r/r and 100 expectancy.

Third, the 80% winner with 1:2 r/r and 100 expectancy.

Next, the 66% pct winner with 1:1 r/r and 100 expectancy.

Here's a simulation of 5,000 trades for each of the proposed methods with the same expectancy. It's pretty obvious which one of the 3 is better. First, 33% and 3:1 r/r ratio with expectancy of 100.

I'm audited EVERY year.

I usually don't answer this type of question but for some reason I don't feel the need to hide tonight. YES, and I have a personal contact person at the IRS (probably the only people that love people of means). Isn't life just great?

I'd gladly give up all my possessions (which is more than a $1.98) for making myself, my wife, my friends and relatives 20 years younger. I've been married 24 years and I'd love to have the youth of the past to live another 20 years as great as the past 20 have been. Money is no big deal. I'm...

In the spirit of those that would give up everything to be rich I thought I'd post something I learned years ago. I used to be our firms representative to the FIA (Futures Industry Association). One of my duties was to attend monthly dinners with other members in the Wall Street area. At each...

I guess I wasn't obvious enough about the intent of the thread. "Limit your risk...not your reward". You could use the trade management technique with 2:1 or do a reverse on a method that wins 70% of the time and has 1:1 by putting on your whole position and then take off half when you're...

1. Cash settlement. You owe or are owed the difference between your entry and the settlement price on the last day of trading of the contract. 2. Exipiration for indexes are the third Friday of the contract month (March, June, September, and December). On the second Thursday before the third...

Did anyone notice 3:1 reward to risk being metioned as important in the Market Wizards books? Ever wonder why 3:1? It's one of the basics taught to pro traders. Why? Because it allows you to use a position management technique that works like magic. Imagine you make two trades with 3:1...

I took the 10:05 can't make a high exhaustion.... short. Now long from the 12:05 can't cause a crash today... rally point.

You'll probably want to check this site: http://www.wallstreetmostwanted.com/scandals.html

Here's the average daily volume for each year: 1999 - 43,463 2000 - 76,100 2001 - 158,325 2002 - 463,386 2003 - 638,392

OK, here's the numbers from 10/1/03 - 11/30/03 using the ESZ03 contract. I added the volumes into 30 min. periods with the % of daily volume per period and % of cummulative daily volume.