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If you are looking for the modern Heinlein, that mans' name is John Scalzi. Try "Old Man's War". The start of an excellent trilogy.

I've probably spilled too many beans in this thread already, but I wanted to comment on this one last thing. Most of my testing revolves around the ES. When I started I did this on purpose. If I was going to spend thousands of hours researching systems, it didn't make sense to spend all...

Sorry, perhaps my terminology is a bit loosey-goosey. I am not referring to position sizing. I have spent some time researching that too, of course, and it sounds like we are generally in the same place. I usually just risk the same percentage per trade and call it good. I have found scaling...

As requested, here are some comments on some of your conclusions that I disagree with. Some of my disagreements are because in many cases how you frame the problem determines the answer. For example, most of my research is futures focused and I rarely exit a trade before the close unless I am...

It is great to see people doing their own research, generating questions and researching answers. Kudos to you. My findings are similar here... and here. I haven't done this exact piece of research, but I have tested many iterations of hundreds of ideas, and my default exit for a...

If Canada is an option, I am a big fan of Whistler. 90 minutes to downtown Vancouver also, which is a great city. Aren't Aspen and Vail full of old, rich people? I have only briefly passed through both of them, but that was the impression I got. I was in Whistler over the weekend and there...

Hmm, well metal is so broad these days. I was big into Testament/Slayer/Anthrax stuff in the late 80s, but most of the traditional metal that comes out these days either sounds too derivative or is just bad. There are exceptions of course. The stuff I find more interesting and enjoyable...

Wow I didn't know you guys were talking metal in here or I would have shown up sooner. :cool: Not really metal, but I am also a big Blackmore's Night fan. Nitro, based on some of the stuff you've posted in here, here is some stuff you might like...

I think of the market as a giant puzzle. Nothing really comes close to trying to "figure out" the ES. Barring that, if you have real live people that will play games with you, head over to boardgamegeek.com and soak up the thousands of games most people have never heard of. Some of my...

You are doing it wrong. You should try having everything exactly planned out in advance. When the time comes, just hit the execute button if the criteria are met. If you are trying to make your battle plan after the battle has already started, it is no wonder you are stressed.

I spent about a year as a profitable live player (3/5 NL). I was also break even at .50/1 online NL. Online NL is a very efficient game and a pain to be profitable at these days. I know people that are profitable, but to be profitable it is VERY boring. I was averaging about $5k/month at...

First of all, I do agree with the to each his own part, so please take my replies in the spirit of friendly debate. Second, I completely disagree with the rest of this quote. I think you have it completely backwards. Logic and math disagree with what you are saying. Yes you can still be...

You can't give one example trade and say that proves it. You have to take a holistic view. What happens when they both enter at 70 then the stock shoots up to their profit target before it goes down to the second entry? Maxine: (91-70) * 1000 = win of $21000 Minnie: (91-70)* 500 = win of...

There are 2 threads going on at the same time with a similar topic, so I'll post my point from the other one here. What happens when you pick the right stock to start entering, but you only have a tiny initial position on when it shoots up in your favor. You have the smallest position on when...

I am not one to piss on other people's strategies, but I just don't understand the logic of averaging down. You are always going to have your biggest size on when you have a loser, and on the trades where you enter and it shoots off in your direction for a big gain you are going to have your...

Great post. I pretty much agree with this. I think after 5000 hours you'll be lucky to be consistently profitable. I agree that 8000 to 10000 is more likely. I know new guys don't want to hear this, and I didn't either when I was new, but you need to be committed to putting this time in if...

Well, you aren't likely to be a successful trader regardless of whether you have a full time job or not, if you want to be a realist about it. :) I have personally bypassed this whole problem by circumventing the need to learn to trade. I actually suck at trading... But you don't have to...

I assume you are refering to price stops. If so, this is a very narrow viewpoint. I understand that people develop these beliefs to limit pain, but they will also limit you as a trader. I have systems that I trade that do not use price stops. I would encourage everyone here to be open...

The problem is that many non-random behaviors that you can build a positive expectancy system out of will not be "comfortable" to trade. My main strategy is like this. It requires a few things that many traders would be uncomfortable with. But it has a 2.1 PF, 1.9 Sharpe, a max 13% drawdown...