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the more trades a system has under its belt, the more reliable the stats. I Feel you need a high frequecncy system for this to work as you have to average a typical bad losing run. I have been avaeraging based on over 5,000 trades over 10 years so my stats are more relaible to average.

Get well soon corey. In the meantime I have a question for others here while we await. I wanted to hear peoples opinions on Equity curve trading. Basically trading your eqyuity curve to try to smooth. Initially i thought 'no way', this will not work as trading is too random and so are...

hi lescor, have you got an update to your year? would be interesting to see your stats again. many thanks if you can do this.

you guys are so rude man, no wonder ET gets such a bad name. What did the guy do?, He only wanted some advice on wether his deal was good. Just because you are failed traders don't mean he will fail. Lescor started with just $40k and his account went as low as $15k at one point yet...

just seen this quote from you: "What you do is estimate the worst case scenario, how much you think you'd lose on a "really bad day". Then double that amount. Determine your share size based on that and make sure you're ok with that much potential red some day." with the above formula in...

es and nq pair trade, thats rare. Was this a pot shot trade?, be interesting to know your record for the year on 'instint' pot shot trades and if they contributed to your p and l. Looking back i see you started trading with a $15k prop account and in your first full year trading you netted...

hi, i think you mentioned you have an assistant who helps you eliminate stocks in the news so it does not mess with your analysis. Does this mean you do not trade news stocks?, what about earnings?, do you trade stocks that have just reported? shorting the strong earnings and buying the...

hi lescor, just wanted to wish you a good xmas and new year and thankyou for this thread and your time. i really hope you can do another 'grinding it' thread for 2011, i think its good for you and helps you talk about your trading as your performance has been great this year and you have...

hi lescor, if you were only able to trade one symbol or lets say just the market. ie ym, es, dia, spy, would you still make enough money?, Is it the high frequency aspect of your trading that is making you successful? regards,

yes i know that, im not stupid nor a beginner. Some traders prefer to tame volatility some don't. if you look back over lescor thread and read it all as ive done you will see that lescor prefers volatility where as most traders don't. The gains are greater when markets are volatile...

good artice.......... main difference between them and you is you prefer volatility and they close their books when markets are volatile.

Also can anyone else see the pattern of these stocks above? If you look back of all of them a decent sized sample you can see that if the stocks above gapped up or down upon open while being OS/OB on open then good chance of the gap being filled, anyone else notice this? I run a backtest...

if these were traded on 31/08/10 then they were all OS on my 60,30 and 10 min macci upon open. So i take it as a RTM trader these were all long trades near the open?. What was the average target for these trades if you don't mind?, as from what i see on that day they would have been scalps of...

hi, you say before that your systems need to be at least 55% win rate. Is this because of the fact you sometimes add to a loser when it moves against you?, so in effect you are averaging down but as your win rate is above 50% you have the expectancy in your favour for this style of trading...

why dont you adjust your postion sizing relative to the volatility of the individual stock?, for example trade larger size when things are quiet, and trade smaller when things are busy? This way you would not need to rely on volatility and your performance would be smoother?

my basket for yesterdays trading due to a mixture of earnings exagerated move, vwap +/- 2 std deviation, gaps. csco short got this wrong rick long correct cree long correct pcln short correct adbe long correct petm long correct

hi, its not as easy as this just scanning for gaps. Stocks that gap up are strong stocks and stocks that gap down are weak stocks and don't always revert back. I admit stock selection is the key to this method and probably the most important area as you can eliminate most of the market...

hi, i know you say you do not pair trade correlated stocks but can i assume you are going long and short stocks at the same time? and if so are they evenly matched eliminating market direction? The reason you do not use stops as such is that you are probably well diversified amongst your...

hi, can i ask if you had to start again with your strategies on a small account would you still be profitable? or is there a minimum fund concept to your approach? if you had to would you still make money trading say dma cfd's? or is not viable for your approach. kind regards

hi and total respect to you for what you are doing. Do you use vwap as part of any mean revision you do?, for example i like to see stocks move 2 std deviations away from their vwap. Vwap is a good measure of the mean as brokers will use this as you know to find a good price. Also are you...