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For a guy named logic man, MAN you lack logic LOL:p

Blame the states. Sales tax should be harmonized. You've got states competition.. so that last year big corporations didnt pay taxes, they got free money instead.

If I'm, what are you LOL:p

LOL

yes thats true. you need to look at the market in context. but fact remains indexes are borad based thus more prone to reversion to the mean. I have never heard of S&P limit up 3 days in a row, like in grains.

let me put it this way. when S&P is overbought usually is pulls back. Not so for single item based markets like commodities or currencies.

Well, since the S&p is a broad based index, is it less likely to trend compared to commodities and currencies. So a reversion to the mean is more likely. That said, the last 2 years were abnormally trendy for the S&P.

I'm long. I have news that they will increase debt ceiling by 2 trillion next month. Markets already reacting to this news in advance. Shorts will get CRUSHED. S&P 1600 in a year is possible.

Im in need of the same thing.

jesse livermore used stops and bankrupted 4 times.... people think stops protect against 4-sigma events, bankruptcy, w/e it doesn't. not in the long run.

wow, seems I hit a nerve. You know im right. :cool: If a system says you to short every day for 2 years, the same system with daily stops will perform the same or worse than the same system without stops. i love how common sense eludes many.:p

these are the same guys that use technical analysis intuitively, basically they say they used past history to trade price, but at same time are too lazy to test what happened in the past. same guys who never tested whether stops really work as they say they did never tested for volume.. light...

plus, if you think its the same, why use a stop? you can just exit. stops are unnecesary, u say so yourself

the biggest problem is you still dont see your 2009 example sucks. lets say i have a system which tells me to go 100% short for 365*2 days in 2 years. I go short march 6. I get stopped out. Next day it tells me to short. I go short. I stopped out. Repeat for the next 365*2 days minus 2 days...

i think u r using the semantics game. if a system is telling to exit, you exit. if your system based on price action tells you to exit, you exit. however if you exit based on your original stop, you exit not based on price action after initial stop. Now you say you adjust your stop. But this...

you are basing your exit if stop is hit on price action previous to opening your position. but you are basing your exit when profit is made on price action previous to opening your position, plus the price action between opening your position and profit target reached. since you say you...

if you think about it how do u know at the moment you create your stop, that if market goes down there is it bad for position? lets say you put in trade at 10 oclock stop 10 ES point hit at 11 o clock but ur stop at 10oclock 10 points down so ur stop you initiate at 10 o clock...

jesse livermore used stops and bankrupted 4 times. if that doesnt that you the issue that stops hide the fact u use too much leverage then healthy then u dont know, stops are used to hide overleverage.. stops lead for many to ruin. jesse livermore example shows you c;learly stops dont...