Search results

Well, it's a journey of discovery to get there - which can be quite expensive no matter what road you go down. And most systems that back test well just don't hold up under live market conditions and ever-changing market cycles. And you can piss away ALOT of money messing around with one-lots...

Personal observation over a long trading career (started early 1990's) combined with learning about the prior trading history of many of my new clients (175+) that I have worked with over the years. The term "Trade Management", tossed around like a shallow cliche, is treated with mock...

From what I've seen over the years, I have to disagree with you on this point. You give too much credit to your fellow human beings.

Honestly, you need to commit the same energy and focus to your protocol for sitting with a trade (I.e. Trade management) as you do the conditions for entering a trade. It makes or breaks trading careers.

Well, actually, margin is terribly important and the exchange-recognized intramarket spreads are always only a small fraction of the margin compared to the flat price outright futures contract. See for yourself...

I am just not seeing what you are seeing. My clients are generally speaking so happy to be trading an instrument where their stomach lining can remain intact and they can actually hold a position... Flat price outright crude oil futures, 10 minute chart: A simple June-Dec 17 Crude Oil...

I vote for Option 1 but training yourself very hard with Option 2 evenings and weekends. It is doable - I've had plenty of clients do it and that's a fact. I really don't like the idea of negative cash flows while learning and fine tuning a trading system - it's too much pressure and the time...

I sent a copy of the CFTC complaint to YouTube last week on SoT but the channel is still up and running :banghead::banghead::banghead:

It's really creepy that they are keeping their website up and taking new clients as I type this... Is it that they have to be found guilty before they have to stop ripping people off ? http://www.schooloftrade.com/ Apparently a new trader looking to reach their goals can Skype the incredible...

Just asking - truthfully, how much effort have you put into the position management aspect of your trading system ? I ask because I see so many new clients to my program that have done such a lousy job of it before they hired me. And then I rebuild them. You have to put about as much time and...

Passing on a questionable entry set-up demands discipline. It's getting to the firm conviction of recognizing and then accepting what is "questionable" and having the guts to take a pass that particular trade that of course is the trick.

I get what you're saying, but your concerns are easily addressed by solid spread construction technique. For example, here's the front month continuous Daily chart for the CL contract, which on a 14 period study will have an average true trading range of 141 tics, and a maintenance margin of...

Another obvious note that might be helpful to the newer traders: Even if a spread expression is not listed on the exchange margin sheets, for intra market spreads the exchange will almost always calculate a margin credit offset for you.

FWIW, I will personally use the cals to leg into more complex spread expressions. Quite frequently, in fact.

I completely agree - everything you post is for entertainment value only.

you Seriously, speaking of bitches, as the self-generated 'talking-to-yourself' attention whore of the decade based on your last 4 weeks of posts that's incredibly rich. Pure treacle.

You keep bringing up Dunning-Kruger in your posts time and again but that simply doesn't fit in this case. In fact, your statement on D-K reinforces your own circumstance. What you perceive as a crowd response borne of mass ignorance to your superior intellect we now know to be your own DSM...

"I’ve never seen a bad backtest” -- Dimitris Melas, head of research at MSCI.

OK, I can get behind the tangible. Just the weird tangential self-discussion that's a bit unnerving.

So much for thinking outside the box ?