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Is your selection out of the universe of possible trades 100% rule based? Why?

The fact is this.....when all the rules are 100% defined, mechanical systems seldom withstand the test of time. Thus, most successful traders are "discretionary" when it comes to the implementation of their mostly mechanical or rule-based trading......BUT, the performance of such traders cannot...

Since you said biases on longer time frames are easier to trade, why are you still trading intraday? And, can you briefly state your performance stats like win probability, average win/average loss ratio of your 4 profitable intraday systems? I am curious just how profitable these systems...

Of all your points, probably no. 2 is a good advice if active trading is what you are going after, the rest are standard stuff and I am not about to comment its relevance here...

Dantheman, Whether it is useful stats or not is up to the person interpreting it, assuming that he is even contemplating about making serious use of the stats given. Life need not be concerned with serious stuff all the time. About your advice regarding price and volume, please do not...

I get the impression that you ignore unrealised drawdowns. How else can u get 1% drawdowns with 50% return? Forgive my ignorance, but this is outrageous. Either that, or we are talking in different wavelengths. Maybe you are referring to maximum month end drawdown or something like that. Even...

At the very least, please answer my question of what is your average annual return % ( or what you expect ) and what kind of minimal drawdown ( however minimal ) you do experience in the normal course of your professional trading. No offence but your advice about interplay between price and...

As Eric alluded to, size is a big disadvantage. The others being agency costs like fraud or unwillingness to divulge what they know best, management pressure which is often short sighted and follows the crowd, inability to cut loss for fear of looking stupid etc. Anyway, care to share your...

Thanks for giving your figures. I have to say that 7% drawdown is amazing considering your returns. May I know what you trade and your timeframes?

I am interested to know what kind of annual % returns you are happy with assuming you have at least a $100k account and are free to trade whatever you want using any time frames you like, and assuming reasonable leverage such that you are not taking too huge risks? Please also state your...

Hi, I am not aware of any books specifically for trading quotes but I have a blog just for that Quotable Quotes

good post.

Fear of death is a universal fear which is seldom discussed in great length. This is the most complete description of the process of death from the Tibetan Buddhist point of view. Excellent read. The Tibetan Book Of Living And Dying

My list of Recommended Trading Books. Read them at your own perils!:D

Every trader faces it. Only the winners know how to handle it. The dreaded losing streak rears its head every so often and attacks every great trader. It eats away at your judgment; it saps your confidence. Sometimes, it can take you so low that you think you'll never get out. You're sure that...

Victor Sperandeo has this to say and also this.

Hi late apex, I know what you are trying to say but I think expectancy or slippage or commissions is of less importance if we keep our trades down to a minimal, say, 3 or 4 times a year or even once a year. The idea is to have the widest fluctuations possible in these opposing accounts. You...

:confused:

But the opposite trades are done in seperate accounts by one person. The aim was not not make a net gain but to 1) create artificial track records on one of the 2 accounts. (one is bound to be a winner) 2) to create "trading gains" in one of the accounts and so can use to launder money...

Don't really get what you mean. Can you please explain a bit more?