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+35%. This low-vol grind-fest of a market reminds me of the mid 2000's, it almost brings a tear to my eye. QE has replaced MBS for this generation of market action. For all the speculation on this site about PPT for the last decade, finally we have an actual full-on coordinated PPT action and...

All of you are probably systematic traders to a certain degree. Throw darts at the newspaper and trade? You're systematic. Look at lunar cycles? Read price action? Level II? Chart Pattern by hand? Systematic x 4. All of you are discretionary. Decide to trade your system? Discretionary. Decide...

A relatively uninspiring 25%. Then again that is better than 2008 which was a relatively inspiring: 0%.

It is (sort of) a mean reversion approach. If you trade only the members of the S&P 500 with it, then I would expect that portfolio selection to be the best performing in the world in terms of standard indexes. The S&P is so arbed up / over traded that (currently) it makes for a damn fine mean...

Hmm I respectfully disagree (to an extent). I think there is value in portfolio theory, but I must add the caveat that what the other poster suggests is quite dangerous. Suggesting to optimize based on current correlations and leverage up is a recipe for disaster when you have, say, a liquidity...

Talon, While this thread has been interesting in that you have survived the typical ET flame-assault before people even realized you might have something positive to contribute, I find your continued revelations to be somewhat... disturbing. I say this because there are those of us who may...

I'm in an odd mood. Let us speculate, although we will not speculate every day. Only on days when it pays to speculate. This speculation could be done on any major / broad US index. For my purposes, I will look at S&P 500 cash index (although futures, options, or SPY would be acceptable...

I'm not sure what the exact context of this post is, it's fairly half-baked as most ET posts tend to be. If you're talking about buy / hold / add in a scheduled investment plan: I don't think it is the best option from a risk/reward standpoint, but it is unlikely you will "blow out" with this...

I'm not talking about nuclear war. I'm talking about economic collapse on either a wide scale or, in the case of litigation, on a very personal scale. I simply don't trust the government to deliver on their insurance under certain circumstances, even they have a breaking point. If you want a...

I assume you are American. I assume you have enough money for this to be worth the opportunity cost and hassle. I am not a financial advisor nor do I have any interest in being one, but consider my thoughts and do your own research and make your own decision. Think about the advice you do get...

I'd like to concur with some of the posters in this thread. 5-10 years of grueling, constant study (with no guarantee you'll pan out). I do 1-2 trades/day per instrument. I am either done or orders are locked in by 10-11am EST. At first I wanted to *trade*, I had a more work + more...

When you can tell how an instrument is feeling and where the bets are being placed, then you just fade the crowd and not much else matters. Of course there is timing and probably plenty of variations on the theme, but that is fairly trivial once the concept is grasped. The analysis is extremely...

22 points a contract per day, on average? Do I read this right? If so, you are exceptional traders, truely on a completely different plane than myself. I'm over the long haul average ~ 1.3 pts a day / contract on the ES. Thats after slip/comm. Actually the ES isn't my most profitable...

Objective, repeatable, consistent. Think of it kind of like the turtle challenge, how can you prove the theory if you hand someone something that uses chart patterns and is not objective. You can't, hence a set of very objective instructions. Can I give a monkey the instructions, and...

In order of desireability: 1. Find a better system 2. Lower your transaction costs and max out capital (prop) 3. Sell the system to unknowing consumers and retire a millionaire. If you think these are not in the proper order, then I would seriously consider whether you want to be a...

I don't want to speak for bsm, and I would like to hear his comments as well. However, consider the fact that price action and it's nature throughout the trading session are not, I repeat not, normally distributed. Consider two scenarios in which there is opportunity. Scenario #1...

In my humble opinion, a thread like this is proof that one should fade the crowd whenever possible. It's also easy to tell who has a real repeatable _system(s)_ Something that can be passed on to someone else and with only *reasonable* discipline this person can execute. In fact it can be...

One of the better posts I've seen recently. Bsm it sounds like you and I have something in common. That said, please avoid giving away the family jewels on ET ;)

Well Tums I guess I should say that I am a short term speculator. That said though, if everyone bought in june, we'd probably be lower or around the same area. See: "Market Guru's" for the last millennia for examples of this. Start with recent's like Bob Prechter and work your way back. Most of...

Interesting point austinp. I certainly don't mind inferior competition or other participants whose strategies are not heavily correlated with mine participating in the market. In fact I strongly encourage it as it boosts the liquidity wall of a particular instrument. I just don't like people...