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If you think that you can devise a system that can be fully automated to trade, then you are totally wrong. All you new traders out there have to realize that the market is traded by HUMAN BEINGS not machines, not super computers. I have said many times that "systems trading approach" does...

You have only been trading two years and are only 21, not that begin young means you don't have experience or are less likely to be successful, but treating everyone else like shit based on your rules is counterproductive. I know you've been a long-time member here and I know you try to be...

If memory serves, I think CBOE rolled out $2.5 intervals back in 1996. The general rule is as follows: <TABLE border=1> <TR><TD>Price of Stock</TD><TD>Strike Interval</TD></TR> <TR><TD>less than $25</TD><TD>$2.50</TD></TR> <TR><TD>$25 to $200</TD><TD>$5</TD></TR> <TR><TD>above...

***Been trading 8 years*** ***I'm only averaging $250/day, but I'm also trading very conservatively. Those of us with ambition hope to one day run one of those large funds, which we cannot do with discretionary trading 100k shares per day.*** I don't mean to be a jerk but 8 year's worth...

don't see how the size of the stop is related to the long term profitability of the trade It is most definitely related. Take the lowest-low of last 10 bars on one trade as your stoploss. Now take the lowest-low of the last 30 bars as your stoploss. You will most definitely get different...

I don't see how the size of the stop is related to the long term profitability of the trade The reason it is related is that different stop sizes have different risk factors. Take a system that exits on lowest-low of last 10 bars. Sometimes the lowest-low of last 10 bars is only X% of the...

Did I understand you correctly that your stop would have been Wednesday's low? My initial stop once my order was filled would have been one tick below the previous day's low, which happened to be a major support point. I do not always use the previous day's low as my stoploss, but rather a...

Whether or not one can gleam positive results from a bunch of numbers is not the premise of trading Don't tell that to the large investment houses that have computer programs arb'ing billions of dollars between stock, futures, & options every day. They wait for very specific numerical...

Candle: My technique is somwhat simpler... if its going up I buy it and if its going down I short it (I figure on whether its going up or down by looking at the tape and at a chart) That's my trading system in a nutshell. But instead of relying on my intuition on when a chart or tape looks...

Actually newbie is not trying to do a progression system or subjecting to gamberl's fallacy (the "due method"). He is trying to describe how he changes position size based on risk rather than % of equity. He defines risk based on stop size. Hence, he is suggesting...

Without going into details of my precise trading system, I have no problems talking about some of its components, which may give others ideas on how I approach the markets. First, when I said opening bar it means an order was filled on the opening bar of whatever time frame I'm following. I...

Hitman: you either want it badly and go all out or don't even think about it. Probably the best advice you could give to any new trader. It's a war out there, and everybody else has better weapons than the new trader.

Hitman, yeah, same here, except I took the day off. I usually sit out on low volume holiday days like today. My system executed a buy signal on the opening bar and rode all trades straight into the close. Would've been easiest, low stress trades in a while but I was on the bench. Would-of...

If you want to trade the QQQ exclusively, consider the NQ (emini Naz-100 future). Make (or lose) more money with less starting capital, and also no need for SEC $25k day trade.

Our "system trading" group which does extremely well, use a "system" of sorts, but have had to add a great number of actual trading bodies to effect trades successfully. The "system" cannot (at least has not to date) perform successfully without the human intervention. It seems to be more than...

Don: It seems that we get a new thought on programable trading strategies almost daily, and I have found that the people who are trying to develop such things are usually very sharp individuals, and that if they would simply put into practice their ideas rather than try to program something to...

FIREHAWK: but to model a particular successful trader(s) You can break down the various elements of the decision making process a trader goes through before initiating a trade. I've heard discretionary traders say they look for specific "setups" then "pull the trigger" when they "get the...

I see where you're trying to go with this DT, but I think the movement of stock prices is a much bigger universe than chess. Chess is a finite system. There is a specific goal and specific utility function that can be applied to every move. The system that affects price movement is much...

I am a fervent believer in systems trading, and I believe that eventually there will be more automated systems trading the markets than people, but this is a long, long ways away. 50 years? 100 years? I have no idea. But the markets will never become "random" nor "efficient" because the...

Vlad has been posting live signals of his <A HREF="http://www.spb.addr.com/index.html" target="_blank">intraday system</A> since October 2000 and has been under the scrutiny of misc.invest.futures on Usenet. His EOD system has been issuing live signals since March 2001. His intraday system...