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I'm sorry but I disagree. I do not like glittering generalities in trading they are a distraction. Your statement: “Only display and pay attention to that information which enables you to enter, manage and exit your immediate trade” does not tell me how to trade. Try running any...

I used to have the same problem when I looked at the “take” for the day or week.. Worrying about the money drove me crazy until one day I lost out on a major move my system projected correctly, but I had stopped trading because my profit limit had been reached. So I looked around and found a...

How much goes to Obama?

Wow…riots...free-fire death zone…feral… like never before. I live in the Detroit burbs. I guess will have to get another 10 guns. That’s cool. I can finally put all that training from Nam to work… ….

I have been trading automation many years. Here are just a few of the many important things to keep in mind (said a little different than the others): 1. All Strategies have market characteristics – Love volatility or hate volatility, trade trends or love the swings… Watch out that you...

Come on what’s a few trillion to politicians. Give me a break. And stop worrying so much. These are the good times. In a few years when the middle class is gone, jobs are non existent only then will the riots start (then we will remember how good it was today and only a few will recall what...

In overall bank deposits it is hard to estimate the losses. But in mortgages I have a better idea. We are in the process of closing on a HUD condo (1 bed 1 bath) for my daughter. The condo is only 9 years old. I was able to find the original new list price which $79,900. These were probably in...

From your reply I can tell you are a seasoned trader. I like the content of your response. It states much better what I was thinking when I wrote my response. Thank you.

Hello DarkHand. Yes I believe I have an interesting system. I have been working on it 12 years in Tradestation (before 2000I) with 6 of those years live. It has 9 primary strategies I execute. And yes, I do change my position size based on profits and losses. It is not that hard to program...

I trade automated reversal startegies. In testing I use position sizing to keep losses to a fixed size of the account and by setting strategy parameters to regulate the rate of loss per time period. If this does not work in live trading I shut it down.

Hello Mr J Yes do I believe as you stated that we have found much more common ground than our original postings led us to believe. One paragraph you wrote particularly resonated with my heart strings of trading “This is quite important to understand for people who backtest systems, as...

I took a look at DRYS also. I like the management. But I backed off not from debt but cash flow. The way shipping rates have been cut this industry is in a big cash crunch. I would wait on this one.

I think Redneck hit upon the progression a trader goes through. It is the same with any business. In any business your thrilled with the first sale (profit) and you post your first dollar bill (or what ever denomination) in a frame on the wall or under the counter with great joy. Then the...

BigMark1972 Thanks for you input. Here is some feedback…. For discretionary traders expectancy is the probability or strength of belief that a particular trading action based on past experience and price data will lead to a positive outcome and trading profits. There is no calculation for...

Mr J it is nice to have you back to talk with about this subject near and dear to both of us. For a second let us digress from these messages and pose this problem in a different way and take a new tact. Bear with me and you will understand where I am coming from. I, like other traders for...

Mr J It seems you and I will be at odds forever. You are right. It’s impossible to get a word in edgewise with you. You have refused to answer a single question I posed to you. But I have attempted to answer yours. So here goes. Instead of answering my questions you go off on wild tangents...

Thank you, Jimbojim for your comment. I agree completely. By the way I have the utmost respect for car mechanics since I failed nuts and bolts 101. I recommend all the time to young people to go into your profession. I believe it has a great future. But anyway, I do know my trade management...

Mr J if you Google “Trading expectancy” you get a variety of answers for expectancy under the many entries. Here are some that are I found in the first 5 pages. Which is correct and how do you use it with a strategy? First extract of Expectancy ratio from the web: At this point we can...

Mr J yes I actually read your text. But you failed to read mine…. This is the definition of statistics from one of many web sites “… statistics is a branch of mathematics for collecting and analyzing data to draw conclusions and make predictions…” That sounds familiar. So when you...

Mr J this gets better by the minute… +ev has nothing to do with statistics, it's a mathematical edge So if Expectancy EV = (% winners * Avg win) + (% losers * Avg loss) Then the averages and % are not statistics in expectancy. I though an average was a statistic. Boy I learn...