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  1. blakpacman

    Q4 2013: A Market Inflection Point

    Always remember there's a fine line between being funny and being an asshole.
  2. blakpacman

    Q4 2013: A Market Inflection Point

    I'm beary disappointed it hasn't gone done further.
  3. blakpacman

    Another computer driven hedge fund closes

    They don't know what other excuse to give. They can't say the dog ate my returns :D Agreed.
  4. blakpacman

    Best book on Lifting

    Arnold Schwarzenegger has an autobiography. I recommend.
  5. blakpacman

    is trading less riskier then starting a business?

    :D :D Msgboards are filled with guys like this. 200 is a heck of a lot of PTers. What kind of business do you run, if I may inquire?
  6. blakpacman

    Seasonal tendency so far not playing out in gold

    September didn't work, but October has a negative seasonal tendency for gold. We'll see how that goes.
  7. blakpacman

    The ACD Method

    Finally the air is starting to leak out of Internet Bubble 2.0.
  8. blakpacman

    is trading less riskier then starting a business?

    Right ... like big brokers see client order flow and may front run big orders, or the HFT that supposedly provide liquidity.
  9. blakpacman

    is trading less riskier then starting a business?

    If one enters real estate in the bubble period, then risk is high, but I think real estate is safer than business in general as a rule of thumb. You can still mess up if you buy into a declining neighborhood, city imposing rent control, or commercial real estate vacancy where you only had one...
  10. blakpacman

    is trading less riskier then starting a business?

    The safest thing is real estate, which is why banks will loan you 80% on the value of the property. If someone opened a trading account with $20,000 vs. someone who bought a $100,000 property with 20% down of $20,000, I would bet that after 10 years the person with the property will have the...
  11. blakpacman

    Truckers to arrest Constitution breakers and shut down the economy

    I say short dis muthatruckin' stock markeet.
  12. blakpacman

    I like this shutdown very much

    mmm... popeye's chicken. Finger licking good.
  13. blakpacman

    gold charts

    http://www.investing.com/commodities/real-time-futures http://www.barchart.com/commodityfutures/All
  14. blakpacman

    This is what happens when we don't use stops...

    Yes, but there were many times I "rescued" the account with good trades after equity falling sharply from overleveraging or simply bad trades. After so many rescues, the end result over many years was for the account to be untradeable (i.e. not enough cash to hold a margin position except in...
  15. blakpacman

    This is what happens when we don't use stops...

    So, how much are you making consistently from trading futures? All I hear from you are generalities, but nothing specific regarding your own trades or equity.
  16. blakpacman

    This is what happens when we don't use stops...

    I was expecting a recession from a real estate downturn, and I saw that the interest rate markets would anticipate that. So, I started buying something like 9 contracts in late 2007. Every time the market consolidated and then touched the aggressive up trendline I added more, trying to double...
  17. blakpacman

    This is what happens when we don't use stops...

    Haha, yeah. Lot of traders like to talk big when in fact most are pikers.
  18. blakpacman

    This is what happens when we don't use stops...

    If your pyramid is upside down, the trick is to know when to get out before you're stopped out because your average cost is so high with so many contracts that any medium correction would essentially wipe out your account. Heaven forbid a limit move that would put a debit balance in the account.
  19. blakpacman

    This is what happens when we don't use stops...

    By your tone you seem to think you know what the heck you're doing. You must be making deep six or 7 figures from your trading? If not, then stfu.
  20. blakpacman

    This is what happens when we don't use stops...

    If you're pyramiding on the way up, then you're adding more and more contracts on each pullback until one larger than normal pullback wipes you out. In late 2007/early 2008 I pyramided Eurodollar futures from $10,000 to $200,000 within a few months until one minor move caused the equity to drop...
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