Search results

I've got stop-setting down to a science, actually. It did take a long time to realize the crucial variable, though, and I ain't tellin'. One of the reasons I love to read threads about stops is to check and see if anyone else is using the same method. So far, no one is, which is how I like it...

Who needs stops when you're selling vaporware? This thread is the exact same run-around as the last one. Hard to believe it's still open, actually.

I agree. If your trading method is built to suit your personality, it should include consideration of timeframe and how frequently you want to trade. My own method trades with exactly the level of frequency which suits me and enables me to take losses more easily because I know with a pretty...

Well then what's he complaining about? Heat? I meant if his plan to take profits at 1200 is actually "Plan B", he should revert to "Plan A" and get out, even if it means taking a larger than he intended loss. And stick that "Uhh" where the sun don't shine. If you can't find that location...

Once you understand why it's right, it ceases to be hard.

Agree with what others have said about executing your plan. If your plan says you should have been out by now, get out immediately. Trading for a living is a marathon, not a sprint.

I've come to the conclusion that almost any "edge" with a large number of opportunities and optimal money management simply has to be the Holy Grail people speak of because with those things all working for you, you quickly become so unimaginably large a trader that there really isn't any way...

I had to read it twice, because the first time I was disappointed. However, the second time what I took away was that a trader can't myopically focus on one mediocre set-up, with the hopes that it will some day transform from mediocre to highly-successful, to the exclusion of actually watching...

Relatively slow day in the markets, so I went back and looked for the link. http://epchan.blogspot.com/2006/10/how-much-leverage-should-you-use.html

Ernie Chan has a post on his blog about how to calculate the Kelly Criterion for continuous payoffs like equity/commodity markets, as opposed to fixed-odds payoffs like betting (I'm not using the exact terms b/c I don't want to go look up the post, but it's there). Ernie's number ends up being a...

But isn't it possible that your experiment is a "false positive"? Yes, there are "trends" in random data in some, maybe all, instances, where the data set is large enough, but that isn't sufficient to prove that market movement is random, which is what it would need to be for your "proof" that...

I understand that you might not be a computer expert, but, if the strategy is as good as you claim, you're making it look bad. Also, a simple text post saying "Bought at XYZ level" in real-time, followed by another simple post saying "Sold at XYZ level", also in real-time, would be more...

What's weird about this thread is that the OP seems to think that posting a picture file hours after the fact is the same as "real-time". To me, "real time" is something quite different. What do I care about some picture saying you made a trade at 1PM ET, but posted at 5PM ET? Tell me about...

I'm sure you mean "the equivalent of 4,000 traders with $25k accounts" because the way you've stated it would mean that over the course of a 250 trading day year 1 million $25K account traders would go belly-up, which seems a bit high, since I doubt there are even a million traders trading that...

I've read some people who suggest that it would have to be profitable over an entire bull-bear market cycle to really qualify. Which makes sense when you think about all the traders who had huge gains during bull market run-ups or who shorted for similar gains in bear market declines, but...

Has anyone ever seen an exhaustive list of the ways in which systems can be curve fit? Or, are there an infinite number of ways, so no list would ever be exhaustive? I want to avoid curve-fitting, but it would help in that endeavor to know exactly what are the curve-fitting pitfalls for each...

It's not that I want one, I'm just operating under the assumption that having one is a necessary evil. I did some Java development back about 10 years ago but getting back up to speed on that is something I'd prefer not to do. That said, if you think there is a tool I should look at, please...

Thanks for the tip.

It's a fair point. My idea is that they are an "arms-length" partner, certainly at first. If the potential payoff after a pre-determined time is a multiple of what their market-based fee would be (and they will get the market-based fee in the worst case anyway), they are incentivized to just...

I'm thinking that maybe to give the developer an incentive to honor it, I would give them a piece of any profits from an account I set up to trade it without human intervention, or, if there are no profits after an agreed-upon period of time, a fixed fee commensurate with their market rate. That...