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I know there are a lot of former TCI students floating around out there. Many former TCI students are big time traders/fund managers too as TCI was able to hype their methods to some of the trading elite, not just your average trader looking for an edge. I'm sure there has to be a few former...

I read through all the delta-neutral optionetics stuff about 8 years so some of the content may have changed. Basically, unless you have deep pockets and some level of options sophistication utilizing the delta neutral strategies is very difficult. The course also did not devote enough time to...

Bob, If you want more feedback on the trades themselves you may want to post a screenshot of your chart and annotate with arrows where you entered/exited. SnagIt is a cool program to do that. After you get used to it, it's pretty quick and easy to whip out a chart and annotate it.

or gradual shift to new region...

Crooked wheel?

20% of my equity is in NN EOD model. Average position is 5 days. 80% of my equity is in day-trading where I use a stat model of price/volume/momentum patterns. Momentum is not the traditional ROC, but is taken from DSP in frequency domain. It acts only as a filter to indicate "windows of...

All the high demand books eventually make it as PDF's on pirate Russian sites.... don't know about Crabel book as it is a bit less common than others.

Tell 'em you're a pimp.

The failures of LTCM have been thoroughly dissected in various texts. The failure of LTCM is not proof that variable position sizing while using stat arb strategies is not an effective strategy. With proper risk controls in place LTCM failure would not have happened. Their profits would...

As an example, yes. As a thorough proof of validity of such methods, no. P2 is well-respected on ET and has posted many times on his trading methods. As with all strategies, the devil is in the details. I am curious as to his risk management methods for adding to losers. Hence the...

Good points. Likewise, I've cautioned many times that varying position size in this way can be very dangerous if one is not mindful of return-on-risk, but there are some very practical ways to keep such techniques in check. And just as you can increase position size on trades after failure...

My recommendation would be to first make sure that whatever method you are trading is profitable on it's own using standard money-management (i.e. say 2% of equity risk per trade). If you are backtesting just use fixed size per trade. If you still have a profitable system afterwards then you...

Very true, indeed. What I meant with my original post is that many traders are not aware of their pain threshold. Maybe they start trading with $25k and manage each trade in proportion to a risk on a $25k account, but as soon as their account size reaches a 50% drawdown they completely freak...

Always be mindful of your risk-of-ruin. For some that is to go bust. For others it is a certain amount of drawdown.

AAA, You make very good points, which is why I stated previously that "it is an advanced topic". Often times the small gain in EV is not worth the time/effort/psychological impact in adding that extra layer of position/money-management. You really need to look at overall EV you are getting...

After you've read some basic books on chaos theory then get back to me. Also, I'd like to see your proof that it has been proven time and time again that it doesn't work. I have statistical proof that trend-following systems show increase % chance of a losing trade after a large winning...

I agree that Chaos theory is not readily exploitable by the typical ET reader. I only used swoop's own acknowledgement of market dynamics to refute his view that "markets are random." However, regarding the discussion of varying position size in relation to winning/losing trades is indeed...

Hmm, chaos theory completely refutes your previous comment:

Whether you utilize different position sizing techniques based on series of winners/losers of your system depends on the system itself. The edge that this type of adjustment to position sizing may give over standard money-management techniques may not be enough of an EV gain to warrant the...

Mistake: what makes you think it is a surprise?