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In SoCal over 85% of the loans are ARMs + interest only. Next year, 10X as many ARMs are scheduled to reset as this year. Thats going to be real interesting. Weve probably seen the top here already.

spike500 sounds like he is way off the mark. Still waiting for the evidence of 73% home ownership and 380K net family worths. http://www.aneki.com/richest.html This shows that belgium is at #11 for per capita GDP. Something fishy here. Check this out...

I want to know what country has 73% home ownership and an average $385K net family worth. This country must be at the top of the "richest in the world" and the USA must be about 30 places below it. (sarcasm).

If your systems average max excursion typically takes you beyond 1%, then placing a stop anywhere near 1% would be death. There are many factors involved in position sizing. I use simulation to determine size.

When there is blood in the streets, and the noobs start talking about black mondays, you know its getting close to buy and buy big. I expect to have some huge profitable days soon, going long. Im watering at the mouth already. I cant wait for all the scared little traders with no spine to...

Your spreadsheet calculations are completely wrong. In column 2 you subtract the 18%, but then on the next row, you ignore the money you just removed, and apply the 60% gain to the *PRE* 18% value. Basically, your column 2 is nothing more than 60% compounding every year, with 18% removed...

Ive been buying like crazy today, what are you talking about? :)

If X% of systems fail because there is no edge, then an additional Y% will fail when they automate, because they simply dont have the technical skills required to fully automate or automate properly. That said, fully automated systems that pull money every day, that have a real edge, and...

Again, learn to read kid. I cant believe how incredibly poor your reading comprehension is. Here is the quote: "A trader with a 200K account making 20% a year works out to be $363 a day, assuming 220 trading days a year." Does it say "*A* trader with a 200K account...", as in a...

If I had to create a fictional character, with all the attributes necessary to blow out accounts and fail miserably at trading, he would be exactly like you. Your ego is out of control. You have lost most of your money already in a very short period of time while telling yourself you are a...

Wow, you really are a complete idiot huh? Could you please show me where I claimed to have 200K???? I only claimed to have *more* than 200K, but never specified how much more. Could you please show me where im scared to trade? I make 30-50 trades a day. Last year, about 8000 trades and...

That is hardly a given. You do realize there are people in the world that try to succeed at something for the rest of their lives, never giving up, and die before succeeding right?

Off to dream land you go again. I hit the trigger 30-50 times a day kid. I know exactly what my win% and profit factor is for my daily trades. Do you??? Of course not, because you havent a clue what you are doing. I stay right around 60% win and a PF of 2.0 or higher in actual real live...

Plug in win/loss 0.5 and pfactor 1.6 That is the worst system I would trade. The edge must be strong enough to clearly over come bad random streaks or im not interested. 55% win, and pfactor 1.3 aint bad, assuming the sample set is large enough. A system must have at least a few hundred...

My systems are in the 60% win, profit factor 2.0+ space. Here is 100 EQ curves with those numbers plugged in. This is what real good trading system can do. :)

He has not shown any talent at all. His wild retruns are easily explainable by a random coin flip. This image shows 10 equity curves generated by flipping a coin. Notice the top line has a 57% return on 453 coin flips (bars). Now look at his returns. Started with 30K Made 10% in...

Imagine a kid who wants to play pro football. He just graduated college and his dream is to be a pro football player. He shows up to a pro football camp and tells them he wants to be a player more than anything in the world, and they should let him start practicing. He has never played...

Nice backpedalling job there. Oh, I get it. I get that you are a hard headed know it all that wont listen to anyone who actually knows what they are doing. Please move your trading to equities. We need more dumb money playing in that space :) I want a piece of what little money you have left.

He clearly knows more than you. You have lost a lot more money.

It depends on my systems max drawdown and max intraday excursion. I start my simulations using 10% of my account per position. If this causes an example max drawdown of 5%, then im pretty happy. 10% max drawdown is the most ill accept. I then check the max excursion. If its within my pain...