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who cares what you're reading? the fact that its in print does not make it so. ever read a book criticizing daytrading? obviously you didn't take that to heart. Firehawk, I only said the "fame theory" was also postulated by someone else, in this case a book, not trying to force my opinion on...

... if you thought that there is an above 50% probability that your next betting result will be negative, because your previous result was negative, then instead of reducing your size, why don't you simply pass on the bet (or take the opposite side.) There is more to this than the casual...

Ever see a CatastrophicMarketCollapse... Rock, at $5k/day you can afford to stockpile a bunch of options and will make even more in event of collapse. But if trading rooms works for you, all the best. I ran across an interesting book at the book store talking about Internet trading...

Not bad the puts were cheap being so low strike. Nice straddle. I was looking at this as an "all-or-nothing" play. Either you believe ENE will survive and merger will go through (go long calls) or you think they will go bankrupt (go long puts). It felt like a crapshoot for me so I stayed...

I try to NOT dip into margins.. 1000 shares of a $20.00 stock = $20000.00 ...it don't take too long to have 1/4 of a million bucks at risk...I'mFatButMyBoysAreSmall!!! With a 1.00 stop loss your risk is a lot less, even with margin and slippage. If you did have 12 positions...

Rock, with such consistent profits, why aren't you going in with more size than 100? At 1000 shares that's $5k/day based on your average numbers.

This is negative expectancy system. If your bet size is always 20, you'll lose 120 pts. Let's say your starting bet is now 10, and if you win, you reduce your next bet size by 2. If you lose, you adjust your next bet size by 2. Results: (+20x10) + (+20x8) + (-20x6) + (-20x8) + (-6x10) =...

gh, I only use limit order strategies when shorting stocks. Hence, some momentum strategies where I use stop/market orders on the long side I do not use for shorting. It's one of the drawbacks of being a retail player.

Ah, you were being facetious with "hedge funds". Got it! :D

This is why it is silly for "so-so" traders to go out and get a lot of capital trying to start a "hedge fund" to get 15% ROI per year (and yet, some people donate to these things!). Don, I don't think the hedge fund comparison is valid in your example because the vast majority of hedge funds...

AAA, I've set aside $100k of my account equity for daytrading (where I exit all positions at close and carry no positions overnight). My bread & butter has always been system-based position trading. I use intraday to enter the market, but the positions are held overnight for average of 10...

Kicking, I never got Gann or Elliot to work for me other than to provide me with a general perspective on the markets, but I do know some traders who feel this is the best treatment on the topic with regards to practical trading: <A HREF="http://www.wavetrader.com/"...

stock777: Can it be proven, that any betting methodology can predictably enhance the return of any system? Again, I'm speaking of methods other than the maximum efficent use of capital as in a Kelly system. Yes, there is a methodology to enhance the return of any system with a positive...

What kind of reception do you get in hilly areas where your FM radio reception has lots of noise?

Very intersting indeed. Note that the Open Interest is zero. I wonder if they just started trading the 2.5 on Friday? If you believe the ENE will not go bankrupt and the merger will occur, there seems to be a lot of potential bullish spread opportunities, including just buying 2.50 or...

Thanks for starting a new thread! I hope this thread doesn't turn into a "why your method stinks" but rather discusses the pros/cons of both objectively. My goal as a systems trader is to try and model/dissect/analyze profitable ways to trade the markets. In many cases, all I am doing is...

ktm, ah, I understand what you're saying now. The ENE 2.5 strike doesn't show up on my option chains list. Do you have the symbol? Maybe when a large volume stock tanks as much as ENE, and there are merger talks, they add the strike as a special case? I'm curious myself. A good...

Hitman: ***Those of us with ambition hope to one day run one of those large funds, which we cannot do with discretionary trading 100k shares per day.*** That's the comment that got into my nerves... Hitman, that comment was posted on a different thread, called "Day Trading Systems". You...

I may have been my mistake to post systems trading-related discussion on Hitman's thread. If you check the posts, I was simply replying to Hitman's original post of how he did well on Friday, and I said "damn!" b/c I would have done well as well based on my systems trading but I decided to sit...

Dottom, nice to have you here... you add to the debate and that is fine. But I would appreciate it if you showed a bit more respect to Hitman in terms of your tone... OK, you may not like his style, but Hitman is an old-timer on these boards (who happens to be popular for his journals), and I...