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Haha, v funny: All the old paintings on the tombs They do the sand dance don't you know If they move too quick (oh whey oh) They're falling down like a domino All the bazaar men by the Nile They got the money on a bet Gold crocodiles (oh whey oh) They snap their teeth on your...

Do u mean Suez canal?

Decreasing size might be difficult if you're only trading 1 or 2 lots, of course. The granularity effect.

Yes, as vol increases, decrease size definitely. Widen stop? Maybe. Note that if you operate on some sort of 3:1 reward/risk ratio or whatever, the profit target would increase by 3x the increase in the risk level, which may not be justified (i mean did vol jump 3x?) If the volatility becomes...

If you're not going to back test it, then at least just simulate the trades in real time over say, a month, and see if it works, before you risk any money. I personally think the thinking behind it is sound in that you should end up with a normal distribution of winning trades, but a fat tail...

Why do you think expectancy would be zero?

Can you not test it historically over, say, 500 (non-correlated) trades?

Yes, will probably work if you let the profits run and cut short the losses. Test it out.

If you don't use stop losses, either real ones or mental ones, you will go broke.

+1

We (in the UK) are paying almost $8 per gallon :eek: Most of it is tax.

Nonsense. If I could buy and sell yuan freely, I would convert much of my currency holdings into it. As would many, many others.

Better advice on here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=212642

Why do we bother to respond then? Waste of time. Latinotrader, in your above post, joe ross said that, not me. Pls take care when you quote others to make sure you are quoting the right person.

ROFLMAO Rasputin...was a prop trader! http://www.youtube.com/watch?v=kvDMlk3kSYg

I read your post and laughed out aloud before i could stop myself. Sorry.

Well, I'm not gay but it may be something you wish to consider since if you represent the overweight, dirty slob, you are not going to have much of a chance with the ladies.

Reread all the above posts. I think you're missing the point.

"I once lost 11 consecutive trades. The odds of doing that are astronomical as I later discovered. I don’t remember the exact figure, but it was something way more than a million to one." I've had a strings (yes , strings) of losers more than that and the odds were certainly not more than a...

Actually, unshaven, overweight, dirty slobs in a cluttered, dirty environment would give the (correct) impression of a lack of discipline which no doubt reflects in their trading as well. Should also add that it shows they have low (probably zero) standards.