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Hi Spike, I just read (and found out) about your posts last night... (I went back to those few who gave me good advice in the past.) I have a question... price is price and momentum is momentum (derived from price)?? Wouldn't the system get into trouble when the price and momentum...

Thanks for all the free professional advices for the retail guys like me. :(

I take back what I said about Hubert.

I just want to say I tested one of Hubert's squeeze play a long time ago and it is not profitable. He seems to be a nice guy and good teacher (I am even more suspected of John because of some posts about him here) but just make sure you test (if possible) or digest any information into your own...

How so? :confused:

Hi Flash, I ask a lot of these questions in my head. I used to tell myself like every books that I don't gamble, I follow my rules and grind it out. Then recently I started reading Barry Greenstein's "Ace on the River." Fuck this "I-am-not-a-gambler" crap. I am a fucking gambler, it is...

Hi emini, I took a short this early morning 1305 and played the gap fill exited at 1302.75. It was a good entry with everything was lined up but not too a smooth ride initially. There was a buy entry just below my exit but I have to attend a meeting at work and I have a slight short bias...

I read a thread here about trading a roth IRA being a grey area... Anyway the emini future tax treatment is 60% long term capital gain and 40% short term... without declaring mark-to-market. Works for me.

Hi emini, I used a lot of symmetry, trend lines, etc. When my setup is right, it will not go against me for more than a point... yes 1 ES point (sometimes it does kiss my stop and go... Unfortunately, it affects me more than I would like to admit... still an amateur). In fact, I know...

Hi emini Me three. I am a knife catcher and not ashamed. I bet you did real well last month (some crazy percentage much better than most here). Most days the S&P (not that trendy) will reward you for your balls but it is also setting you up for a nut-cracker when it makes a straight 20 pt...

I remember the impression reading something about putting the drive in the freezer can help reading the data??? If the data is really important, you might need to send it to a pro before messing with it.

I use vanilla fixed fractional size... everytime I try variable size, it got me into trouble over time. My concept of time is what I got from Mark Fisher's stuff. If price doesn't move for a long time, the bus people will get in and that price is bounded NOT to be the best price and will get...

Also, TS simulation doesn't allow you to test trade-thru entry (bid-ask spread). You can try to get around it but the result is still not realistic if your profit margin is low. Testing intraday strategy is tough with TS. The thing I trade cannot be automated and requires some "art" because...

Willingness to accept risk (and loss) = ability to make money is inversely proportionate to the pain inflicted upon oneself. Keep persepective and don't be too hard on oneself.

The profit factor can go a lot higher in discretionary trading. Automating 1.2-ish might be tough in real life. :(

Garbage in. Garbge out.

Do trader A and B use the same leverage? Then trader B can "theoretically" increase his leverage. I also suspected that trader A and B is the same person :D

Very true. One thing the book "Reminicences of a Stock Operator" taught me (another story too painful to tell...) is when you "know" it, you got to go for it disregard what your wife said and when you "don't" know, tighten up and stay away.

There 2 situations I like to get mentally prepared: 1) Stop loss by a tick and then market shots up to my profit target. 2) Market misses my profit target and then hits my stop. For situation 1, most professionals would recommend a plan of reentry. I would rather stay out since good...

http://www.elitetrader.com/vb/showthread.php?s=&threadid=62006 With this simple study, I don't need to trade the whole day for my type of setup (in fact I ran out and got a job). I really believe in "the turtle wins the race"... unfortunately I am not patient enough.