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We're all happy for your progress :) I remember not too long ago you were around 8 MM hehe. Enjoy the gasoline at 2.17 while you can :/ I just paid 2.77 to fill up yesterday. ugh. I think I mentioned something about correlation and adjusted diversification a few pages back... and you...

Steps to "Get Rich" 1. Learn to spell "guaranteed" 2. ??? 3. Profit!!! Worst. Post. Ever.

I understand what he meant in position sizing, no disrespect taken :P The point I was trying to make is that buying breakouts or pullbacks (as it refers to a trend-trading model) tends to have a higher frequency of losers than winners. It's the nature of the system, so that is why strict risk...

heh. good basic strat... buying pullbacks. Downside is that much of the time that this strat won't work (hence always having tight stops), but when it does work, large profits... so as it relates to expectancy, it is still positive, but win rate is lower (due to false breakouts or pullbacks)...

"We all hold the keys to our own jail cells." I would agree with this in the sense that much of what we do in life, and our failures are the result of psychology and personal beliefs. Bad habits, self-sabotage, addictions, and other things that we succumb to because of our own personal...

grats on breaking 11MM :thumbsup: EDIT: I did have a question.. have you looked into if any of your holdings are correlated price movement wise, or how the correlation spread ends up between them, as a more accurate measure of diversification?

Well if they're going to leverage you up to 10x, wouldn't it be fine for 5-10k... and have the rest of your money elsewhere..?

Well it's generally inadvisible to pick bottoms or tops... but theoretically, the closer to the 'bottom' or support level, or 'top' or resistance level, depending on if you're long or short, the less initial risk (b/c of support levels) and the higher reward (b/c of greater range up/down). As...

I'm not sure how big of a lot size you're trading but IB has .005 per share... and you can still manually enter trades.

Missed the airing.. but here's the article: http://www.cbsnews.com/stories/2006/03/24/60minutes/main1438812.shtml

Hah sorry for bringing up the dead.. but I wonder what ever happened to Funky?? I was doing a search on automated systems and this one came up and I was curious to see how it all went out... Did you ever just start trading your own capital or find someone that would fund your setup...

grats on your first step! It appears you have done well to study. We have fresh meat. But do update us with your progress.

Well, what you propose would increase the percentage of wins, since a lower target is easier to hit. To compensate for the smaller size wins you suggest increasing position size. But as mentioned above, this also would dependon where your stop is and what your actual 'risk' is. If you...

Find a nice fixed income instrument like... bonds or something that pays 10% compounded.

RedManPlus, your gains are so.. consistent!? I'm in awe. Any advise you could give someone new as far as optimizing hedging goes or optimizing a trading strategy? Books you'd recommend, articles, etc.

oops. updated excel file attached, demonstrating what I just said above. EDIT: You're right again dynamic.. fixed excel file for compounded returns; forgot to subtract 1.

Dynamic, thank you for your insight. My original and uninformed line of thinking showed the fallacy of using arithmetic averages to evaluate portfolio performance over multiple timeframes. Geometric averages should instead be used because they show annualized measures of the proportional...

<i>"I do enjoy this journal---But I never get any post---I look at other journals were people just chat back in forth all the dam time....I must not be doing this right.....Would you all be interested if all I did was go SHORT OR LONG THE SPX everyday....Hell a monkey can flip a coin....He may...

Hmm wasn't sure how to categorize this... but something interesting that we may have all thought about before. Why a time-based average (5 year average) might be misleading.. and why smoother equity curves are better for the long run due to compounding. Haven't done any sharpe or sortino...

couldn't agree more.