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The systems all have the same time frames and same concepts (one method for intraday and one method for overnight trading), but they trade 9 different futures (these two methods I use works equally well on all such markets). I am not skilled enough to calculate covariance and similar...

Yeah, poor money management and poor everything, no doubt. Each system makes about one trade per day, on average. But of course with 18k I could only trade 5 or 6 systems per day. And now I can trade only a couple of systems per day (but none overnight). We'll see.

I am going to write it here for future memory and reference, and in case someone would like to share similar experiences. I thought I had it all figured out. I had built about 20 different trading systems, that I thought were quite different among each other, all of them triggered trades that...

Great, thank you. That's what I thought, even if I wrote "16.00" by mistake.

Actually I also have something to say about the forex. An IB representative gave the answer on this same forum: http://www.elitetrader.com/vb/showthread.php?s=&postid=1768889#post1768889 So the forex futures schedule is CST 07.20 to 13.45. Recapitulating, do we all agree that the ES and...

Thank you.

After a lot of research I have found out that the IB intraday futures margin for the EUR, GBP, JPY is from 14.20 to 20.45 CST. Could anyone please tell me in CST what the IB Intraday Futures Margin hours for ES and YM are? I am positive the margin call is at 15.00 CST, so that is also the end...

Correct. At the same time I improved my system tremendously thanks to all the work and passion I put into it, but on the other hand I am unable to use my own reasoning, because I get too excited about the markets (I can't "sit tight" as Jesse Livermore put it). As I said, I can't be perfect...

Well, staying away would work, but I still have to be the one running the system, turning it on and off once a day, and I have to make sure the system is running correctly at least two or three times a day (largely because of anxiety actually). I managed to do it without interfering for a...

I can't do it. It's stronger than me. What I will learn to do is not to touch the system at all. Basically it won't be me trading anymore, just a machine. And that machine in turn will definitely apply the stoploss.

Well, to trade for the purpose of not having to work, thanks to the money you make from trading and that allows you to support yourself means as well that you are trading for the money. I always wanted to be a philosopher or at least to spend a lot of time reading philosophy books. If I can quit...

I agree with many things you said. I think I didn't say them to not risk offending anyone. I will reply sentence by sentence. My mother was a catechist (what do you call it, "sunday school teacher"?), imagine that. She was my catechist, too. Listen to this anecdote. In my family they value...

Thank you for your wise advice, even though from an atheist point of view.

It's very reasonable. And yes, the money was too easy. First of all because trading is easy - I mean you just push a button. Second, any money that is made from trading is extra money because I don't live from trading (and that may be the problem or not). Third. I have been trading for 10 years...

I started a thread similar to yours, and I agree with you. I also had a father who always showed me the stick and never the carrot. I think you should use both. When a child does something right, tell them so, reward them, and don't tell them coldly "you did your duty" or "you could have done...

Yeah, Optionpro007, you made very good points. I agree once again. Actually it was like reading what I think so I was forgetting to tell you that I agree, because I felt like I had written it. It's not just that deep inside I think that money is the root of all evil. I think I have a...

Here's another Livermore quote: "What beat me was not having brains enough to stick to my own game- that is, to play the market only when I was satisfied that precedents favored my play. There is a time for all things, but I didn't know it. And that is precisely what beats so many men in...

Right, I only go after a girl if she doesn't want me. If she wants me I start being suspicious there might be something wrong with her. It reminds of the groucho marx joke, "I wouldn't want to be in a club that accepts people like me as members". It might have something to do with low...

Thank you, everyone, for the encouragement. I think I have found the friendly people I was expecting from this forum. I believe that after losing a few times I have finally learned that I cannot mess with what the system and statistics say. Statistics beats Emotions. Today I finally...

Yeah, there might be some sense in what you said. But I was expecting some quick technique, like "turn your system on and force yourself to stay out of the house until the markets close" or "I had the same problem and I finally solved it like this" or something similar. After all this is a...