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Just a word of caution, when I said "good" setup, for me it would be something at least I understood its dynamics AND HAD BACKTESTED IT MYSELF. I backtested a few discretionary systems sold on the market that sound great in theories. Some of them break even after commissions. Some of them...

Chapter 3 "If you overesteem great men, people become powerless. If you overvalue possessions, people begin to steal. The Master leads by emptying people's minds and filling their cores, by weakening their ambition and toughening their resolve. He helps people lose everything they...

Please do put up the translation. :) I use Stephen's translation because I thought at least his first chapter does not sound too weird. Some of the authoritative translations seem to miss even the literal meaning... I did not compare beyond the first chapter. I figure if they start with...

Chapter 2 Cont... "Therefore the Master acts without doing anything and teaches without saying anything. Things arise and she lets them come; things disappear and she lets them go. She has but doesn't possess, acts but doesn't expect. When her work is done, she forgets it. That is why...

Mark was eating, sleeping, shitting market 24 hours a day. Had Mr. Market done that? Like Marty Schwartz, I think Mark eventually burned out a bit (who wouldn't going at his rate)...

The number was a guess. You might want to reread Market Wizards I. Mark was truly obsessed with the market and technical analysis... I still don't think he would enter a contest again. Mark Weinstein interviewed in Market Wizards by Jack Schwager: "Although the cheetah is the fastest...

I think you are probably talking about Mark Weinstein in Market Wizard. He had a ridiculous win/loss ratio... Jack Schwager guessed somewhere like 99%. But then I don't think he would enter a contest two years ago.

Chapter 2 When people see some things as beautiful, other things become ugly. When people see some things as good, other things become bad. Being and non-being create each other. Difficult and easy support each other. Long and short define each other. High and low depend on each...

Nice. :)

Chapter 1 cont... Yet mystery and manifestations arise from the same source. This source is called darkness. Darkness within darkness. The gateway to all understanding. Although you can't see anything in "darkness"... being empty of characteristics... darkness also includes...

I started another thread "Dao of Trading" which should reinforce some of the same themes. The thread is gonna discuss Lao Tzu's "Dao De Ching" and not Larry's great book "The Tao of Poker."

I am less interested in babbling by myself... Hoping for open discussions and exchanges of ideas. BTW, Larry W. Phillips had already written a great book "The Tao of Poker."

Assuming the P/L distribution of trades are normally distributed (bell curve), a sample size of at least 30 is a general rule of thumb for estimating population mean and variance etc.

Chapter 1 con't... "The unnamable is the eternally real. Naming is the origin of all particular things. Free from desire, you realize the mystery. Caught in desire, you see only the manifestations." The truth pervades everything. If you label the truth as A, then it is not B...

OK... we got here a trader-wanna-be (me), a mute, an old man took a long shot, a racist, and a sadist... Should be interesting...

... If yuan is devalued oil will go up, gold will go up, the cost of chips will rise, INTC will have less profit margin, and your NQ trade... Good night.

Err... Lao Tzu is immortal and I saw him talking to Elvis in Vegas.

Right on! :)

Dao De Ching based on Stephen Mitchell's translation of Lao Tzu's classic http://www.edepot.com/tao4.html Chapter 1 "The tao that can be told is not the eternal Tao The name that can be named is not the eternal Name." Conceptual inputation of the truth is not the same as directly...

What does it do exactly? Can you program your own trading system into it? Or is it just a bundle of systems with flexible parameters? Thanks. :confused: