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http://en.wikipedia.org/wiki/Kelly_criterion np

Your sentence doesnt make sense. And Murray is wrong because Kelly takes into account average win & loss and they dont have to be the same. And Murray is a vendor.

Been using excel. But a big problem is when u add and delete columns over time. The excel turns into a mess.

Agree with the rationale, but would hesitate in drawing a parallel between pro-trader and fund-manager.

Yeah! lets all blame the conditions, instead of ourselves for not making our systems take into account conditions. Makes one feel so much better.

Darn, this is painful to see. It seems like, edges can go away or get smaller or you can stray from your system. For any of those reasons you can start having a losing streak. Then you think about reworking your system or decreasing size. But right then you hit a small winner. So you think...

does nutmeg have a lot of penpals?

Thanks ESD for the post. May I ask. Before becoming a multiday swing trader, did you try to become a "daytrader" as in exiting before the close and making money daily?

Considering how many times I have thought I am over the hump only to find a new stumbling block the answer to the question would have to be no, based on the facts provided.

Imma move there somewhere, just need to start making some serious coin before.

Last week was up pointwise but BE moneywise. Really struggling with increasing size to any meaningful amount. Today I lost. Broke rules, really tried to win and think, instead of just executing. Now I should again get the feeling: "I lost trying to think and win, now it doesnt...

Been basically breaking even the last weeks. Had one spectacular week, +60 fesx points and then after that some losing streaks. Been improving and specifying my plan constantly as I notice flaws with it. The latest thing I improved in it was stricter rules for exits, and specifically taking...

nice! Must be a weird feeling sitting in a meeting at the office and just having won or lost a months pay in the last 15minutes.

I would say there is a lot of interest to follow your trading. At least I do it. Its just that you know so well what you are doing and its so routine to you so its difficult to add anything :) Real nice journal!

Maybe it would help with target-setting, but on the other hand if you use levels from previous days they are anyways bigger when ATR is bigger so doesnt really add anything. just my 2c

Real nice to follow along!

NoDoji do you think it has helped your trading to focus on many different instruments? My thinking goes like this: -Most experienced traders say need to focus on one instrument to become an expert in it and know all the instruments tricks -The days when there are no setups in that primary...

It always helps to see experienced trading and the reasoning behind it. Do you use trendlines or channels at all or just the predetermined levels and formations & volume? tnx & have a nice weekend!

go for the 5th good trading and nice posts, tnx

Been doing better this week. Started using a checklist before I take any setup. One problem I had was that I confused setup and context so one thing that was good in setup A and bad in setup B subconciously crept in as a good thing to look for in setup B and consequently a bad trade. Or...