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If you combine system you get the mean of the systems, both then it comes to returns and probability outcome. You can never get a higher score than the highest component. (A + B + C) / N Combining two systems with 30% and 70% prob give you a new combined system of 50% probability.

Freedom to live my life as I wish and a good future for my kids. 1) Not being forced to work to get money (ie. rat race), freedom to chose what to work with and when to do it. 2) Being able to travel anywhere and live anywhere I like to. 3) Decent living standards, at least a nice 1...

Prepare to put in 5-7 years of hard work and 50-150k in cumulative losses before you make any consistent money. Staying many years under water with only losses to show for it will shape and form the personality traits you need to be successful in this biz.

Wish I did know a cronic loser who could take 5 grand to 25 bucks. 1. Start with $100,000 2. Give him $5000 to trade for you in the futures 3. Mirror all his trades inverted with the other $95,000 4. Laugh all the way to the bank :D

That will make you 25% compounded in a year. Pretty lousy to be day trading with that high turnover of capital. Commissions and negative slippage is accounted for I hope. Why not verify it with some real money, just a small sum like $5,000 would be enough to test it out.

US Treasury is basically borrowing money for free. The foreign lenders belive they make a 1-1.5% return on the 10y/30y bonds, but in reality they get 0% as the real inflation is ~1.5% above the official numbers.

Everyone has to pay their dues, for some it comes earlier, for some later.

Amen.

Well thats an oxymoron. Daytrading is never overnight and swing is always overnight, if not hitting the ET or SL during the first day.

Most Linux distributions has a GUI, and there are plenty of ways to access it remotely. VNC, NX, XDMCP, X-over-SSH or even RDP is available. As for hosting your virtual Linux system. Well Amazon EC2 and Rackspace Hosting are two big players with global presence. There are many mid/smaller...

Funny thread.. 1) Insider info. Dig up some insider info that gives you 100% probability of success. 2) Find a 80-90% high probability trade that pays a risk to reward of minimum 1:2, then you can risk 25% of your capital to earn 50%. Of cause you only get one or two chances to hit the...

Volatility is the daily range from high to low, it's both something good and bad, it creates opportunites but also create risk as wild price moves hit your stops and create losses. As soon as I'm into a position I want a stable trend in the direction I'm trading, not volatility.

Double up your position everytime you win? that is stupid. double position = double risk! If your Risk/Reward is 3/6% and you double the position you are now risking is 6% of equity on the next trade, and 12% on the next, etc.. You are guaranteed to blowup.

It's the ultimate intellectual challenge. like a gigantic piece of multi dimensional chess with infinite amount of variables to consider. Thats a main part that still makes trading so fun after doing this for 10 years. It's sort outs the smart people from the not so smart people. If you are...

I believe it's a question of fixed vs dynamic exit/stop levels, if you trade fixed you know in advance what the risk is and what the expected return of the trade is. The dynamic approach usually is "running trends" and do use a trailing stop or similar as exit trigger so there the outcome is...

Here comes the first swing trade that was closed yesterday (third trade for the year) Long TNA @ 75.85 (entry at close Feb 23) Stop loss @ 73.57 (-3%) Profit exit @ 80.40 (+6%) Win, exit limit order got hit yesterday (Feb 25). Chart showing entry, stop and exit:

Follow my rocky road to ruin.. or "how I zeroed my account in 2011" ;-) Thought I will document my trading of small caps just for entertainment.. Swing trading Russell 2000/S&P 600

I wonder if Jim Simons dare to head to head with me.. :) My 18 months trailing performance is +450%

If I'd make a big hit, something like +50k on a single trade I guess I would feel some exitment and happness about it. In 2008 during the Leman crash in september I lost 65,000 in two weeks, that I did take hard and felt depressed as my account was at 90k at the time, and then you take a big...

Dont worry, you get detached as your account grow and you get more of an "air bag". Your confidence in your abilities and trading method grows. My account is currently at 200k and sometime I see weekly swings of +/- $30,000 on open pos, I don't even care anymore, no excitement, no grief...