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Thanks and yea we will see what happens. Just curious if you've done any work into the trade management. I know I work on a smaller time frames and the noise level probably increases exponentially with smaller time frames. I have found with that stop placement and targets are very important in...

Go search through the ACD thread and you will get some better specifics. OR size relative to volatility makes a huge difference here. I have done some work in this area and have found Mark Fisher's work to be really helpful.

I agree, but when you put some skin in the game it will help to build your emotional makeup to be a trader. There is something about losing money that will have you get your stuff together alot faster than just on sim. You have no ideas how often I have ignored rules or put on pot-shot trades...

Yep...I think you are going about this the right way. I would never be able to do it my way if I didn't have capital saved up and without the help of my family, which I will always be grateful for :)

Good stuff bro, do work. And happy belated veterans day :). Also some good news, looks like I may get an opportunity to work at a firm and be fully backed. Comes with some specifics and would have to build up to the level I want but it looks good. I do have a bit of a luxury insofar as I...

Most of us get into trading expecting to make the big bucks and not just supplementing a little income to our lifestyles. One thing I will say is that it is very hard to compound capital with a small account if one is using it to live off of. If you are using this as a sole means of income...

How's everything going?

Commissions and slippage can be enough to make some edges non- profitable. Win rate is also a very important variable. Approaches with a lower win rate will tend to have a higher drawdown and that is psychologically harder to deal with. Even when executing a mechanical approach I have seen a big...

So haven't posted here in a bit and thought I would provide an update. Lately I have been running a strategy that I put together based off of ACD. Essentially forward testing in real time and tweaking and adjusting according to real world results. Had been backtesting this and it showed alot of...

I'll check it out, thanks!

Days a-down was like 380.15 here...nice to see how all these levels match up. Where's everyone at...feels like we had alot more people in this thread just last week lol. Come out lurkers!

Good advice. As of late...I think I have found an approach to trading that works for me. Creating a process and executing it. A grey-box sort of approach. For the first time in my career, things are actually getting consistent and this is on most types of days(trending-ranging). The Stat arb...

Mav, as far the equity market...do you see the bears as the fools in the room right now? Momentum has died down in the past couple weeks and we've failed to make new highs or lows, looks to me like being too bullish or bearish is a bad idea. We've been contracting in range and vol for the past...

Nope haven't heard of that. Seems like you are much more of a tape reader/scalper...interesting. Don't see alot more of those types of traders around these days. What I've been doing is looking for failed a's with a "run" in one direction. Widsepread momentum moves into A-levels that fail...win...

Looks like they trapped shorts on that initial flush down...think there is good chance we may touch it. Incidentally the low of the day is 10 cents from my A-down...was watching for a possible fade but it never got there :(. Pretty slow day...see anything good King??

Not so much the level, but how do you know there is a 90% probability it will touch it. Just by experience, intuition, or some process. If you don't want to share in public thats fine :)

Good stuff, thats a pretty high probability. Care to share how you came up with that figure?

ya know what they say...don't sell a sleeping market!

Shan, you should tell Lucias your story. [/B] When I read his post, I almost lol. I though he was describing me except for the fact that he said nobody would go through with it. Just shows you how different people judge similar situations or circumstances.

[/B] Life is about risk and reward...are you willing to take the risk for the potential reward? Ya know its obvious that firms like this are reaching out to younger people who don't have alot to lose at that point in their lives. If your comfortable with the status quo...remain comfortable...