Search results

You need a market-neutral strategy.

Why, if that isn't a stupid question?

If it goes much further, it will have lost 50% of its value since its high last October. 50% !!!!

In my (admittedly short) trading career, I have never seen 4 digits for the Dow. I did a double-take.

This is true. The Iraq war was a perfect example (though somewhat off topic).

When I finally got it that the markets are mostly non-predictable, it was like the scales had fallen from my eyes. I started designing systems that embrace randomness instead of shunning it. It can be done. Of course if the markets were completely random, there would be no way to have any...

Sounds like a way to die by a thousand small cuts. Sometimes the minute you get out is when the market turns back in your direction.

Holy crap, I could almost afford to buy GM myself. Maybe a few of us could pool our money ...

Automated systems may not require thought or discretion, but they most certainly still require that your mental state is right. How else are you going to sit and watch it take a trade (or series of trades) that looks like a surefire loser, without hitting the 'manual override' button? And if...

I thought we were all supposed to 'sell in May and walk away' ...

What about the gang bangers in Mini Coopers and VW Beetles, and the soccer moms in Hummers?

At least you're doing things the right way around: saving seed money, gaining emotional maturity and an awareness of the psychological nature of trading. Now you just need your strategy, and experience with real $ on the line. Unfortunately most newbies start with strategy, and forget about...

I am such an example. I was not taught about the power of money, and had to learn it through painful experience. Now, we live well within our means.

My God, those are the exact conclusions I have come to. The human brain is no match for the market, trading is best left to machines, and simple systems are best. Unbelievably simple, in my case. Nice to hear it validated by a market veteran (which I am not). Best of trading to you.

Why don't you just run it yourself? Is it just that you don't have an ATS platform?

I run a YM-driven ATS. I am experimenting with co-trading ES and NQ, entering and exiting with market orders at the same time as my YM open and close signals. This is mainly because I can put more volume through on ES than YM without affecting the market. The ES results are above: a high...

One thing that all the major religions teach is humility. The markets also teach humility. How long it takes you to absorb this lesson is up to you, and will correlate directly with how successful you are in the markets.

You show us yours, and we'll show you ours.

In other words, reveal to us your knowledge and theories so we don't have to work to acquire them ourselves.

I for one thought the OP's story was honest and frank about the stages one must go through to be a successful trader. He freely admits to not having made it yet, which is more than can be said of most on here. Hence, he has more gonads than those who poison perfectly good threads with...