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Perfect! You two can make a trade with each other :cool:

Trading bot results today: -1.7% (S&P 500 -0.56%) It hurts to lose more than a percent against the benchmark in one day, but the ride will be rough until we add more trading systems to the bot. Currently there are 5 strategies, which isn't enough. Today I came up with another strategy...

Opportunity cost is what I need to remember. This is execution: doing the most effective thing I can be doing at the moment. Identify the next thing and start into it. For me right now, that is mining intraday price charts for ideas because I have the next few hours to code and backtest if I...

There is a lot of drama about raising the debt ceiling and the time is quickly running out before at least a partial or transitory default will happen. The nearest month Intrade contract is showing 34% chance of raising the debt ceiling to $15.1T or more before midnight, July 31. This is down...

No surprises at the coin dealer this morning. My son picked the $5 gold eagle (1/10 oz gold coin for non-numismatic readers). He already has a lot of silver and the platinum coin looked too much like his silver coins he plays with all the time. I got the 10 oz silver bar for $417 with no...

Bot trading result for today: -0.22% (vs S&P500 +0.09%)

My package from the US mint came yesterday, it is the newest 5 oz silver coin from the "America the Beautiful" series, the Grand Canyon coin. As fun as it would be to have a look at the coin, I have already committed to selling it, unopened, for a $50 profit to a coin collector. So tomorrow...

I wanted to talk about allocating capital inflows. This is something most people deal with in their household but don't necessarily put much thought to. I spent some time working at an insurance company and one of the big subjects of the quarterly meetings was how much income the company had...

Flossing while in the shower is a great idea! I'm very slow at flossing and I think that could really speed it up for me. I've never heard of oil pulling, but I just looked it up. It sounds like something I will try. Regarding tea, I'm specifically after the health benefits of green tea...

You said you don't try to time the market. Can you talk about why? (Personal experience, something you read, etc). You hold views about particular industries within tech, why not hold a view on the credit market (the cost of your leverage)?

I am fumbling on a few of these points. So far this week I need to improve: * jump-rope I haven't done jump-rope this week because it is sweltering hot outside. I should try to get up earlier in the morning to avoid the heat. * Floss teeth I've been going to bed too late so I have been...

I am not a full time trader, I am a Java programmer. This is an important context for this journal. I have a complete custom backtesting and live trading platform that uses Interactive Brokers API. I turn on the bot each morning and it trades the New York session. All the data for that day is...

Market results for the day: Trading bot: +1.6% (compare to +1.35% for S&P 500) Discretionary: EUR/AUD at 1.3312, my position is short (for a carry trade). Nothing to note here other than the size of the trade is big enough that I watch it closely. Silver is down some for the day. I...

I had read a post recently on Zero Hedge about the S&P and treasuries moving in the same direction in response to the debt ceiling drama. This is the opposite of the extremes that we saw during the 2008 crisis, where treasuries soared and the S&P crashed. I wanted to investigate this a...

Here is my current "ideal foundation daily routine". The idea is to conform to this foundation routine as closely as possible each day. Sleep 7 hours (or more) Start with exercise: * pushups * situps * dumbbells squats-to-shrugs * dumbells shrugs * dumbbell curls * jump-rope *...

Reading Brett Steenbarger's blog last night I followed a link to a book "Talent Is Overrated". Reading the amazon book reviews convinced me of the benefits of coaching. It is for that purpose that I am undertaking this journal. By making daily updates of my thoughts, practice routines, progress...

You are trying to ask one person to do the work of a team of professionals. The idea that you're going to finance an IB api client and automate some of your strategies on a <$250k budget when you don't know anything about the programming world is a total fantasy. That should be obvious at this...

Jack Schwager: "So far you've mentioned a 1.5 percent maximum loss limit on a single position and 4 percent on the entire portfolio for any given day. Are there any other risk management rules you use?" Monroe Trout: "We have a maximum loss point of 10 percent per month. If we ever lost...

Thanks for the correction, I was typing from memory and it's been a long time. The correct payout should be 4 chips per chip staked, plus the original stake returned to the bettor.

Not true at all. You can set up an interesting, slightly positive expectation game like this: * Start with 10 poker chips * Stake as many of your chips as you like * Flip 2 coins to make 1 of the following 4 combinations: HH, HT, TH, TT * If either of the flipped coins is a...