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...here's a stupid opinion which will no doubt be corrected by the more experienced here. The percentage approach is based on risk of ruin. Who the hell trades 'til they're ruined? If you have a mechanical system with fairly robust win/loss ratio, average winner to average loser ratio, and a...

...for your votes and posts. Alan Farley is the winner, as LBR did not overcome her 50 vote handicap. Much fodder for new polls here: Who is your favorite homegrown ET guru? Who is the worst charlatan guru? Who is the most egregious self-promoting poster? But we must to more serious matters: the...

Rigid mechanical system traders: Up to this morning I had six straight wins, one more than the longest streak in my backtesting. The system triggered a trade this morning. Would you take it, fade it, or stand aside?

...do you know how?

...the only possible counter I can offer is that your longevity is improved by keeping market exposure to a minimum by trading on the shortest fractal that you can make money in given your expenses, and only trading when there is enough liquidity for your market order stops to be filled.

...is it OK to clog thread which already needs a plunger? H.P. is a catfish like bottom feeder. A favorite of aquarium owners because he eats the crap at the bottom of the tank.

...a suggestion. Subscribe to a service which allows you to code strategies and backtest them. Pick ONE rule, parabolic SAR, enema crossover, momo, anything. Code it, and do parametric variations (ATR bars, enema period, momo period) and test it. Do this until you convince yourself that TA...

...thank you for your comprehensible reply. FYI, my full given name is Hypostomus Plecostomus. Does that mean anything? I always thought that was a peculiar name to give a child, especially when the family name was Smith. Having done my duty to facilitate Harry's "exquisite corpse" word salad, I...

...if you read the book closely, the Fed conned the BANKS into doing the bailout. Guilt is a wonderful lever. If it was so threatening, one presumes the Fed would have financed the bailout themselves. You recall that the gentle souls at Goldman Sachs didn't buy the Fed's con.

...just for the sake of being argumentative, following your points, I would say that a) understandig risks relates to stop placement b) understanding statistical irregularities relates to selection of an entry rule c) understanding how to price things relates to selecting profit targets...

...no complain you bash head maxpi. He need bad. He obvious TA delusional, no respect QA, probabry Moonie! Matter not. Prease to exprain green dog roll over. What gender green dog?. Green dog bite? Is fade of well know red dog jump patter? Why green dog roll over, not waysides? Want he belly...

...that was the most eloquent, intelligent, insightful response I have read here all week. Does that mean you think there should have been an opportunity to vote "SIDEWAYS"?

...my gut tells me that knowing whether you play a mechanical system or trade discretionarily is relavent to the question. Could you please tell us? Thanks. - Mike

...I think I am in serious danger of getting in over my head, because unlike Harry, you seem to know what you are talking about. Theoretical physicist? My objection is that the quanta of tics and pennies are arbitrary by fiat (just like money), not market driven. Did you ever trade QQQ on Island...

...thank you very much for that definitve reply. I believe I understood everthing you said, and it sounds reasonable. When E-Signal provides more data I will test different durations on my favorite system to try to see which is more important, the rare event or up-to-date volatility measures...

...I traded QQQ semi-successfully intraday for about a year. After they effectively shut Island down, the fills got shitty and slow and the spreads got outrageous, and several kind souls on SI wised me up to NQ (I may have the chronology confused here, getting feeble-minded). I have been...

...watch it. That verges on lander and slibel! Fortunately I only bought the book and actually attempted to trade that way (silly me). Are you trying to tell me that buying a bounce with a tail off of a 200 sma on a daily chart doesn't work reliably? I'm certain it's just you. Obviously you...

...you probably do not know this, but we the loyal opposition have a strict rotational schedule of who will harrass you when. It's my turn on this post. I looked at your site and read many of your references, but I am unable to comprehand what you mean. Would you throw a little math at me? I can...

...because I just put my wife into stocks in her 401K. Apologies to all.

..aha! A statistician! Who trades! I failed that in college because I always tried to make the connection between statistics and probability. I mistakenly thought there was some causal connection. Could you comment on this method, please? It seems so patently obvious to me that it's probably...