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I assume you do not want to pay for the spreadsheet. $297 is a bit steep if you ask me. Also I looked at the sample sheets and they were quite confusing and hard to read. I use the following spreadsheet which IMHO is MUCH better layout and easier to customize...

Well I may be inclined to take that bet except for a few things. 1) I have no idea when you started trading,...I assume very recently 2) you could "win" the bet by doing nothing at all so you would lose less than $13,500 3) So I am supposed to trust you when you say you win and THEN fly out...

Good for you for NOT TAKING A TRADE when there was no setup. However, what do you consider a "setup". Also, you seem rather new to trading so I hope you can afford to lose your money... Because you will. In fact, you probably will lose 3-10 times that amount before you start to get it right...

Hey we shouldn't be so harsh on the urinal...Maybe he was talking about his High School PEP Rally. So it's a new week now...is this now a new "rally" or a contnuation of the "rally" we had last week? What is so comical about the urinal's posts are that he makes fun thinking a $0.23 move...

I dont day trade because I do not have the temperament or skills to do it successfully. I have tried but at present I cannot do it. Does that mean others can not do it ...ABSOLUTELY NOT!!! I am better suited to swing trading but to say day trading is gambling and impossible to make money is...

Intradaybill, One thing I think you are failing to realize and what Kut2k is trying to explain with his math/formulas is that even with a win rate of 50% or less ruin is NOT CERTAIN,.....UNLESS,....you live forever. See the thing is,... if your win rate is <50% it is true (as you have...

Actually, yes they could see that both were profitable. Whose was more profitable is a matter of debate because on a per share basis yours obviously is. But based on where you likely placed your stop loss mine was probably as profitable or possibly more so. But since you do not divulge...

1. No one is ridiculing you. In fact I congratulated you. If you cant take a simple jab about it then you are the one with the issue. 2. I have no problem talking about my system that took me 4 years to develop. 3. YOU started this thread. Usually when people start a thread it is to...

Intradaybill, One thing I think you are failing to realize and what Kut2k is trying to explain with his math/formulas is that even with a win rate of 50% or less ruin is NOT CERTAIN,.....UNLESS,....you live forever. See the thing is,... if your win rate is <50% it is true (as you have...

Thanks for the compliment. It has been rare that people engage in a discussion with me about the things I bring up. I often wonder if I am making sense on here. Either that or this entire site has me on ignore. With regards to your discretionary system, I would be interested to know more...

Because profit is largely based on expectancy of the system. It is true that you will profit more with a higher win rate. This is a function of have FEWER loser with higher win rate ,...so you lose less of your profit made on other trades. The MAIN effect of win rate has to do with draw down...

Shhh...its proprietary... If he tells you he will have to kill you. All joking aside,..if your "edge" is that small that others knowing what your "edge" is would ruin it then I would suggest it is not much of an edge at all.

Congrats on that. Yes my paper trade was stopped out on 12-13-11 at $192.31 around 3 pm. I almost forgot about this. Well good for you on this. I just think it would be more productive to say why you are taking a trade and what yo usee in the TA rather than just starting a thread and say...

Well I tend to agree with you. I am not advocating doing those methods,...just trying to point out there ae many ways to skin a cat. Reasons a trade may be "worth" different amounts on different days of the year is largely coming from the understanding that some people will manage other...

I am not here to pick a side or anything. I just want people to understand that when picking a system they need to be looking at the RED lines above as this is the worst case scenario. Most will look at the green and white lines and choose the "better system" off that. It is obvious from the...

Ghost of Cutten, This is essentially what Van Tharp describes in his book "The Definitive Guide to Position Sizing". I encourage you to get a copy. Some people are willing to "risk a little profit" to juice their returns when their system is generating higher win rates than usual. Some...

Good Luck to you as well. I am very familar with Elder as his Triple screen is the basis for my system. However, he states trade the daily chart with the direction of the weekly and enter based on 60 min time frame. When I followed his system I broke even or lost a little. It is not the best...

35% win rate and 1% risk

Well I must interject here because I have done extensive evaluation of all the things discussed in this thread (win rate vs draw down & ruin, and TOTAL profit). This will be a long post to prove beyond a doubt (I hope) that #1) win rate effects RISK OF RUIN and DRAWDOWN. #2) that profit is...

Thanks. No Problem. I guess I thought I was somewhat of a pioneer in the weekly and 60 min thing (and almost ignoring the daily)...but I guess not :D . It is reassuring to know that I am not the only one that thinks this way though. I have found for me that one of the best ways to stay...