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Hopefully he has inspired you to start a journal and help the less fortunate.... I have worked at Salomon in its heyday,Merril,Nomura and Smith Barney,and I have never been exposed to more "Masters of the Universe" than here on ET..... Harold,I would assume you should have no problem...

That is one of my favorite movies....

LOL..Very amusing...I like when you chose to be decipherable... What do you say Jack??Would you consider starting up an EOD journal with whatever rules you chose to trade by as well as openly disclose?? Unless you love the "attention"....

Spyder, You seem like a standup honorable guy,and you are immenesely generous with your time.Truth be told,if it wasnt for your journals,I would find Jack to be 100% full of shit.Please dont get me wrong.I think Jack is extremely intelligent,a student of the markets and probably a very...

Well said DB..... It seems to be the ongoing rage to take fairly simple concepts and add a zen buddist/taoist twist.Make no mistake about it,Mr Hershey is a marketing genius.If you notice,when he counters people he is quite funny,direct, and humorous.He makes his feelings very...

It really depends upon what type of trader you are,and just how quantitative your approach is. Let me first ask you this.. When you sell option premium,are you doing it as a directional bet,or are you trying to capture the differential between the implied vol you sold vs your forcasted...

This thread threatens to bring Elite Trader and its loyal following to a new level of absurdity.. 11 pages of varying opinions if Trading involves Predicting??? Main Entry: pre·dict Pronunciation: \pri-ˈdikt\ Function: verb Etymology: Latin praedictus, past participle of...

Looking foward to it.....We could use a lil German engineering..

Buy1Sell2,it appears you are entering into serious curvefitting territory,and I now see the ILL-Logic of your logic.Are you testing on out of sample data as well? Of course if you backtest for the optimal profit target one should liquidate 100% of the position for the asset/time frame...

Herpes,ghonnorea,and definetly chicks with d#$Ks,

B1S2, I think you are misinterperting what people have said,or at least what I said... From the thousands of simulations I have ran,there is no one clear cut "correct way to trade"......You may be successful waiting for a contra signal to exit 100% of your position,but that does not imply...

Well said Nick, I would think that anyone who has spent serious time and effort in learning the art/science of trading should know that the market simply will not allow a "correct" method to exist. IMHO its a very naive to think that there is A correct way to trade the market. I am quite...

Dan,i will gaurantee you that if you do enough simulations,you will see that there is a negligible difference between,scaling out,riding" and setting stops...The markets wont let you have a clear cut answer to this question..If you dont believe me,do some backtesting on ATR stops vs % stops vs...

B1S2, The markets are not that accomodating where one can simply state that scaling out decreases performance....And these are the numbers talking.. I would agree that one should let winners ride,but you must define ride..For an EOD trader with a longer perspective,does ride mean 1 ATR...

B1, I know you have a thread on this,but i just dont see how you can make a blanket statement to never scale out...

Bootzie, I have both AmiBroker and Traders Studio.I am not going to get into a pissing match as to which one is better as that is really a personal preference.. However,saying TradersStudio support is terrible is complete B.S and would indicate you have an agenda I have had issues where...

No offense,but you are missing the point,and you should read the thread starters initial post. Secondly,your first thought actually validates the process.. I agree with you regarding your last statement and thought the very same thing as you did.But you are making the assumption that you...

Great,Great Post!!! Every trader should read those words..

Interesting discussion and I found myself in the very same position as IronFist... What has been most helpful to me is a program called StrataSearch...I am in no way associated with the company,but I have found it to be the best program for "answering" the questions regarding indicators and...

Jack,I would be very interested in your methodology on an EOD basis....