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Thought it'd be a great day, but turned to crap......HOD on ES at lunchtime...bunch of crap.

I love these guys for hands-free trading. http://www.vankartrading.com

That was the backup plan if trading didn't work out. Fortunately there were no big differences going from paper trading to live. So the Subway thing is somebody else's dream. You want chips with that footlong? lol 43yo

I think you can make trading much harder than it is. When I tried discretionary trading I thought it was very hard. I consistently lost money on a simulator. When I switched to mechanical trading it became much easier. Of course I've only been trading live for a few years so there's still time...

For my main Volatility Breakout strategy I trade using a progression on loss. It starts at .9% after a win and can grow to as much as 3% per-trade after a series of losses. The only way I can lose money with this strategy is if volatility declines and stays low. I have a stop trading circuit...

I'm sure you guys realize if you're using Fixed Ratio MMgt then you're using a Martingale strategy (increasing size on losing trades relative to the account size). 43yotrader

You can also buy T-Bills. The broker is required to keep them in a segregated account. Also, pull excess money out on a regular basis and open multiple accounts. I have 3 different accounts. None of them are big enough to cause me lots of trouble if the broker fails. 43yotrader

For short term trading its better to use the modified sharpe ratio. Just take the daily average return and divide it by the std. dev. of daily returns. Any number above 1 would be great. 43yotrader

Taking it in the shorts today....:D Somedays I think I should override the models. This is one of them.

Remember to use today as the last date when you setup the chart. Then plug in like 50 days for days back to include all the data.

Russell 2000 Emini wasn't available when 2000i came out. You have to use Add New from the insert symbol menu. Then use future for the category and AB #F for the symbol. Here is what it looks like when you've typed correctly. Remember, it's not available from the dictionary.

Well, I'm done for the day. No system trades just a one lot discretionary trade (I take big risks when I haven't a clue, lol). I think I'm going to invest my time coming up with systems for the energy complex. Seems like a better use of my free time than trying to figure out the tea leaves on a...

I lost plenty when I started (on a simulator). What it taught me was I didn't have a clue how to trade. I spent countless hours going through technical analysis approaches. When I realized I needed someone smarter than me to help me out I bought a system with a long profitable track record. I...

Yes, this is a different system than the first one I developed in 2002. This system signals trades on the close for the following opening. I got a buy signal on the close yesterday. I've been experimenting with some discretion so I put a ladder of single limit buys below the open. Only problem...

I'd bet it's the 80/20 rule. Of the winners, 80% of the profits are made by 20% of the participants. 43yotrader

Got a decent trade early today in ES.

Apparently 100% of associations claiming to be the voice of daytraders have also gone out of business. Here's the electronic Traders Association website: http://www.electronic-traders.org/

Doesn't look like it's going to be a losing day. Up over 2k right now. I won't post another one until I can show a good loss at end of day like -4-6k. Just so others don't get the idea that this is like cashing a check.

I trade ES. This system is pure daytrading. When I started out I did a journal though I abandoned it just before I went live because all the negative input made me very nervous. You might be interested in checking it out: http://www.elitetrader.com/vb/showthread.php?s=&threadid=10237

Your numbers sound incredible! I thought I had a good system. 19:1 R/R is fantastic! For what it's worth (probably nothing) I separated my backtest data into 2 pieces. One I optimized on and the other I tested blind. I found the sharpe ratio and profit factor to be the best predictors of...