Search results

Pabst is right. The less you bet, the more risk you take. A lot of traders put as little as $5k for trading 1 ES or NQ contract hope for getting additional source of income ~10k/year (if they trade part-time) or primary income ~20k (full-time trading). In order to make that much they must risk...

Is John W Henry on the cover of every financial magazine? Take a look at his fund performance: http://www.iasg.com/SnapshotPT.asp?ID=169 Avg 30% p.a. for 10.1984 - 07.2003 period. Net after fees. Before 2% mgmt and 20% incentive: +40% a year. Avg return would be much worse if we won't...

Great thread, I really enjoy it. Niederhoffer vs Taleb... In the very long run, they're both dead :( The trick is to: 1. Minimize the risk of blow out during one's lifetime (something VN isn't good at) 2. Attract more and more trading capital (something VN is probably good at)...

Well said. This guy makes money from writing not trading. So he will write more.. and more... and more...

Great post Mr candletrader And thank you for being honest.

Yes, and I would add: stu, axeman, dottom, metooxx, Babak, CalTrader

droth, Read 'Optimization, The Double-Edged Sword' Quote from the article (page 3): "One of my observations over years of strategy development is that profitability of a strategy is inversely proportional to its complexity. Keeping this rule in mind, you should avoid too many signals...

Here's a quote from the thread 'Can Strategy Trading Work?'

Good decision, Baron. You should also ban FPC/LongShot/Gordon Gekko/ROCK SOLID/skrilla_manilla/Fruity Pebble and Scientist, due to similar reasons. They post much much crap: hershey made 1500 posts in 6 months (many looong ones) FPC total ~6000 in 20 months scientist ~600 in 3 months...

Hey Hershey fans, You want to be good at trading. Let's assume you want to be good at sex. Would you talk to a woman for 8 hours a day, 7 days a week? Would you read books every single evening for 6 months? Hell No! Listen to WDGann advice...

Can you backtest your idea and present us the results?

When you look at CTAs & hedge funds performance indicies (adjusted for survivorship bias) you'll see positive returns. As far as I know, majority of these managers use TA and FA or some related methods. There is also "statistically significant persistence" in their performance. See...

Does TA/FA works? The answer can't be sharp, it oscillates somewhere around the middle. I can also respond: "It depends" :D

What % of your total loss were commission costs? My advice: 1) don't overtrade, use 30-min or 1-hour bars 2) trade smaller size

How about FNM? Jim Rogers predicts it will be a "$5 stock". Currently at $61

I also enjoy Publias stuff. Another member worth reading is vegasoul. Here are some quotes from his posts (some from Trader's Roundtable forum): "IMHO, a robust system makes very little assumptions about the nature of the market environment and use only very universal and general rules...

You mean humans were in desperate need of help? 10k years B.C. people were living without Jesus. Perhaps God should send him to Iraq, North Korea and Africa... Japanese people are living without Christian beliefs and look - they're pretty happy :) (OK, maybe they work too much )

No, I wouldn't believe he is God or God's son. The concept of God as a creator of the Universe and the whole concept of creation from 'nothing' to 'something' is illogical. It is very strange theory. Besides, why would God need to send his son down to Earth? To prove what? - That is even more weird.

#1 trading rule: don't count on miracles :)

I suggest you to read all posts written by vegasoul. Only ~100 relatively short posts, with plenty valuable points on trading. He also posts at "Trader's Roundtable" forum. http://www.turtletradingsoftware.com/forum/profile.php?mode=viewprofile&u=29 Here's a great quote from his post on...