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lol. I read this a few weeks ago in yahoo! finance and I wondered the same. I think they are trying to scare people away from debit and deep into credit. Normally, credit cards have the same problems. The title is misleading though.

I am a stop loss hunter. Do you have any problems with that?

I have read that paper and Harirs is not a vendor of charting/backtesitng programs. He does data mining. I have his application and it works great, better than I expected I must say. Now, you read the paper or tell us what you did not understand from it. It's been known for the last 10 years...

A friend told me he is sending private messages to ET members asking them to download his proprietary beta application, which loads data from his server. After visting his website, my friend who is an experienced programmer and IT person, still cannot figure out what he is up to. I would...

He is asking about porfolio allocation, not position sizing. Position size is just a contraint in portfolio allocation. I thought after thousands of posts you would understand the difference. Now forget about all the idiots who propose optimal position sizing. They are all failures. Some...

The first program is one of the most valuable tools I have ever used. You can get a good indication about the short term or even intraday market direction from this program but, beware, it is uselees if you do not have a good understanding of probability and statistics. In that case I do not...

Best and free tool: http://www.finviz.com/groups.ashx

I higly doubt it that the EU schema is sustainable under current operational mode. The common currency contributes to a continuous rise in the deficits of non-industrial countries in favor of industrial ones. like Germany. Countries with a high deficit and debt (PIIGS) have no tools to prevent...

Are you insane man? It is the most depressive thing you can ever do. Drunks, hooligans and hookers all over the place. The lowest standard of living in the whole of europe.

There is some truth to what you saying but I know of products that are white-boxes in the sense that although the user is not aware what goes under the hood, their output is fully disclosed in high level language code or even in C#. One such product is TSL. It is rather expensive but it does...

LOL. What a geek!

LOL! It won't work because the other side will also reverse its trades to bring about the same result. I know, I know, you cannot understand what I'm talking about. If you could, you would have never asked the question in the first place.

Real traders are just too busy for this type of development. There are a few commercial tools available that offer more than you will ever need or can use in this area. Trying to re-invent the wheel is not good investment of time and money unless you plan to market your work. At the same time...

Which books say to do that?

If you don't know your stops well ahead, you are not going to survive long enough.

...and would you mind explaining to us how this is done with an example or two? Because AFAIK, traders use ATR to check whether SLs are outside volatility bands, not to actually size their positions. The SL should be used for that.

Both books are excellent. Good suggestions. I especially liked Profitability and Systematic Trading because it explains really well the notion of risk of ruin and its relation to consecutive losers using basic math. The author also explains well the differences between various position sizing...

You have to understand the principles. One of them is that the market is a dynamic system. It acts in ways that exterminate most weak speculators. Don't matter what their systems do, whether thet are reversed or not. Principles ate importnat. In flat geometry, you need 3 points to define a...

The numero uno fatal flaw of trading is when you take a position against a professional, which happens most of the times. I guess not many talk about that, or dare to talk.

I have an older version of the pattern program APS, which does not have the p_indicator function. I recently had the company I work for purchase the new version. The price is 4.5K for the full pattern+indicator program (3 year lease). I am still in the process of testing it on paper but the...