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My own experience is the same. Most of the money is made by sitting tight when you are correct. As it says in Reminiscences "The big money was not in the individual fluctuations but in the main movements—that is, not in reading the tape but in sizing up the entire market and its trend."...

"After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!" Reminiscences of a Stock Operator

Trade futures. They've got enough leverage to make a mint or blow up your account real fast.

Here's the best protest: War protest at Hayworth office draws 2 http://www.azcentral.com/community/scottsdale/articles/0318sr-protest0318Z8.html

You have New Market Wizards on your list. You need Market Wizards as well. Also, and a lot of this depends on your style of trading, I recommend When Genius Failed and Pit Bull.

"People who enjoy eating sausage and obeying the law should not watch either being made" - Otto von Bismarck

Oh, if it were only 2003 again when you could buy the S&P futures at a discount to cash.... You got paid to be long and the market were moving up. That was a good year, easy to make money.

If I understand the question correctly..... Because the interest rate has gone up, thus increasing the futures premium over cash.

Thanks. I went there and checked out some of the systems. Most don't work with SPY and TLT (either no trades or bad results). I found a few that do work, but tested them briefly in Excel and none added alpha (I hate that term) to my weekly systems. That doesn't mean they are bad system, just...

So why don't you tell us about some of the ones you know.....

When I used the word "you" I didn't mean you in particular, but just people in general. And I have no problem sharing some of my ideas (especially when I was asking for ideas from others), as long as they aren't the ideas that are the basis for my system and which I keep secret. I'll check...

Before answering, let me say that I firmly believe that you should figure this stuff out for yourself. There's a quote in Education of a Speculator: "The player who knows how will usually draw, the player who knows why will usually win." Tom Wiswell (World Checkers Champion, 1951-76) By...

Any of you longs selling around here. Looks like the Feb highs (10-yr yield) could be support right here.

Many of the common ideas in trading is totally wrong. The whole idea of max-drawdown or VaR is fraught with errors. I'll give an example: is 90% drawdown twice as bad as losing 45%? If you have a million dollars and lost 45%, you are left with $550K. If you lost 90%, you have $100K left...

1. Larger compared to what? All long-term systems have "larger" drawdowns. Of course, drawdown also depend on how much risk you take. But the real problem, imo, is not the drawdowns, but the time to recovery. Right now, my joint (bond and stock) system is having it's worst six month period...

Or not. Anybody have a chart of 10-year bond yields versus Fed Funds rates? How often to the FFs yield more than the 10-year?

Which is why I use EOW (saves a lot of Excel rows and CPU usage). I've tested my system and EOW performs just as well as EOD (obviously, it's a long term system, I haven't traded in 7 weeks).

Another reason for bond to go up. This is quite a move we're seeing the last fewdays, especially considering the Fed will raise again in less than two weeks (to 4.75%, which will be above the 10-year rate of 4.64%).

Am I the only person who trades end of week systems? I always knew I was special...

"Among the hazards of speculation the happening of the unexpected--I might even say of the unexpectable--ranks high." Reminiscences of a Stock Operator BTW, great post!