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  1. I

    "Scaling out" is inferior behavior

    The market constantly repeats itself, so long as it's not recognized for such and there is more money looking the other way. So whatever you find -- keep it to yourself! :)
  2. I

    "Scaling out" is inferior behavior

    Go knock yourself out -- it's kinda obvious neither side is going to get swayed no matter what you come up with. It's too bad we don't make money on the past, eh?
  3. I

    "Scaling out" is inferior behavior

    http://www.elitetrader.com/vb/showthread.php?s=&postid=1238772 We've already discussed the fact that scaling can outperform any backtested "optimal" exit, especially given rapidly changing market conditions. A backtest will always reveal an "optimal" exit that is by definition better than...
  4. I

    "Scaling out" is inferior behavior

    This thread is basically limit poker vs no-limit poker thinking -- I hope people can guess which is which.
  5. I

    "Scaling out" is inferior behavior

    No I haven't. You are only thinking in one trade, one time frame at a time. For others who just trade markets, not time frames, adjusting your targets/size as market elements evolve is critical. You gave the statement that scaling is inferior in any time frame -- I repsonded that for those...
  6. I

    A question for options traders

    Nice thread -- count me in the same boat as thunder. I've only a basic understanding of options, nothing more complicated than butterflies and the basic greeks (that didn't stop me from trying to daytrade them off e-trade's telebroker back when I was in college lol). Nowadays I would be...
  7. I

    Peak Fish... Not A Joke...

    Forgive the stereotyping, but the typical American palate can't stand the actual smell and flavor of natural fish -- they are better off producing some sort of manufactured "meat" using generic protein and passing it off as seafood. In the east, bony fish are the preference for the majority of...
  8. I

    Hedge Fund TV Show

    Anyone with Time Warner cable w/o HD tuner get this channel anyways, or is it blocked?
  9. I

    Hedge Fund TV Show

    So this channel is only available for cable subscribers with HD setup? No way to see it on DirecTV then?
  10. I

    What Moves the Currency Mkts?

    The shorter the time frame you are investigating, the less you can pin down the "reasoning" behind buyers/sellers. The only consistent reason for movement is profits and losses. Above all the market is a discounting mechanism, and a fully discounted piece of "news" will tend to result in a...
  11. I

    "Scaling out" is inferior behavior

    Shrug, he was the one who started with the "inferior" blanket label "for all time frames" etc. Not us. And that's really where the bulk of the discussion has been revolving around -- I couldn't care less what he does with his own account. That's the hitch to ET, "quality" information for...
  12. I

    "Scaling out" is inferior behavior

    Since b1s2 advocates trading the longer term, risking 2% on any given trade idea -- it's really no wonder that he doesn't condone scaling, there's basically no room for it. When trading such long time frames, you will need to have stops that are quite wide, and to limit your losses to 2% it...
  13. I

    "Scaling out" is inferior behavior

    So you trade technically off the monthly charts in the forex markets? Well, it does sound like you are doing the right thing in limiting yourself to as few decisions as possible. :) All right, enough's enough, I'm off to bed. Night!
  14. I

    "Scaling out" is inferior behavior

    A technical trader? Then trust me, you would be out sooner in the fx market.
  15. I

    "Scaling out" is inferior behavior

    Sorry if I take his word over yours, I think he's probably got a bit more experience on this sort of thing than you. Just my guess, who knows.
  16. I

    "Scaling out" is inferior behavior

    You don't get it, he is already letting his profits run, and likely holding the position far longer than you ever would. That much is a given.
  17. I

    "Scaling out" is inferior behavior

    Well, more power to you -- I ain't here to tell you what's right for you, I trust you are a doing your best for optimizing your particular strengths/weaknesses. All you had to do was add the words "for me" at the end of the thread title, and I think this would have lasted about 3 pages. But...
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    Why Do People Trade when the Failure Rate is So High?

    Nitro, sorry to hear about your experience -- I can empathize greatly, having been through it more than once. The leverage offered from futures must be extremely carefully controlled when starting out -- like using TNT to drill teeth. I know it's very easy to rationalize that, if you are...
  19. I

    Reading Price Action

    I've been a tape reader for about 8 years now, 4 on the markets I trade currently, and there are times I still fade my "gut" reaction. And yes, it makes perfect sense, if I am still trading 20 years from now, that there will be many occasions where I will still look to fade my "gut".
  20. I

    who is trading for a living on ET?

    8 years full-time Instruments: futures - currencies, bonds, metals Assets: personal funds Structure: individual trader, non-mtm Broker: IB Style: discretionary Based in: NY
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