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    ES Journal - 2012

    cover sim short at 1414.75 for 2 points. Still carrying real short from 1413.75.
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    Came into $23 million... suggestions?

    Yes both of them are very very good. Jack has some strengths and GrandSupercycle has some strengths. I just don't recommend GrandSupercycle because he charges 500k every year for mentoring, whereas Jack does it for 200k-300k. My father raised me in a frugal environment, so I still look for...
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    ES Journal - 2012

    short one more at 1416.75 This is sim short.
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    Came into $23 million... suggestions?

    Serious advice here: Best trader on this site is Jack Hershey. He is pretty hard to follow, since trading is pretty hard. You will have to put in some effort, but I am sure with your intelligence ultimately you will get it. Make Jack your mentor, and your 23 million will grow to 230 million...
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    Came into $23 million... suggestions?

    Hahahahahaha
  6. G

    ES Journal - 2012

    not sim live. nothing funny intended - Just an observation about different traders taking opposite positions in the same market. thats all. You are a good trader, you will make this loss back many times over. Especially your trick of having SL on bond futures movement is interesting.
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    ES Journal - 2012

    Short 1413.75 Macho, I am selling as you are buying :) LOL
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    The lonely game -VS- My own company

    HTR - A little bit of advice to you. Sometimes its a good idea to just ignore the comments that you don't like or feel offended with. If you reply in such a strong opposing manner, the OP will also respond in an increasingly negative fashion and it will lead to all negativity and no real...
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    Using broker statements to get a trading job?

    Actually, my current situation is very similar to you :) Anyways and this is important. Trade frequency getting reduced is a very very positive thing IMO from your long term consistent success in trading point of view. 1.5 years ago, I was in a similar position as you are currently in the...
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    Using broker statements to get a trading job?

    Another thing - I am guessing you are pretty young and have fallen behind your MBA batchmates in your career path because of your focus on trading for the last few years. So the pressure on you might be immense to at least hedge some part of the risk that the trading gig doesn't work out. My...
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    Using broker statements to get a trading job?

    from your reply, I am deducing following numbers: # of trades per year 125. PF = (68%/32%)*2.5 = 5.31. If this is true, this is excellent number. I have developed many different strategies and the best PF I have got is 3. Since you are holding overnight, lets say you can trade 1 contract for...
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    Using broker statements to get a trading job?

    Logic_man, I would like to offer you some advice based on my own research in a very similar condition. Can you answer following for your strategy? How many trades per year, average points per trade or total points per year and how much money needed in account for trading each contract? Win...
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    Successful Trading and Compounding - On Steroids

    You raise a very good and pertinent point. Thinking through it, here is my response. Below numbers are based on my best estimate: 1. On more than 90% of days, number of trades with 5% risk would be less than 4. 2. Most of the days (say 45%) would have 1 trade with 5% risk. 3. Around 25%...
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    Successful Trading and Compounding - On Steroids

    Update for week 1 ending Mar 30, 2012 : +200$ for the week. Had a great start on Monday but gave back gains during other days of the week. Took 3 non-systematic trades - and they cost me a good 300$. Good thing was as week progressed, I controlled my urge to take any unplanned trades...
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    Forward trading vs Back testing & doubling my account

    What happened to you Businessmann ? Did you stop trading or just lazy to post the numbers every weekend? From the way you started, I was hoping that this journal will turn out to be one of the better ones out there.
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    Order not executing

    Don, what is the problem with putting in a limit spread order ? Newbie as far as stock and options execution is concerned. Trying to learn. Thanks :)
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    Did Altucher fail as a trader?

    I would give my opinion as a neutral 3rd party. In my opinion, what has happened here is that Vishnu wrote a few generalizations on this website without putting in sufficient qualifiers. Now because of your persistent questioning, he is feeling that probably you are trying to put him into a...
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    Can I keep my Sharpe ratio higher then 4 for the rest of the year?

    Good luck man, just a question - are you automated? Because unless you have APIs written for multiple brokers or you can connect to multiple brokers through a single order entry platform, how would you ensure operationally that all your orders go exactly at the time of signal to different...
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    Did Altucher fail as a trader?

    Brass - I think Vishnu could have answered your yes or no answer that you specifically wrote in Blue. Having said above, you should understand it doesn't matter what Vishnu or anyone else 'thinks'. If Soros thinks no retailer can make money using TA, and if you have a consistently profitable...
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    Can I keep my Sharpe ratio higher then 4 for the rest of the year?

    If I were you and if I was confident about my edges, looking at your results, I would increase the position size at least 6 times. But since still want to give a bit more time before increasing size, there are two possible ways: 1. As you correctly say open another account and I would suggest...
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