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Banks operate with the fractional reserve system, which is the biggest ponzi scheme on earth. And that's how money and inflation are created out of thin air. "It is well that the people of the nation do NOT understand our banking and monetary system, for if they did, I believe there would be...

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But the TRUE problem IS the FED, when are you people going to understand that?

...and Jerome's answer after the verdict was : "Yeah, yeah, whatever, just put it on my tab" :D

What if the trader trades only when the average monthly drawdown of his (profitable) system has been reached (on paper), will he make more risk-adjusted profit that way? And more importantly, will the maximum drawdown now diminish by the same token? Thank you Dom993 from Ottawa (lovely...

I will repeat the question: what is the difference between a rabbit? :cool:

What's the difference between a rabbit?

Bartender, another Vodka Martini (shaken not stirred) and 2,000 short e-mini S&P 500 contracts, please. Yep, just put it on my tab.

You were given this life because you are strong enough to live it.

Hi Dom993, Very interesting study, indeed. I don't understand why the maximum drawdown gets bigger when you stop trading if the equity curve is below a certain moving average, though ?!? It should be the opposite, no? After all, you are preventing major drawdowns from ever happening in the...

You are quite welcome. Yes but JStock is pretty basic, with just a few indicators like Macd or RSI. Still, it's a good place to start for traders with a limited budget.

Don't worry Jack, as long as you keep providing "content" and sending traffic to ET (and possibly to other trading websites/forums/blogs/newsgroups as well, the sky is the limit) , everybody is happy ($$$)... Well, almost everybody.

Catchy title but this post is nothing more than a clever infomercial for Myfxbook. Let me show you how to turn a mere $187.91 (no, not $200.00 but $187.91 exactly, I insist) into a million bucks in 5 years. Oh, wait, did I tell you that I would inherit exactly $999,812.09 in exactly 5...

Good answer Redneck. :) Some traders like to win often (even if it's only a little) and cannot stand losing 3, 4 or 5 times in a row. Others like to win big, even if infrequently. The rational/logical way of course is to trade the system with the maximum positive expectancy, but that's...

You can use these parameters with any financial instrument you want to trade, stock, futures, Forex, you name it. If you trade the equity market, you can let software like TC2000 scan thousands of stocks each day, in real time, and alert you if it detects any kind of "unusual" activity, like...

TradeStation might be able to spot spikes and alert you in real time, assuming you program it to do so. For example the program could read like this : alert me if any 1 min bar is at least 5 times longer than the average size of the previous 20 bars.

Great thread DayTraderRockStar, a flag formation is one of the most profitable and powerful (continuation) chart patterns I know! The trick of course is to know where to draw those two lines with 100% objectivity and in a non-discretionary way ... :cool: (Be careful though, a seemingly...

For me a discretionary system is simply another word for un-tested, un-proven trading system. In fact, without clearly pre-defined trading rules, there is no "system" to begin with, period.

Well, the best trader on ET is Jack Hershey of course, his "system" captures the average true range (ATR) 3 times... each day! :cool:

While the "smart money" people do take large positions, betting big does not put you in the smart money community automatically. So "big money" is not necessarily a synonym of "smart money". A billionaire can trade big and still be a clueless idiot.