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Give her a little break Mav. Back to trading: did you notice the new concept of RR? I introduced the concept. Could you come up with a name for it? If people were to use the name, and I were to write about it, I would give credit.

In my opinion, the RR as discussed in books etc is flawed. The real RR in my view is the gain a trade makes divided by the drawdown experienced in a trade (even if the trade is a winner).

SPY at 178.92. +2.07. Could someone find the highest price in SPY yesterday between 1PM and 4PM?

SPY at 178.92. +2.07. Drawdown 0.15. RR=+2.07/0.15=13.8

Nod: I liked your explanation, and I also understood with the evening news why price was doing what it was doing. One of the things I like about you is that you are generally objective and fair minded like me. There are some points here and there where you could be a bit more objective, but I...

QQQ @ 86.42. +0.23 or 26, depending how you calculate. Drawdown 0.03. RR: +8.ish

QQQ at 86.68. Model xx . Short size 1/4. By the time I posted this, it ran away 3 cents already.

reason: topping + random walk.

How is the street doing? Are they still bullish in their pockets (or in words only)?

Now that we have proof you are around, and that you did not put me on ignore, could you tell us a bit about prop trading? Does it exist? Is it true that the business model is to collect deposits from people, then add margin given by exchanges/law, and refer to the whole thing as firms funds...

QQQ @ 86.56. +84. drawdown +0.03. RR: +22

QQQ @ 86.62. +78. drawdown +0.03. RR: +20

:p

It is many times easier to make money if the time frame is large. The problem people have is that they do not have capital. You seem to have capital so you do not need to trade at lower time frames. I think you also would make more money that way, and is 16 times easier if holding is say one...

If you want my models to try to get that pair at your will, let me know.

The approach is flawed. It does not measure the right things. If one of you is the owner of this, I have ideas to build the right game that would benefit people.

What is the mean of your winner, the mean of your loser, the standard deviation of each?

He is going through the typical process that most people seem to go through. Trading one stock in one way in one day is not a good idea. Even/particularly traders need diversification.

Accounts die two sort of deaths: the big hit and the bleeding from a thousand cuts.