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I have been thinking about this lately - eliminating LC trades and putting more effort to identifying a few extra HC and MC trades. This is how I look at it. A single HC trade (with average 2.50 PF) is worth about 15 LC trades (with a mean PF of say 1.10) based on similar sizing. But given I am...

Focusing on the PF is not the most important factor, but it is an important way for me to judge the quality of my (discretionary) picks. Being reckless and taking marginal and even decidedly negative trades (mostly on the fade) has been quite harmful to my account. Not only could it lead to...

Weekly Update for week 2/50 ended 1/28/2012 Nice week, up 9K (4.7%). A little step towards getting my year back on course. Was away for much of the week on training, but managed to make it on 5 discretionary trades, while breaking even on 2 automated trades. Opening Balance...

Weekly Update for week 1/50 ended 1/21/2012 Bad start to year, down 14K (7%), 3K via automation and 11K on discretionary trades. Too eager to start of with gains. Back-fired after taking on a couple ill-advised trades. Opening Balance: 203,729 Net loss for the...

Quick recap for the last 3 weeks. Mostly on vacation and away from trading, but managed to make 16K from 3 trades, including 9K from C today. Took out 6K for the month ended Dec 31, 2011. Current balance now 203K to start the new thread: 2012: The Battle for Survival

It has been a little over two years since my cumulative equity peak. Two consecutive down years have taken a toll on my psyche. However, I am determined to right the wrongs and come back to a new equity peak. Towards the end of last year, I started a change in the parameters by which success is...

Weekly Update for final week 50/50 ended 12/24/2011 Impressive week, up 14K (7.7%). Made 6 discretionary trades, 5 winners and one loser. No automated trade. Surprised at the quality of opportunities presented for a normally quiet month. December has turned out to be a great month. I hope...

Weekly Update for week 49/50 ended 12/17/2011 A good week, up 8K (4.7%). Good rate of opportunities. made nearly 10K from 10 discretionary trades, with loss of 2K in automated. The emphasis going forward is turning out a good profit factor on my discretionary trades. It has been hugely...

He didn't mention English. Could easily have been Electrical Engineering. An armature is a common term there.

Weekly Update for week 48/50 ended 12/10/2011 OK week, up 2.5K (1.5%). Trudged through another quiet week in the market. Key remains being alert and avoiding the urge to take on trades just to create activity. Opening Balance: 168,995 Net gain for the week...

Weekly Update for week 47/50 ended 12/03/2011 Good week, up 4.9K (2.9%). Took out 5K for the month ended Nov, 2011. Still figuring out how to cope with the demands of 5K a month. Certainly the utmost caution is being taken to ensure only good quality trades are taken. My bane has always been...

Week ended 46/50 ended 11/25/2011 Opening Balance: 172,342 Net loss for the week 3,202 ------------------------------------------------- Net Balance: 169,140

No I still have my regular job. I have cranked up supplements from the market from an initial $0 in the loosing years to max out at about $5K monthly about the time my account peaked in Nov 2009 - by which time my family had increased by 2. Of course at the time, with a balance of $640K and the...

If the intention is strictly finding the probability of hitting a large figure, and assuming the small sample size is not a problem, it is quite obvious sysem 1 has the higher probability (it doesn't make it the better system though). The std dev for system 1 is 207, while for system 2 it is 16...

Week 45/50 ended 11/18/2011 Opening Balance: 167,065 Net gain for the week 5,277 ------------------------------------------------- Net Balance: 172,342 Relieved to have a positive week. Lots of work is being undertaken to diversify...

Week ended 11/4/2011 Opening Balance: 175,258 Net loss for the week 8,479 ------------------------------------------------- Net Balance: 166,779 Week ended 11/11/2011 Opening Balance: 166,779 Net gain for...

And the message is....?

I'm OK. Superbusy with office work even on a week-end, and no encouraging result to report (down 8.5K)

I took a look at the trades for the week quoted. Indeed times have changed since then: 1) I do not use a lot of leverage in my trades. A couple of trades that week were for a size twice my account value (after averaging down). I don't do anywhere that relative size now, and I do not average...

Weekly Update for week 42/50 ended 10/29/2011 Flattish, but positive week, up $520 (0.3%). Lots of trades in my automated machine, negative of 4.2K, rescued by a few discretionary trades that made 4.7K. Opening Balance: 174,737 Net gain for the week...