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    ES Journal Archive (2006 - 2008)

    <i>"... just goes to show there really are as many ways to make money in this game as there are traders (and trading personalities) that do it."</i> That is absolutely true. Every one of those consistently profitable approaches have one thing in common: greater reward than risk ratio over the...
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    Wall Street Warriors

    <i>"Sure, I come off a little too cocky sometimes, but then again, I kind of am; as bad as that sounds, you need that supreme confidence in yourself when you're trading and risking so much money."</i> False. That type of emotional weakness always, always leads to fiscal ruin as a trader. Many...
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    Urgent Message From Rennick

    <i>"And Puede means You Can, not you do FYI."</i> Of course it does. I know that <smile> When I was your age, I spent a few years working as a supervisor for (then) Birdseye Foods in their seasonal vegetable operation. My entire crew was straight from Puerto Rico... the only english...
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    Urgent Message From Rennick

    That's a pretty nice country camper... is it a 4x4? I'm lookin' for something like that myself, maybe not quite so fancy... limited budget here. Be nice to give her a coat of varnish, maybe stick a lift kit under it and bolt on some 15x31.50s for clearance. <b>noyoudont</b>, all of us...
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    Frosty's trading bot goes live part 2

    <i>"First I think Austin's a little over the top with his posts suggesting that retail traders do not have access to the same technology as the pros. Thats not the limiting factor. I know several good professionals who use Excel to model markets. I was taught to characterize markets using...
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    Frosty's trading bot goes live part 2

    <i>"Maybe, however I don't really believe "they" are smarter than me."</i> If the Native American Indians had equal weaponry as white settlers = invaders did, this country would never have been taken from them. Many of the indian leaders were absolute military geniuses, and far more wise &...
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    Frosty's trading bot goes live part 2

    <i>"I am simply pointing out how difficult it is to develop a consistently profitable mechanical trading system whose P&L would beat the market."</i> capiche`! :) You can sure say that again... bot building is by far the toughest thing I ever tackled per trading. IMO, we retail traders...
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    Frosty's trading bot goes live part 2

    I don't intend to hijack frost's thread at all... that type of stuff happens way too often in this forum. Frost, the variance between your IB walk-forward and real execution must be somewhere in the translation of real money execution = slippage versus demo mode. Based on what you say, there...
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    Frosty's trading bot goes live part 2

    <i>"It looks like a simple "buy and hold" over the same period would have returned almost $50,000 per single contract (no compounding)."</i> Very true. Who would have known when to buy, and when to sell? I've heard the same thing from people outside the trading world many times in the...
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    Frosty's trading bot goes live part 2

    ... now here's the rest of our story. How many traders are willing to live thru the drawdowns without changing a thing? Answer is, darned few. I ran this model thru a battery of tests via Rina and saw it was more robust than any others I'd ever tested. Specifically, the software takes all...
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    Frosty's trading bot goes live part 2

    <i>"When you were running / trying to run bots... how many systems and how many markets were you trading live, on any given time?"</i> The only profitable success I had in system bots was FX markets, GBPUSD specifically. Of all the markets = symbols I coded and wrote endless hours and...
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    Frosty's trading bot goes live part 2

    <i>#1: Forget whatever you saw in historical backtesting. That's a fallacy. Forward live-trade results are upside down. That is reality. Your bot configuration is not even remotely near robust enough to run profitably in real time, especially on an intraday basis. Long story short, what you...
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    Urgent Message From Rennick

    Way to lay your pair on the line, Rennick. Too many kids in here lately pretending to be millionaires, while spending day & night in this forum posting 50 flames an hour... w/no account blotters posted. I'd like to think if you & I were in our 20s again with $$$ millions, we'd be hanging...
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    Frosty's trading bot goes live part 2

    Dear Frost, I retired from posting in this forum, but will set that aside for one note. I absolutely cannot bear to see you struggling as such in real time bleeding real money this way. Having extensive mechanical system (bot) writing experience in general and ER in particular some years ago...
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    PureTick Live Trading Room - - FREE open house

    <i>Quote from NOISY: is jimmy jam a loudmouth negro? honest question. </i> I stop in here once in awhile to see what Pabst, atticus(risk), gnome, oldtrader, Szeven, Chauncey1, lescor, heavyhitter, not4kids and a few others have to share. Then I see this kind of crap (itallics) and...
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    Trader P/L 2007

    20 contracts turned +3.5pts ER +4.0pts ES Second long trades were ER 830.50 / ES 1501.00 Crowded stops on both, ER booked +1.5pts before rising another +1.5pts but ES stopped at par, then ran +4pts from trade entry. Note to self: ES trades need more time to work than ER trades do. Be...
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    Trader P/L 2007

    actual blotter
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    Trader P/L 2007

    Traded first hour, went shopping from 10:30am ~ 2:00pm est. 4+ pts down and 4+pts up were signaled soon after my departure, then price action coiled midday. Traded from 2:00pm ~ 2:45pm, and then went swimming. 95F here... just shy of all-time record high. Could have easily doubled the...
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    Trader P/L 2007

    Very frustrating day... technology issues all morning out of my control. Frozen screens kept me out of short ER at the pivot, good for +5pts. Was long at 938 = stopped to the exact tick 936.50 in the morning, screens froze again and missed subsequent buy signal into the early launch from there...
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    Trader P/L 2007

    <b>5-Day (Weekly) Cumulative: 6/18 - 6/22</b> Two (2) ER contracts per trade turn 42 round turns +24.9 index points = +4.98 points per session average 84 ER contracts total turned 84 ~ $5,020 profit = $59.76 per contract turned == Average week, no big trades captured, all small...
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