10K in the hole

Quote from slumdog:

I will continue to trade small as an alternative to stoping trading.

I have done work that will prevent me having big losing days in the future. Have developed an auto liquidator for my IB account which will close all open positions at my daily loss limit, I'm setting my daily loss limit at -2.5R. As 1R is 0.6% at the moment i will lose at most 1.5% on a bad day (+costs).
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No offense but you sound like you are addicted to trading (gambling) or something. There isnt any point in trading if you have no positive expectancy (edge), trading small isnt going to stop you from losing money, its only going to stop you from losing big.
 
Quote from trickshot:

No offense but you sound like you are addicted to trading (gambling) or something. There isnt any point in trading if you have no positive expectancy (edge), trading small isnt going to stop you from losing money, its only going to stop you from losing big.
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not sure about that..
 
Quote from tortoise:

not sure about that..
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So you think its perfectly fine to trade without an edge? Its impossible to make money in the long run with no positive expectancy, any short term success will just be fleeting, or what gamblers call luck.

Nobody will magically develop an edge over time with the same losing strategy, trading small isnt going to help one find that edge.
 
Quote from trickshot:



Nobody will magically develop an edge over time with the same losing strategy.
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Isn't an edge just a system/method that is in tune with the current market conditions? If so, hit system could maybe start making money if the market conditions happened to change enough!?
 
Quote from trickshot:

No offense but you sound like you are addicted to trading (gambling) or something. There isnt any point in trading if you have no positive expectancy (edge), trading small isnt going to stop you from losing money, its only going to stop you from losing big.
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I see no difference between trading on a simulator and backtesting.

You can develop a system on a simulator that fails when you go live and same with backtesting, you can develop a system that works well on back data but fails in live.

I prefer to backtest. I believe i have an edge with my latest trading method, however i thought that last year too.

My edge may or may not be robust. It could work for 1month or 1 year or 10 years.

In the end you have to test it with real money at some point.
 
"I see no difference between trading on a simulator and backtesting.

You can develop a system on a simulator that fails when you go live and same with backtesting, you can develop a system that works well on back data but fails in live.

I prefer to backtest. I believe i have an edge with my latest trading method, however i thought that last year too.

My edge may or may not be robust. It could work for 1month or 1 year or 10 years.

In the end you have to test it with real money at some point."

Slumdog, did it work in the past ?

I mean, did you make consistent profits ?

If so, then you really need to identify why it stopped making £££
 
Quote from tortoise:

I was $215k in the hole until I finally learned how to do it.
Made up all my losses. and it's been blue sky since.
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My 10K is probably sitting in your account then, or you spent it already, if so i hope you spent my money well, on women or booze or towards a fast car :cool:
 
Quote from Mo06:



Slumdog, did it work in the past ?

I mean, did you make consistent profits ?

If so, then you really need to identify why it stopped making £££
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I believe my edges (i have more than one strat) still work, i believe i was too aggressive in my risk taking with them. Will see what the future holds.
 
Quote from slumdog:

I believe my edges still works, i believe i was too aggressive in my risk taking with them. Will see what the future holds.
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Can you give more info ?


Where you losers bigger than you winners ?

or did your % win ratio just crater to cause the drawdown ?




Give an example of what your very last trade was as far as entry, stop and what your target was.


What was the outcome of it ?
 
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