A very powerful fut's strategy

Quote from nkhoi:

How/where did you come up with the technique?
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I was a slightly better than break even trader. My batting average was about 65% but I couldn't seem to get my winners to be larger than my losers, even tho I used very strict risk management (this was way back in the beginning. I've since improved even w/o the DD). I developed the strategy completely by accident. I took a trade with a couple of contracts and took my loss. Shortly thereafter, the setup that I thought was the winner looked a hell of a lot better the 2nd time around. The index "just needed a little more time." I thought, "Man, I'm going bigger on this. This is one hell of a look." I won nicely on it and never looked back.

The most important thing I can say is that I will only do this under "certain situations." It would take me a long time to explain what those situations are. If a good example shows up tomorrow I will post it.
 
Floor tradrs did not have charts, just numbers, trade numbers and probabilities, 1 bad 2 for good, just like Rainman!!!!


Quote from ProfitTakgFool:

I know how to read charts but I don't have perfect timing. I don't think anyone does, do they? I don't lose on my first trade all the time. In fact, I have a pretty high batting average on my first trade. I take small losses and reload with a bigger gun on my next trigger. The recent volatility has made my trading better, not worse.
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go ahead OP

give all your hard work for free on internet

just to get few guys here say Thanks


you will hate yourself later

and By the way, I think you will blow up big time after a while
 
You are right, if he charged $5,000 for it, it would be worth something. Thank God Jesus wasn't in the vendor business.


Quote from chloride:

go ahead OP

give all your hard work for free on internet

just to get few guys here say Thanks


you will hate yourself later

and By the way, I think you will blow up big time after a while
More...
 
The problem with this strat is that you get bored on the initial trades because it is the big double downs where you kill it. Once blood has been tasted then the bloodthirsty will be insatiable.

Discipline is best administered by naughty chicks with black leather spiky heels and riding crops not by Bubba Mr. Market with a 12" cock up your ass.

Just a thought...
 
Quote from duard:

The problem with this strat is that you get bored on the initial trades because it is the big double downs where you kill it. Once blood has been tasted then the bloodthirsty will be insatiable.

Discipline is best administered by naughty chicks with black leather spiky heels and riding crops not by Bubba Mr. Market with a 12" cock up your ass.

Just a thought...
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That's a very interesting thought because I do view my initial loss, or couple of losses as good things. The key is discipline. It's very tempting to take a trigger when it's "near" because I have my reserves to bail me out if/when I'm wrong but if I wander over to this side of the fence I'm toast anyway, with or without DD.
 
Quote from chloride:

go ahead OP

give all your hard work for free on internet

just to get few guys here say Thanks


you will hate yourself later

and By the way, I think you will blow up big time after a while
More...

By the way, I think you will blow up big time after a while ------>>>> I already have. I've taken more out of the market than I keep in my account so I could lose my entire account in a day and still be able to start over. Plus, my circuit breaker will cut me off provided I don't cut off the circuit breaker:mad:
 
Quote from ProfitTakgFool:

By the way, I think you will blow up big time after a while ------>>>> I already have. I've taken more out of the market than I keep in my account so I could lose my entire account in a day and still be able to start over. Plus, my circuit breaker will cut me off provided I don't cut off the circuit breaker:mad:
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You have invented something that is half perpetual motion machine and half Rube Goldberg machine.

The first, the patent office won't even hear your petition. The second, well, it is just sad...
 
Hi OP,

I have been trading full time for under a year now, and in the beginning I used to do some of what you describe (mainly on sweeps in the opposite direction). Suffice it to say, took big rips, made big chops, and had headaches all day, so I changed.

As time went on and I reviewed my trades, it turned out I was... *early* to enter the position. I saw a chart patten and traded without a catalyst, I averaged a loser when the price movement indicated I was wrong at that time. That is not to say the trade passed, it could happen in a minute, an hour, or not at all. I think that near perfect timing in trades occurs in about a 10 second span for NYSE.

At this point I see more of a need to be efficient. This month I have made around 10k so far (on 600 shares avg trade), but without the sub-par trading responses I still have I could have made probably 10-30% more.

Why lose money? I think improving timing and speed of reaction is much better than taking hits every time you see a play. Much better to be exact and be immediately in the money when you enter a position.

Hope that helps.

p.s.: I think that money/risk management is what it it ALL about, and I believe that a... bit of work is needed in that area. Doubling down is suicide on a breakdown of support.
 
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