Arthur Deco Mentors ET Noobs

Arthur Deco · Feb 1, 2011

Quote from Samsara:

Jinxu is one of the more interesting examples of delusion here. I find his replies pretty entertaining -- glad you're encouraging him.

Hey, the guy is just trying to fit in. I have twenty aliases because the first 19 embarrassed me. One must constantly reinvent onself as a trader and as a poster.

Arthur Deco · Feb 1, 2011

Quote from sosueme:

There is always ET of course, just grab yourself a username and off you go.

The good thing is that it is totally free and judging by the posts, prior trading knowledge would only serve as a hindrance.

Oh, god! It is so humiliating in retrospect to be a noob. The foolish things you believe in. TA. Efficient markets. Random markets. The solemn statutory obligations of market makers.

Arthur Deco · Feb 1, 2011

Quote from LEAPup:

Are you drinking today?

Always. What the hell else is there to do after profit taking? Happy Hour starts when I punch out. But I am obliged to keep watching in the unlikely event that I might learn something new. And after the close I have to do some backtesting. The dullest fucking thing invaginable.

jinxu · Feb 1, 2011

Quote from Arthur Deco:

Hey, the guy is just trying to fit in. I have twenty aliases because the first 19 embarrassed me. One must constantly reinvent onself as a trader and as a poster.

Ha. I'm just bothering you b/c I'm bored and it's snowing outside. I already know you not an expert based on what you write about in your posts. You may be profitable (idk never saw any p/l statements) but that doesn't make you're an expert. My trading style requires only an hour a day of my time to work; huge amount of free time for the rest of the day to be bored. That's another thing you should consider. I hope you will become smart enough one day to understand what I wrote. Good luck.

Samsara · Feb 1, 2011

Quote from Arthur Deco:

Oh, god! It is so humiliating in retrospect to be a noob. The foolish things you believe in. TA. Efficient markets. Random markets. The solemn statutory obligations of market makers.

It is. Trading is an endlessly aggravating process of self-flagellation, and what better way to enjoy it than publicly? In jinxu's case though, he believes he is communicating with angels when he participates in the markets. And that the number 27 has magical properties.

It's fantastic entertainment.

Zr1Trader · Feb 1, 2011

Hey Arthur,

I have a few questions if you wouldn't mind.

What kind of slippage do you get? I have a few backtested systems that are great on paper but live when I wait for the close and enter on the next bar AFTER the signal is confirmed I always get screwed competing for the price . Only using 1 lot too.

I believe others are using a similar system because it always gets bid up right after the signal is generated. its a Trend following system , cost/commissions/slippage have ruined even my best systems. I haven't even factored in taxes. I'm baffled at how short term trading can even be profitable without having over a million to use. Only thing that I can think of is grid ordering an instrument long/short with two accounts and just grab volatility but I dont have the capital for that.

I have a 30% win rate 1:6 RR on paper and would like to make it happen live if possible. Any tips?

jinxu · Feb 1, 2011

Quote from Samsara:

It is. Trading is an endlessly aggravating process of self-flagellation, and what better way to enjoy it than publicly? In jinxu's case though, he believes he is communicating with angels when he participates in the markets. And that the number 27 has magical properties.

It's fantastic entertainment.

And Samsara,

You're now even worth my time. I'm guessing you're a 30 something male. ten years in. Still trying to figure things out. Not very intelligent. Good luck anyway. (not really. I'm praying for your failure).

Just wondering, how much time do you spend stalking me as if your opinions are worth anything more than toilet paper??? It seem like everywhere I post, you're always there to make a comment.

Arthur Deco · Feb 1, 2011

Quote from jinxu:

Ha. I'm just bothering you b/c I'm bored and it's snowing outside. I already know you not an expert based on what you write about in your posts. You may be profitable (idk never saw any p/l statements) but that doesn't make you're an expert. My trading style requires only an hour a day of my time to work; huge amount of free time for the rest of the day to be bored. That's another thing you should consider. I hope you will become smart enough one day to understand what I wrote. Good luck.

Try not to be so supercilious, Jinxie. Go look it up.

The fact that YOU know I am stupid doesn't bother me in the least. I have been living with that sad fact all my life. And as to you havong a superrear way to tread, I am happy for you. I have no choice in the matter. It is like a fetish. Once something strange gets you off, you're hooked for life.

Snowing here, too, BTW. I'm stuck inside because of the ice. Have a great evening!

sosueme · Feb 1, 2011

Quote from Zr1Trader:

Hey Arthur,

I have a few questions if you wouldn't mind.

What kind of slippage do you get? I have a few backtested systems that are great on paper but live when I wait for the close and enter on the next bar AFTER the signal is confirmed I always get screwed competing for the price . Only using 1 lot too.

I believe others are using a similar system because it always gets bid up right after the signal is generated. its a Trend following system , cost/commissions/slippage have ruined even my best systems. I haven't even factored in taxes. I'm baffled at how short term trading can even be profitable without having over a million to use. Only thing that I can think of is grid ordering an instrument long/short with two accounts and just grab volatility but I dont have the capital for that.

I have a 30% win rate 1:6 RR on paper and would like to make it happen live if possible. Any tips?

Your problem is you are only trading 1 lot and nobody is frightened of you and they push you around the playground.

Try trading your excellent system with 25 lots and get yourself some respect at long last.

Trust me, you will see a dramatic difference to your P&L bottom line

Samsara · Feb 1, 2011

Quote from Arthur Deco:

Cruel? You don't know cruel! You should see what I do to the silhouette targets on the range (I lernt this from my gentle Croatian wife when she was shooting at Bin Laden targets: "Got you in the balls that time, you baby-kiling bastard!") So as my shooting gets better I shoot first all the body parts that won't kill them and then work my way in. Sort of like Chinese torture (cut off a joint a day), or the way they used to martyr saints.

Yes, I assuage my heavy guilt at winning by thinking that the losers were hedging and were glad to lose.

It's the creativity that keeps me cracking up. Really!

That hundred lines has five systems in it, but I could put all ten in if I wanted to with only five or ten more lines. You can pack a shitpot of nested if-then statements into very little space. I do BT separately, but I smash them all into one code. Deconfliction can be a bitch sometimes, though. There is a huge con going in the quant industry that "The little guy can't compete. The only things that work are the subtle things we find with our computers." That is total bullshit.

Pay attention to the little things women do or say that they aren't aware of, especiually when they are drunk. Armed with knowledge you can get them to do the most extraordinary things!

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I agree. I think these cliches that the little dude can't do it, that the market is perfectly efficient, etc. are "superego" in the sense that it's most people's way of warning everyone else off an income-sucking addictive activity. Those here who constantly keep getting kicked in the balls repeat it for their own sake, for good reason. They're barriers to making money though.