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Arthur Deco Mentors ET Noobs
- Thread starter Arthur Deco
- Start date
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.
You are spot on about the psychological makeup of home traders!
Definitely a clutch of sick puppies, and I am their den mother today!
The best part about the entertainment is that you don't have to hear them, see them or smell them. Just rede between the lines and laugh your ass off.
Hello Mr Deco, thanks again for the previous responses.
One of my favorite hobbies is to make a note of some interesting formula or info, let that note get buried on my desk, find it months later and try to figure out "what the heck is that??? where did it come from???? what does it mean???" If you or anyone else is bored waiting for the next backtest to run, I'll let you in on the fun. Latest one I've found is:
Expected Max Losing Streak = ln(1/number of trades) / ln(% of losers)
Any idea what it means? I can figure out the formula, but no idea if it is valid, could be put to any use, is part of some model or theory, or where it came from.
One of my favorite hobbies is to make a note of some interesting formula or info, let that note get buried on my desk, find it months later and try to figure out "what the heck is that??? where did it come from???? what does it mean???" If you or anyone else is bored waiting for the next backtest to run, I'll let you in on the fun. Latest one I've found is:
Expected Max Losing Streak = ln(1/number of trades) / ln(% of losers)
Any idea what it means? I can figure out the formula, but no idea if it is valid, could be put to any use, is part of some model or theory, or where it came from.
Quote from jinxu:
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 opinions are worth anything more than toilet paper??? It seem like everywhere I post, you're always there to make a comment.
You've got it backwards crazyman. I was actually stalking Art Deco when you tapdanced in!
ET is fantastic entertainment, you see. This is boring, sedentary work, so when people from outerspace present their exciting theories about reality, it makes my day a little brighter.
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?
If you a coder, capture the spread and the bid/ask and see what happens to them on the change of the minute. Not always, but often enough. EVERYBODY uses the same system. But they don't know it. They have a thousand different names for the same thing. I plug a half-tick per transaction into my backtesting and that is pretty close. if you are backtesting you can loosen the stops up to get a more realistic R/R. I think 6:1 is questionable.
I actually have multiple instances of you stalking on record. ET records post dates just in case you didn't know.Quote from Samsara:
You've got it backwards crazyman. I was actually stalking Art Deco when you tapdanced in!
Between me and you, I have p/l statements to back up my claims. So it'll be my words that are more legitimate.
ET is fantastic entertainment, you see. This is boring, sedentary work, so when people from outerspace present their exciting theories about reality, it makes my day a little brighter.
Until you show some p/l statements, your words are toilet paper. I don't know if you even trade for real.
Quote from sosueme:
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
There is only room for one humorist in this thread!
Quote from Samsara:
It's the creativity that keeps me cracking up. Really!
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.
Progressive Alzheimer's is taking its toll. But there was a white trash Southern author once whose name I now forget who was asked how she made up all the stuff she wrote. She replied something like "I HAVE to make it up, because if I wrote the truth, nobody would believe it!" Everything I have told you is true. Hence you don't believe it.
You might very well be right about the superego thing in trading. I got rid of mine a long time ago. Never miss it. An unrestrained id is a fearsome thing.
Quote from jinxu:
I actually have multiple instances of you stalking on record. ET records post dates just in case you didn't know.
Between me and you, I have p/l statements to back up my claims. So it'll be my words that are more legitimate.
Until you show some p/l statements, your words are toilet paper. I don't know if you even trade for real.
I'll be completely happy if anyone uses my words as toilet paper -- they'll have a function in this cruel world! Let's not derail this thread any further, honeypants, out of respect for the lively Art Deco.