Cash & Carry

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winter,

Its just how I think. Perhaps I am lying to myself then. On this system I will trade until I get 5k in draws. I have traded this way now for several years and I have lasted longer this last run than the other two times that I blew up.

When I get my grubstake back its like a plateau being broken and also the length of time in that cycle to get it back is my future benchmark as to what to expect.

I measure my worth on the amount of cash I have, not whats on paper.

I have a FY account too..Do you know what that is?

Michael B.

P.S. Believe me I understand the word "compound" in my own "plain speak" way. I can't begin to tell you my experience with money managemnt to martingale ...a-z.....I have discovered my mentality and what pleases me, and getting back my original grubstake and continuing is the "gecko" for me. Lets do the robot.


Quote from winter:

I don't mean to get off on a tangent but that just doesn't make sense. That's like saying if you play slots, hit a big jackpot and then continue playing with your winnings only, that you are aren't gambling. Of course you are, the fact that earlier gambling paid off doesn't change the act going forward. You can say that you aren't risking your own money from that point on (house money) but you cannot say its not gambling.

In my opinion its gambling if you are unsure of the outcome & money is at risk (even if the money wasnt previously yours). Since you have acknowledged that its possible that the account can be blown out then its gambling.
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Winter,

Could you post the template of the spreadsheet that I could post here that would be helpful to you and others.

The current spreadsheet will continue. (it has to, as it is an integral part of the system).

Sorry for my earlier dislay of emotions. I feel much better after the break, and I hope plook answers me. I think he knows his trading.

Michael B.
 
Quote from ElectricSavant:

Its just how I think. Perhaps I am lying to myself then.
<snip>
I have a FY account too..Do you know what that is?
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Lying is an awfully strong word, I think it would be better to say that you have a different definition of gambling than I do. I would just caution you to be careful not to say that there is no gambling in your system because to me (and I suspect others) that implies no risk which I think we have agreed is not the case.

I don't know what an FY account is.
 
But I cut it in half to be negative through the way I report the "projected" as I do not want to mislead anybody. I used an average in the formula, if I remember correctly.

Michael B.

Quote from Plook:

Okay, Electric, sorry for the misunderstanding. After further review (due in part to a problematic 'Adjustment' column), I find you are indeed profitable! :) Current APR is 98.15% or 18.1% over 66 days. Congrats! Keep up the good work!
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Winter,

We all have ways of dealing with our emotions, expectations and goals. I find that Lying is an appropriate word. The human psyche can be rather strong in the way people survive.

I like to think of it as I got my Cash so you can go Find Yours. Some others replace FY to be another abbreviation. It is a point at which you are no longer chasing after money and do not care much anymore. Bob Brinker had a term for that..can't remember.

Michael B.

Quote from winter:

Lying is an awfully strong word, I think it would be better to say that you have a different definition of gambling than I do. I would just caution you to be careful not to say that there is no gambling in your system because to me (and I suspect others) that implies no risk which I think we have agreed is not the case.

I don't know what an FY account is.
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Electric just one thing.

You really must lighten up.

Your homegrown spreadsheet and my little enhancements IS NOT STANDARD.

You seem to think that someone can crack open your sheet and be on page 1 from the "get go"

I think you have treated plook wrong. He came here and read all this crap, and took his time to educate you and comment. All you could do is make it personal.

Electric I am surprised at you...You ask for help and now you have alienated yourself from the traders you claim you so dearly love.

Tomorrow is a new day, go lay down honey, and lets forget this.

And plook, please answer Electric as he is very frustrated and needs to talk to you. He actually does not know if he is reporting correctly. The NFA could not help him either.

Wifey
 
Quote from MrsSavant:

Electric just one thing.
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Aren't you two sitting in the same house? The "communicating via public posts on ET" seems a bit odd IMHO. None of my business of course but I just felt it needed to be said.
 
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