Elite Trader's Gambler's Anonymous ETGA

Status
Not open for further replies.
I am pleased to announce that I was able to get completely flat in all three pairs allowing me to transfer more dollars to cash and achieve 3.50:1 Cast to Trading ratio.

I am busy building positions back to ideal proportions (they are lower numbers).

I am starting the new ratio at extremes in two pairs, which will inevitably test/demonstrate the resolve of this system.

Folks, I had to take this opportunity as I DO sit on the "Not Gambling" side of the car.

Michael B.

P.S. Wifey may have her new home shortly (I signed some papers, yesterday and they are going to build it...but I do not believe anything until I get the keys to the front door) and the Hummer may be in her own driveway, before she knows it (I am keeping my wonderful 1990 Plymouth Voyager with simulated wood grain siding).
 
Electric,

Whats important to me as a traders wife, is shelter, food, medical insurance and no debt. Any other Wifey's out there...listen to me...Encourage your man if he wishes to trade, to follow some of Electric's concepts (I taught him everything he knows).

Also Traders have a tendency to not care about anything, so remind him about those four necessities above, or he will try to keep rolling all the cash into trading.

Honey, I can wait for the Hummer.

Wifey
 
Lots of Trading...around $77.00 in profits so far...This is not really a trading system, but a carry system. I do not want anybody to get the wrong idea about this Cash & Carry system. This grouping of trading days is not normal (dialing down should be on your mind when this happens). I prefer a slow, steady equity curve, because at the end of the year the stated yield is where I arrive anyways. That is 25% APR after labor, so all these profits will just mean an increase in cash...NOT TRADING. I view my job to "come in" at the end of the year at my projections. Call me a CEO to the stockholders if you will...(remember dialing down exposure is just as good as booking profits)

This method of "not gambling" and the conditions discussed above, can cause a calibration of the "Gambling Meter" in the favorable direction. Call it "Rational Exuberance".

Michael B.
 
One more time?

Is trading Gambling or "Not Gambling"? Nitro? anybody?

HAVE I CONVINCED ONE TRADER, WHO THOUGHT OTHERWISE, BEFORE READING THE TWO THREADS?
 
Today's spreadsheet is too big to post (sheesh Electric didn't make that much money:)). What do I do? Could the moderator consider making a larger size possible? I will try to zip it up for the time being.

Wifey
 
Status
Not open for further replies.
Back
Top