Elite Trader's Gambler's Anonymous ETGA

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Does Cash & Carry make its money entirely from interest payments?

No

There is occasional trading that takes place when all three pair are close to the current price and the only thing left to do is take profit off the table at the rate of $1.00 per thousand units held (earlier it was $0.50 per thousand, but that was wasting spread and exiting and entering too much).

There has been an few weeks of this live in this Journal. Naturally those are fun times and your scaling techniques will be tested. As for each exit there is a re-entry, a balancing of the gambling meter, and a reset of the limit orders waiting to average in with.

Michael B.
 
Discoveries that I have made while trading this Journal:
  • The gambling meter was too high in the beginning. Higher Gambling meters, produce higher drawdowns, requiring a higher cumulative profit to be made to reach a 1:4 max DD to profit ratio.
  • The "increment finder" calculations were too tight in the beginning.
  • The entire system can be systemized, except for the re-entry and the scaling technique's that I use. I made an attempt to describe what I do, however.
  • I should have concentrated on drawdown early on and developed the max risk to cumulative profit ratio goals earlier.
  • When all three instruments go profitable in the system for an extended time expect a test in the other direction and reduce exposure accordingly. The system condition is actually a great predictor and you could actually trade it in another "trading type" system of fade/anticipation trades.
  • This Journal should have focused on one system from the beginning, thus avoiding the confusion to it's readers. However, the perpetual trading that "Volatility Grabber" illustrated was fascinating wasn't it? I will trade it someday, but it will mark a beginning of a long time of building.
  • That I love Wifey more and more as each day passes.

Michael B.
 
The introduction of the "Gambling Meter" and the discussion here hopefully proves that:

ANY Trading system can be traded and its drawdown improved, as long as it shows a profit in one year.

ANY Trading system can become a "Not Gambling" system.

New Traders should be persuaded to read the concepts here and ponder them. This community of traders that have contributed should be pleased that ET publishes this Journal and be happy to be a part of this archive.

As far as I am concerned, this is a chapter in Trading 101 and I am pleased to be a part of it.

Michael B.
 
Readers,

I will be withdrawing $458.60 from the account within 7 days. We bought a condominium closer "in" to the City of Denver. We will be moving on 08/01/05. I find that I need some cash and this is the best account to pull it from..of course Cash & Carry :)

(I someday will build my dream home, when I can get it built by contractors, I can trust, and on a view lot that I can find)

Good Trading to ALL of you.

Michael B.

P.S. You might wish Wifey a congrats...She just got a phone call about her internship at a local Animal Hospital and starts as early as next week. It's a Sponsored and PAID internship! She is completing her degree in Animal Technology. Life is good Folks...
 
Quote from Sympatico:

I'm sorry to read so many of you are collapsing. This, I think, is proof positive my trading strategy cannot be taught except perhaps to a select few conceptually oriented thinkers.
More...

What's this flaming all about?
If you need 300K to make a decent living out of it, then your system ain't worth.....

We take your idea, combine it with other ideas to make our own. That's how ideas are created.

For my part i'll try to move to a standard portfolio/trading system, but only using pairs with positive interest differential.

Of course i'll have to adjust some things, for evey buck of daily interest i make my P/L fall by 10$!!!

But then again it's wednesday, with 3 days of droping. Rarely see 5 consecutive days, it should correct a little and i'll have survived my first bad week!!!
 
Max,

Since when was Cash & Carry Sympatico's idea? This is Electrics system from last July, before he knew who Sympatico was?

Everybody is confusing System#1 (Volatility Grabber) which is a COMPLETELY different System which trades with hedges and grabs chop! Sympatico calls it a pool, Simspeed calls it a Grid...Some call it a net...sheesh What does this have to do with what Electric is trading and what this Journal has become?

I think Electric better start a new Journal and call it Cash & Carry...

Wifey


Quote from Maxprofit$:

What's this flaming all about?
If you need 300K to make a decent living out of it, then your system ain't worth.....

We take your idea, combine it with other ideas to make our own. That's how ideas are created.

For my part i'll try to move to a standard portfolio/trading system, but only using pairs with positive interest differential.

Of course i'll have to adjust some things, for evey buck of daily interest i make my P/L fall by 10$!!!

But then again it's wednesday, with 3 days of droping. Rarely see 5 consecutive days, it should correct a little and i'll have survived my first bad week!!!
More...
 
Quote from MrsSavant:

I think Electric better start a new Journal and call it Cash & Carry...
More...

I think that's a good idea! That way, when you trash your system, it won't be confused with other people's system.

Plus, I'd call it "Cash & Carry & the Savant Family", that way, you can advertize all you want and everyone will know what they're walking into...
 
Quote from Maxprofit$:

What's this flaming all about?
If you need 300K to make a decent living out of it, then your system ain't worth.....

We take your idea, combine it with other ideas to make our own. That's how ideas are created.

For my part i'll try to move to a standard portfolio/trading system, but only using pairs with positive interest differential.

Of course i'll have to adjust some things, for evey buck of daily interest i make my P/L fall by 10$!!!

But then again it's wednesday, with 3 days of droping. Rarely see 5 consecutive days, it should correct a little and i'll have survived my first bad week!!!
More...

This is what I mean! No one said you need 300K to trade what I'm trading, but the little Cash & Carry thingy, which is appropriate as a 'savings tool', but certainly not trader grade, is what is being pursued here.
 
you obviously don't understand the product...you are using small interest bearing pears and maximizing the small interest through leverage. understand the system thoroughly then criticize.
 
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