Quote from saxon22:
I have disclosed some of it here on ET and I am not here to say that what I do is superior to others or better. Simply put, so far this is how I make my $$$$. Yes the system is testable. In a way it is somewhat similar to what you guys do here except that I cast my net wider and take more risk.
What I am saying is that I get hit for about $15.000 once amonth, the rest of the days I take in a sizeable amount of $$$ (for me that is).
I do no know better and I am not all that. I am a humble fellow, and maybe so far I have been lucky. Time will tell.
Good weekend to you!
I trade countertrend, too, so I cannot say that I disagree entirely with your approach. The super-high leverage would concern me, because it takes only a small losing streak (statistically a guarantee) to wipe out a number of hard-earned profits.
Plus one should also take into account Murphy's Law: there HAVE been times when Globex is down, and one cannot get out of the ES (hedge with YM, in that case, but many don't know that); computers break in the middle of trading days; brokerages sometimes are not up and running.
My point? Expect the unexpected. I tend to be careful, because I have seen many others who weren't, not be around.
- the money doesn't get spent, it accrues.