ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from brotherben:

exactly my point...if u can't consistently make money demo u r not emotionally in control which means dont' risk real money...because the demo is play time.....if you cna't be in control of your actions play time how can u be i n control realtime real money? i mean live chart realtime chart with trading platform live as well......that is true demo not writing down coulda shoulda woulda...." i didn';t take that but i nknow i would have real money" trust me vol i have done it all with big money and demo.....if u can't demo u can't trade.........
More...

This advice is given alot especially to new traders and I agree that a simulator helps. If you have traded with real money, then a simulator can speed up the learning curve and give one screentime, increase pattern recognition, etc. If you are new trader you can demo forex which trades at night as well.
 
Excuse my ignorance, but what does "b/e" stand for?

BTW, that last trade was for Saxon. I know he stayed up all night worried to death about his losses. :p
 
Quote from JimmyJam:

For anyone who ever remotely wants to start trading with a trend around here.
***
Here's a graph.

The time frame is 3 minutes.
It has a 200 period Simple Moving Average.
It has a CCI Histogram.

You sell the rallies when the price is below the 200 SMA, and buy the the dips when the price is above the 200 SMA. When the market is choppy you don't do anything.
***
There's my contribution to the system development part of the thread.

Do I still trade like this? No, this is something I used about 3 years ago when I was getting serious about trading, and after studying Woodie's CCI system (free PDF at the website).

Even though I don't trade like this anymore, as you can see from the graph, the system still works.

Good trading,

Jimmy Jam

P.S. Not once today has the market given a "Buy Signal" regardless of the system you are using ...
More...

great post.this is the type of thing that keeps me on ET.

Ive been here 6+years under various names.Im about to retire my current ID.

I suspect you've been around longer than 10/05

blackguard
 
Saxon (rymes with Jaxon) has taken a lot of flak on here, mainly because he clearly violates some of what we all consider to be the basic rules of trading, ie let your profits run, cut your losses, don't add to losers (did I forget any? :) ) but, in spite of all that, it is not guaranteed that he will fail. He admits that his many small gainers are interrupted by occasional large losses. IF (big IF) he has a valid system that produces a high probability of small gains, he could have a net positive expectation. Simple for example, a system that has an 90% probability of +$100 and a 10% probability of
-$800 will have a positive expected value over time.
 
Status
Not open for further replies.
Back
Top