ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from smilingsynic:

When it come to the S&P, the data suggest that is true on all time frames.

There is more potential for profit, but one has to be careful not to let one bad trade gobble up the profits from several winning trades.

I have never traded the DAX, but it looks like you know what you're doing. :-)
More...

My favorite counter-trend trader is Paul Tudor Jones, here is a quotes that really make sense to me:

''Develop an idea on the market and pursue it from a very-low-risk standpoint''

"I believe the very best money is to be made at market turns. Everyone says you get killed trying to pick tops and bottoms and you make all the money catching the trends in the middle. Well, for twelve years, i have often been missing the meat in the middle, but i have caught a lot of tops and bottoms.

If you are a trend follower trying to catch profits in the middle of a move, you have to use very wide stops. Im not comfortable doing that. Also, market trend only 15 percent of the time; the rest of the time they move sideways"

Tudor is a swing trader but i like his style of trading and applying it to a smaller day timeframe. Even though i do trade breakouts, i am always worried about the large stops i have to use, the same is true with trend following trades - which i do often take but the R:R is just worse imo.

Infinite strategies and methods to capture points in the markets, whatever type of trading suits your personality best i guess.
 
smiling,
I talked to a friend of mine about this and you would have to do some research, but as far as he was able to discern, so far, no distinction for the futures tax treatment has been made. I will check with him again (this was months ago).

Do you have absolute knowledge of how the trades are treated?

Let's be realistic, in a U.S. futures account, at the end of the year, you get a net statement, if you traded DAX once, would the futures brokerage break it out.

Hey, maybe that's the way to find out. In the end of year statement, does the brokerage have a separate net "end of year" statement for foreign futures?
 
Well I never, and here's me always considered PTJ as a trend follower. I guess it is easy to be a trend follower when you get in when it turns in your favour, thanks for that quote.
 
Quote from Buy1Sell2:

I also miss out on a lot of trading that bleeds the account with small stops that are placed exactly where they can be hit.
More...



What's wrong with small stops, large wins, and a high % win rate ?
 
Status
Not open for further replies.
Back
Top