Are you suggesting he does not need a flux capacitor? No one is impressed by even 500 years of experience if we need the Rosetta Stone to figure out WTF he is talking about. I'm not suggesting he is a bad man just not a very good wizard. And, if you set yourself up as a wizard, you better be pretty damn good at wizadry!!
How much would you risk on a GOOD trade?
- Thread starter macintash
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I'll just point out YOU are the one that suggesting he is a wizard. And by default, wizards use a different dictionary. eenie meenie chili beanie, de spirits are about to speak. MindFreak!!!
Quote from xelite777:
If you want certainty buy CDs from your local bank. And even that I am not so sure anymore, with all that shutdown/default talk....
You may think as you wish. For me I use certainty with respect to my trading approach (I believe he OP was referring to trading and not ecomometrics). With regard to you orientation, I feel I have immunity. I trade in the context of "substitution in the econometric sense.
You mean you are willing to risk 94% of your trading capital on a single trade??
I it good for you to use the confused icon. Please reread my prior post again. I determined that certainty warrants 100%. So I implied I subtracted 6% to avoid margin actions the IB might contemplate.
Please no endless-going-nowhere lecture on the meaning of life, a simple yes or no answer will do, thank you.
While I am capable of using indicators, I use events instead.
I have appeared on the Improv stage many times. This is simply a consequence of being known in the trade.
My context in trading is that I use Boolean algebra. You may not have this orientation and you have to calculate risks and do the Kelly misinterpretations. I was an MTS at BTL so I learned to not confuse one thing with another.
Their is something to be said for using a scientific approach and the mathematics the market dictates.
It appeas that the OP does betting and OODA for trading. The success rate is nil. I am very thorough in my approach.
Since I go in at open and I use hold/reversal approach, there are times when the bar volatility is a margin concern.
To handle this I reserve some capital to avoid and IB cutting back on my position at play when I would not have enough margin for the moment.
There is also the detail of costs being collected as the day proceeds. So I do not crowd the margin for that reason as well. My BP is adjusted after close so I cannot apply new profits as the day goes by.
I also regard the capacity of the market. It is not a good idea to exceed the capacity by moe than five times.
I do have a well developed vocabulary and set of precise definitions for the "language of the markets".
I agree that I am not a CW oriented trader. On the otherhand, I have spent considerable time deelpy delving into the market's system of operation.
I am vey satisfied with my lifetime results. Others of professional note do understand that what I do is rigourous. I do not expect the SEC nor IRS to understand what they have done to attain the mistaken profiles they have generated.
What is impossible for conventionally minded people, happens to not be impossble for me and those who trade using my methods.
I do take money out of the markets. Since I do not need more than a certain amount, I pass forward capital to those who work on the cutting edge to solve problems for others who are in need.
The OP has said his thead is NOT about me. He needs help as he says. He is in fear and anxiety as he displays. Probably, he could reason. He should read how Greenspan is going through reconstucting his life's shortcomings. The OP is recongnizing, that his mind is telling him something is amiss. Greenspan sat down as stated over. He also wrote a book about his current struggle.
Pete Peterson is a colleague of mine. As an ex CEO of Lehman, he has spent a lot of time supporting the work of others. Dave Walker (ex head of GAO) works with Pete to carry ou the day to day stuff. In many ways it is just as difficult to sort out giving money away as it is making the money.
There is nothing gained by being unpleasant about any of this stuff. I'm used to people chiding me. Most think I speak in gibberish. This post is not sophisitcated nor technical; maybe you can understand it.
Come on, where would he find 1.21 gigawatts?!?
1.21 gigawatts!!!!!!
http://www.youtube.com/watch?v=I5cYgRnfFDA