Let's Trade III, by Sicktrader

sicktraderII · Jul 31, 2009

Would normally pack it in for the day with two early winners, but I'll hang around till lunchtime since I have a goal to reach.

sicktraderII · Jul 31, 2009

I am getting a lot of pms about this thread being tough to follow, and that is probably true. I don't expect any more trades today since I'll probably pack it in around lunchtime, but I will also post my trades on twitter now (will post here as well) for those that just want to see the trades. http://twitter.com/sicktraderII

R. Raskolnikov · Jul 31, 2009

No you wouldn't, you'd be the first to bitch about how he must be trying to sell something or it must be a scam somehow. You've NEVER showered praise on anyone.

Please, don't insult peoples intelligence.

Quote from TraderZones:

Further, FWIW, the complaint is not against whether sicko has an "edge." If sicko has an edge, wonderful. I will be the first one to toot the horn.

wee man · Jul 31, 2009

Quote from TraderZones:

The complaint is ONLY against commercializing this on ET and using insane money management.

[/B]

TZ, Give it a rest man, please. We all get it - so what!

You are acting like a strict parent that wont let your kids go out to play with the rough kids or wont allow them to eat a burger or crap like that...give it a break.

Snowman75 · Jul 31, 2009

Agreed! We all get it TZ! We appreciate the warnings, now just let the thread continue please without further interruptions.

Arnie · Jul 31, 2009

Quote from TraderZones:
Loading up on dozens of contracts with small amounts may be fine, until the news story breaks that "Israel just attacked Iran." or even a wrong story such as "Al Qadea sets off dirty bomb" or "dollar collapses on son-sale of treasuries" or 100 other scenarios.[/B]

That's event risk we are all exposed to. Remember those 10-15 pt "fat finger" moves in ES a few years ago? Hard to plan for that.

But, you do give me an idea. Suppose you have 2 accounts set up with different firms. One trades a momentum/break out method and the other trades support/resistance. If both have a pos expectancy, then it seems they could smooth the equity curve.

atticus · Jul 31, 2009

I don't see any problem here, other than the last 98550 short was a bit dubious. Nothing that a pic of his daily run won't solve, but for some reason it's not forthcoming.

sicktraderII · Jul 31, 2009

Quote from atticus:

I don't see any problem here, other than the last 98550 short was a bit dubious. Nothing that a pic of his daily run won't solve, but for some reason it's not forthcoming.

for those who are interested, you will be seeing yesterday's and today's statement tonight or in the morning. Anyone know how to use photoshop?

All calls have clearly been posted in advance.

Anaconda · Jul 31, 2009

Thread is very entertaining.

As for the whole 3pt target, 2 pt stop concept, it's pretty obvious to anyone who is a trader or was a trader that it does not work. If it did, everyone would be a millionaire with a simple automated system a long time ago. Slippage & commissions make sure that it does not work.

Money management is not an edge, never was and never will be.

sicktraderII · Jul 31, 2009

Quote from Anaconda:

Thread is very entertaining.

As for the whole 3pt target, 2 pt stop concept, it's pretty obvious to anyone who is a trader or was a trader that it does not work. If it did, everyone would be a millionaire with a simple automated system a long time ago. Slippage & commissions make sure that it does not work.

Money management is not an edge, never was and never will be.

Stay tuned.