Let's Trade III, by Sicktrader

bwolinsky · Jul 31, 2009

Quote from Pekelo:

You moron, that was posted in the very first post of this thread.

Is it really that hard to add/subtract 2 points from an entry price?

Go back and look at the thread. He's only posting an entry, and apparently has made an attempt to widen the stop to 2.5 points, so whatever he says doesn't really matter without a post.

atticus · Jul 31, 2009

Quote from bwolinsky:

Go back and look at the thread. He's only posting an entry, and apparently has made an attempt to widen the stop to 2.5 points, so whatever he says doesn't really matter without a post.

Taking liquidity costs $25 per contract in the ES per round-turn. Fully 25% of his 2-point SL and 16.67% of his TP. I would say that the lack of statements are material here. It's too easy to phuck with the numbers.

It's not legit at this frequency w/o a daily run.

Trader666 · Jul 31, 2009

That depends on how you define "edge." As I said, MM can't make a system profitable that doesn't have a positive expectancy to begin with... BUT great MM can help one wring A LOT more out of a system with a positive expectancy than merely adequate MM.

Quote from Anaconda:

Money management is not an edge, it is a basic requirement for a profitable strategy.

Mike805 · Jul 31, 2009

Quote from atticus:

Taking liquidity costs $25 per contract in the ES per round-turn. Fully 25% of his 2-point SL and 16.67% of his TP. I would say that the lack of statements are material here. It's too easy to phuck with the numbers.

It's not legit at this frequency w/o a daily run.

Even if we assume he pays the spread on both sides for entrys and stops (which might be taken down to $12.5/RT if he's patient), how many of the strict(?) TP limits do you think he'll get traded through on, as in a tick over? I'd say about 66% of the time before the trade moves away from the TP, i.e. a touch with no fill...

atticus · Jul 31, 2009

Quote from Mike805:

Even if we assume he pays the spread on both sides for entrys and stops (which might be taken down to $12.5/contract if he's patient), how many of the strict(?) TP limits do you think he'll get traded through on, as in a tick over? I'd say about 66% of the time before the trade moves away from the TP...

No way Mike. I don't see much of a chance at improvement if he's placing SL/TP on the opening trade. I don't see a lot of day-session gaps. Of course, that cuts both ways.

Kassz007 · Jul 31, 2009

Quote from Anaconda:

Slippage & commissions make sure that it does not work.

Don't know if slippage and commissions make sure it doesn't work, but it will severely hurt it's chances. I don't think people are putting enough stock into this fact.

bpcnabe · Jul 31, 2009

this method of turning less than 1k into 200k is dubious at best

I prefer the Hillary method of trading the ags.

greatmatez · Jul 31, 2009

Quote from R. Raskolnikov:

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.

Ignore this loser, he used to be The Swordsman and blindly followed Jack Hershey into loss after loss.. he can't think for himself

Mike805 · Jul 31, 2009

Quote from atticus:

No way Mike. I don't see much of a chance at improvement if he's placing SL/TP on the opening trade. I don't see a lot of day-session gaps. Of course, that cuts both ways.

Yeah... its not looking too probable here without the daily report. The fills are paramount.

Trader666 · Jul 31, 2009

Uh oh... what happened to all the wide-eyed believers? Is it possible that sicktrader's really not able to multiply his money 20X in 65 trading days?

Come back believers, you're ruining my ET moment