And, how much have I lost?
Seem to have posted four winners and zero losers. Do tell how that loses one money?
Let's Trade III, by Sicktrader
- Thread starter sicktraderII
- Start date
- Status
And, how much have I lost?
Seem to have posted four winners and zero losers. Do tell how that loses one money?
And actually, I may be done. I just wanted to convince a few, not the dickhead peabrains of your ilk. Couldn't care less about you or your family, really, not one bit. It is the people who want to learn that I enjoy teaching. Seems as though I have led some in the right direction.
As far as I am concerned the thread has served its purpose. After reading the opening post, I decided that the mm is good enough for me to take seriously and try it out. I am going to use it until something better comes along.
Sicktrader has some talent that is rare, is quite a character. His childlike attitude toward things provoke some shallow individuals treat him poorly in this forum.
Thanks again ST.
Sicktrader's MM strategy is just a matter of trading a positive-expectancy system using very high leverage.
Works fine if you have a proven strategy but there's no actual reason to trade at $700 per car rather than $5000, $10000, or any other number. On the other hand, risk increases along with leverage.
Ah, just how I like to play it on live sportsbetting.
I will take $100,000.00 on Gambling Buds and $18,461.54 on Douches Here.
(Sick, I limited my wager to my available cash but I will PM you and you can simply send me the $1,538.46 I just won 
)Sick, what was your name on the SBR?
I will also say that yes this mm style is absolutely workable but you must have a positive expectancy for consistent results. I use different %'s myself for live sportsbetting but it is the same concept. I also use it on options but with 1 month or longer time periods. I have never traded the ES before and I am very much interested in this "experiment" because sick is talking my language. This is not really an unusual result in the live sportsbetting arena. This last college football/basketball season I multiplied my bankroll by 17x (not unusual). By the end of the season my initial wagers were more than the bankroll I started with and I was not overleveraged. Of course in that arena you run into liquidity/pricing problems when size gets too large.
Sick, I hope you stay and complete this experiment win or lose (and your "loss" would probably still be a profit but just not hitting the goal by the deadline). I think you can and have opened up some eyes as to the possibilities. There is no one way to do just about anything. As for proof, that's obviously up to you. The way you are posting your trades now is fine by me. Frankly, the way some of these posters have treated you I probably wouldn't post the "proof" that they want.
Best of luck with whatever you decide.
Joe.
I have been on Sick's side from the get-go. Whether he reaches his goal or not, in the time allotted or not, does not matter. If he says he can do it, who am I to try to come up with some theory as to why he can't. After all, just becasue I cannot run a sub four minute mile does not mean there are not a few folks who can.
But he did start his very first journal with the promise of posting his daily blotter or at least his daily equity run. Since it was Sick himself that raised this expectation, then I do think he ought to post that which he initially promised. He can download screenhunter for free, and just take a screen shot of that part of his daily run that shows pnl from trades and closed equity without sharing his account or other personal information. It is, of course, his decison to make, but continuing to withold the minimal verification that he himself promised serves no positive purpose.
That being said, I hope he continues his public project, as I am enjoying the show, and I may learn something along the way. I'd rather see him post his trades on twitter than here, however, because unlike many of those posting here, I actuallydo trade during the day, and I do not read his journal until I am finished for the day. And it is not pleasant to have to wade through 80 pages of junk to find the three or four posts that really matter.
I agree, but he will get himself banned before he has a chance to post any sort of proof. It would be enlightening to see where his actual fills are. Targeting 3 points while risking 2 points makes fill prices essential in determining final R:R There was also a questionable trade that didn't exactly meet his entry criteria, but he took credit for it anyway.
Yesterday, he once again posted emoticons of ejaculating monkeys. The post was deleted, presumably by him.
The money management doesn't work.
If you start with $700 you are at best two trades away from risk of ruin with any brokerage which would allow you to have such a small amount of performance bond in your account in the first place.
If you incresase the number of contracts (say, 10 contracts with $7000 instead of 1 contract with $700) it is essentially the same, except it would take you <strike>much</strike> a little longer to blow-out your rapidly diminishing trading account.
Changing the money management to $5,000 instead of the $700 that sicktrader mentions makes the whole exercise moot, and his explosize returns non-existent.
It's been a lot of fun, but I don't really think this Journal has gone, well, anywhere.
P.S. But it has introduced a new level of extremely funny emoticons to the ET culture, for which I am verry happy!
If you start with $700 you are at best two trades away from risk of ruin with any brokerage which would allow you to have such a small amount of performance bond in your account in the first place.
If you incresase the number of contracts (say, 10 contracts with $7000 instead of 1 contract with $700) it is essentially the same, except it would take you <strike>much</strike> a little longer to blow-out your rapidly diminishing trading account.
Changing the money management to $5,000 instead of the $700 that sicktrader mentions makes the whole exercise moot, and his explosize returns non-existent.
It's been a lot of fun, but I don't really think this Journal has gone, well, anywhere.
P.S. But it has introduced a new level of extremely funny emoticons to the ET culture, for which I am verry happy!
- Status