Why did you change you handle? What was your handle? I used to be bhardy but decided I didn't want my name all over ET after I was attacked by Atticus over a choice to collect Employment Insurance while trading last spring. He was right. I got myself working and now I'm trading again.
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Oh Man, I'm Flat
- Thread starter oldtime
- Start date
Why did you change you handle? What was your handle? I used to be bhardy but decided I didn't want my name all over ET after I was attacked by Atticus over a choice to collect Employment Insurance while trading last spring. He was right. I got myself working and now I'm trading again.
and that my friend is why I no longer trade ES exclusivelyQuote from SimpleTrades:
I'm not limiting myself to one direction. Recently, I have chosen to be long, but if there is clear trend I will modifiy my direction. Look at the weekly chart. We're still deeply stuck in a range. In a range, either direction is equally valuable.
nobody is that good
I just got lucky
I'm too old to bet that lightning will strike twice in the same place
you can set up a nice little business spreading
buy, sell, trade
I don't know, the only ones I remember from the old days were bone (who was a bond trader) and nitro (who was a scalper.)Quote from SimpleTrades:
Why did you change you handle? What was your handle? I used to be bhardy but decided I didn't want my name all over ET after I was attacked by Atticus over a choice to collect Employment Insurance while trading last spring. He was right. I got myself working and now I'm trading again.
Quote from oldtime:
and that my friend is why I no longer trade ES exclusively
nobody is that good
I just got lucky
I'm too old to bet that lightning will strike twice in the same place
you can set up a nice little business spreading
buy, sell, trade
Spreading is a strategy that depends on you having a lot of capital. I'm not in that position right now. Spreading in your case is quite simply diversification. However, if you over diversify you reduce yourself to a zero sum game, in fact a negative sum game after accounting for the spread and comissions.
well heck if you overdo anything you will lose your ass, doesn't matter what it isQuote from SimpleTrades:
Spreading is a strategy that depends on you having a lot of capital. I'm not in that position right now. Spreading is quite simply diversification. However, if you over diversify you reduce yourself to a zero sum game, in fact a negative sum game after accounting for the spread and comissions.
Quote from oldtime:
well heck if you overdo anything you will lose your ass, doesn't matter what it is
My point is simply this: are you really providing yourself with a grand benefit, or in the long run are you in exactly the same position as me? You reduce your rate of loss, but you also kill your rate of growth. What's the difference between me risking $1000 100 times and you risking $100,000 distributed through multiple simultaneous trades, multiple times a month? If we aren't chosing the right direction, we both stand to lose $100,000.
so please explain it to me
this last position that just about made me want to quit trading and go raise chickens was
aud.usd long
eur.usd.short
gbp.usd short
usd.cad.cad
there was a lot of adding and some subtracting on each individual pair until I finally got lucky on some long aud.usd
and that position created the cross
short eur.aud
short eur.cad
short gbp.aud
short gbp.cad
and everyday I had those crosses on my screen, just looking for red
now I want to to go
aud.cad long
eur.cad short
gbp.cad short
usd.cad.long
that creates for me the cross
short eur.aud
short eur.usd
short gbp.aud
short gbp.usd
the difference is for me I'm trying to buy and sell on extremes at limits, and just throwing the towel in and adding on stops.
it's all just position size
the whole idea is to never let your largest loser also be your largest position (and it can happen before you know it.)
this last position that just about made me want to quit trading and go raise chickens was
aud.usd long
eur.usd.short
gbp.usd short
usd.cad.cad
there was a lot of adding and some subtracting on each individual pair until I finally got lucky on some long aud.usd
and that position created the cross
short eur.aud
short eur.cad
short gbp.aud
short gbp.cad
and everyday I had those crosses on my screen, just looking for red
now I want to to go
aud.cad long
eur.cad short
gbp.cad short
usd.cad.long
that creates for me the cross
short eur.aud
short eur.usd
short gbp.aud
short gbp.usd
the difference is for me I'm trying to buy and sell on extremes at limits, and just throwing the towel in and adding on stops.
it's all just position size
the whole idea is to never let your largest loser also be your largest position (and it can happen before you know it.)
Old time, I can't wrap my head around that mess right now. Instead I'm enjoying a nice performance of Mozart's requiem, awaiting my next delivery and relieved that I have a very simple system that is making a little extra money for me. I don't want to be pumped up on alcohol and dope stressing about my trading. Sorry.
Keep it simple, stupid.
Keep it simple, stupid.
mozarts requiem on a sunday morning?Quote from SimpleTrades:
Old time, I can't wrap my head around that mess right now. Instead I'm enjoying a nice performance of Mozart's requiem, awaiting my next delivery and relieved that I have a very simple system that is making a little extra money for me. I don't want to be pumped up on alcohol and dope stressing about my trading. Sorry.
Keep it simple, stupid.
how bout a little telemann
save the heavy stuff for when you need it
the difference is, if I put on the cad spread, initially I am only 25% long usdQuote from oldtime:
so please explain it to me
this last position that just about made me want to quit trading and go raise chickens was
aud.usd long
eur.usd.short
gbp.usd short
usd.cad.cad
there was a lot of adding and some subtracting on each individual pair until I finally got lucky on some long aud.usd
and that position created the cross
short eur.aud
short eur.cad
short gbp.aud
short gbp.cad
and everyday I had those crosses on my screen, just looking for red
now I want to to go
aud.cad long
eur.cad short
gbp.cad short
usd.cad.long
that creates for me the cross
short eur.aud
short eur.usd
short gbp.aud
short gbp.usd
the difference is for me I'm trying to buy and sell on extremes at limits, and just throwing the towel in and adding on stops.
it's all just position size
the whole idea is to never let your largest loser also be your largest position (and it can happen before you know it.)
if I put on the cross I am 50% long usd