PRINCIPLES OF GREAT TRADERS

Sekiyo said:
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COME TO FIND OUT;
Pit Bull, nickname + name of his book hit REAL close to home:caution::caution:
I'm a book person, but written by top traders[real people or kids].
Bid\ ask spreads bore me; mostly I like looking -study charts.
I haven't listened to price for years; old telephone quote:D:D
i like Larry''mint'' Hite except markets are not a bet or lotto LOL He's is right like a lotto,[in a smal way] have to be in to ''WIN''LOL:D:D A lotto is a stupid tax on people that cant do math
 
VSTscalper said:
Here is an example of an Algo - based on what I call - "True Price Action". It was developed to "Cut Losses" - "Ride Winners" - and of course by doing this - we can to some extent - "Manage Emotions".

The Algo has a "VERY LOW" Winning Percentage - which sounds BAD - but by "Cutting Losses" relatively quick - that is what can happen. Look at the following pictures - especially - "Total Trade Analysis" - please take time to really study it.

I just added the Algo Inputs. The Trading Hours can be set - along with Starting Capital and Margin. Notice I have the Margin set VERY HIGH - but it can be set per your Broker Margin Requirements. This particular Algo - can trade up to 4 Contracts - although I do have Algos that can trade in the Hundreds - but ONLY if you are Extremely Rich - or just Stupid - whichever fits. Long ago - in my early days of trading - I did the Stupid thing - and I never want to go back there again.

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Good Morning VSTscalper,

Nice charts, however, I believe you was called out for scamming ET forum members selling them broken algos on your thread before and here you are doing again. Few members posted about what you do behind the scenes. Showing off again trying to bring members to Private Messages and take their money.

Take a break man with the Bullshit, you not showing nothing special here. You can not prove this algo works with the real money and many ET members ask you to post real live results with small MES or ES account and you still have not done it. You are just showing off playing around.

https://www.elitetrader.com/et/threads/scalping_my-way-with-acv.68098/page-59#post-5792135

https://www.elitetrader.com/et/threads/scalping_my-way-with-acv.68098/page-53#post-5790023

https://www.elitetrader.com/et/threads/scalping_my-way-with-acv.68098/page-44#post-5741302

I too can go in my NinjaTrader8 platform and back test a few months to get a pretty equity curve just like you posted and then post to the ET forum to dazzle forum members. But I will not do that because it would be a waste of my time and ET forum members time. And I would be a liar to other ET members.

If I really wanted to dazzle ET forum members, I show them two things only:

1. + 5 year back test of algo. 10 years is better.
2. +1 year of real live equity curve of the same algo.

You not helping anyone showing them a back test. All Algo developers know a back test can be a lie or made up.

Show the real money of the algo results man and stop playing around.
 
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Sekiyo said:
You might cut then re-enter because the market pause.
The asymmetry just resolved itself. Market found balance.
But you re-enter because price, after a while, moves to continuation.
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THAT;
or stay in+ do an inverse ETF trade. NOT much difference except could do an inverse without losing main-trend position. Coco upticking again, good call , i dont drink much of the stuff\ LOL:D:D
 
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