Reality based coin-tosser method that beats 95% of traders in the world.

[wee man]

Quote from Whisky:

Think EXITS wee man. That's what produces the returns vs. risk taken.

Yes, but still, the discretionary trade is the play 'at the moment.'

Just because a tight stop is employed with the toss system don't make it right - I mean, cant you wait till the markets begin drift in a range? Thats when I believe the tosser will shine.

 

[Whisky]

Quote from Badoit:

[rolls eyes...I was being half facetious and half serious]

So far on this thread there has been mostly talking about Jack Hershey, who it seems to me must be some sort of pathalogical bullshitter or on acid.

I made my point because most (all?) of the ideas raised are technical analysis with no mention of trading fundamentals... if you are trading the ES then (IMHO, of course) you should be looking to position yourself according to the markets appetite for risk. The markets appetite for risk is more likely to be driven by intermarket themes and the major news events of the day rather than how the last bar closed (or whatever).

Sticking to strict entry criteria can be improved by upon by using your bonce (Engligh for Head).

You will have to prove to yourself and others that your suggestions bring in at least 1 tic per day on average extra profit over the original method rules.

 

[Whisky]

Quote from wee man:

Yes, but still, the discretionary trade is the play 'at the moment.'

Just because a tight stop is employed with the toss system don't make it right - I mean, cant you wait till the markets begin drift in a range? Thats when I believe the tosser will shine.

You can only profit by:

1-Giving liquidity to losers.

OR

2-Taking liquidity from winners.

OR

3-Both of the above.

In all cases you will need to overcome comms, slippage, and dare I say...living expenses.

 

[wee man]

Quote from Whisky:

You can only profit by:

1-Giving liquidity to losers.

OR

2-Taking liquidity from winners.

OR

3-Both of the above.

In all cases you will need to overcome comms, slippage, and dare I say...living expenses.

OK, I think I will stand aside for now - good luck.

 

[Badoit]

Quote from Whisky:

You will have to prove to yourself and others that your suggestions bring in at least 1 tic per day on average extra profit over the original method rules.

If you want proof that the news and fundamentals are an improvement on flipping a coin you should visit a trading desk.

Why don't you just say what you want to say?

EDIT: Also, you be looking to outperform cash, not just covering expenses.

 

[Whisky]

Quote from wee man:

OK, I think I will stand aside for now - good luck.

Check out Mike and mag posts for some interesting and CONCRETE ideas to improve over the original LOSING method and rules.

Maybe you can come up with a few ideas of your own?.

 

[Whisky]

Quote from Badoit:

Why don't you just say what you want to say?

I do that all the time.

 

[Badoit]

Quote from Whisky:

You can only profit by:

1-Giving liquidity to losers.

OR

2-Taking liquidity from winners.

OR

3-Both of the above.

In an anonymous exchange environment, the counterparty doesn't have any impact on the result of the trade.

(I just re-read my posts... not trying to be difficult, its a good thread).

EDIT: What I mean to say is that it doesn't matter who you sell to / buy from... if the counterparty wants to dump 10,000 lots then of course they have an effect, but they will do that whoever you trade with

 

[Whisky]

Quote from Badoit:

In an anonymous exchange environment, the counterparty doesn't have any impact on the result of the trade.

I seriously doubt you can prove that to yourself and others, but be my guest, maybe you arrive at the opposite conclusion if you work on it?.

I know if someone pointed a gun to my head and forced me to front-run Goldman Sachs orders in the current environment, I would oppose little resistance. You could argue that it was because of the gun.

 

[Badoit]

Quote from Whisky:

I seriously doubt you can prove that to yourself and others, but be my guest, maybe you arrive at the opposite conclusion if you work on it?.

I know if someone pointed a gun to my head and forced me to front-run Goldman Sachs orders in the current environment, I would oppose little resistance. You could argue that it was because of the gun.

see my edit: If you want to front run GS, fine, GS are going to do what they are going to do - they don't give a shit about who is on the other side of your trade.

infact it is probably impossible for them to know who you are and who your counterparty is