Six Steps to Better Trading

Quote from TraderZones:

You don't really want to have a head to head comparison between Joe Ross and RFT, do you???
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What do you think? Are you rooting for one side or the other?

If I were the OP, I would also start a trading newsletter (the kind they send via emails). OP seems to know very well the average Joe Trader, and express things in words that I would think would resonate well with Joe Trader. He can also monetize his letters easily.
 
Quote from RangeBar:

I am all ears to any trading comments.
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Could I give the honor of the first attempt to answer to another person including the OP before I chime in ?

But I would not leave you empty handed particularly given your nice and polite request, so I would give something. My explanation also tell me that I should NOT trade with stop losses in such environment, and also from time to time be ready for the possibility of seeing my head handed to me if I were to trade in non heavy nondiversified media (SPY should not be one of them).
 
Quote from riskfreetrading:

Could I give the honor of the first attempt to answer to another person including the OP before I chime in ?

But I would not leave you empty handed particularly given your nice and polite request, so I would give something. My explanation also tell me that I should NOT trade with stop losses in such environment, and also from time to time be ready for the possibility of seeing my head handed to me if I were to trade in non heavy nondiversified media (SPY should not be one of them).
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Thanks for the advice. I can handle trading without a stop loss when I trade stocks. But my main focus is the ES and ALL of my bad days occurred when I got stubborn and ignored my 'mental' stop loss (as I'm sure you can imagine).
 
Quote from illiquid:

Yeah go for the smaller moves, the smaller the better -- this way even the noise is tradable and you can pretty much have action all day long. Let's also try to give your broker as large a percentage of your gross profits, after all it's only fair, there is no i in team.
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Illiquid: Do you remember Neke's trading approach vs. rule 6?:)
 
Quote from RangeBar:

I can handle trading without a stop loss when I trade stocks. But my main focus is the ES and ALL of my bad days occurred when I got stubborn and ignored my 'mental' stop loss (as I'm sure you can imagine).
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I meant actual stops not mental. Those should always be there. One way I think of rule 6 is that I become a harvester of stops. So if I sell stops dear I should make sure that I do not buy at a higher price.. The risk being that I could be harvesting right before a steamroller... A difficulty here is: how would I know what is noise and what is noise of a steamroller, and from which direction my danger would come from?

I do some of rule 6, but with small size, not large size as stated. To fix the low return, I would repeat. My broker should of course love you for it, but they do not say as I am not an elephant at the present time.
 
Quote from Retief:

Rule #7: If you can't trade for shit, write.
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Haha, seems to work for Joe Ross!

The stuff he writes is usually either regurgitated banalities or just total garbage, his posts in this thread are a classic example....:)

He's a salesman trying to promote and sell this shit, some people are gullible enough to fall for it I guess!
 
Quote from riskfreetrading:

What do you think? Are you rooting for one side or the other?
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I am talking about your comment to Joe Ross, sorry you did not grasp:

I am afraid to state that you DO NOT seem to satisfactorly understand what statistical models are. There are two parts: statistics and the model. You focused on the numbers. You do not understand the model part.
 
Quote from davidmaria1:

#5 is my favorite.
A disclaimer.
What the crap!
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It's all just platitudes, I guess there must be money in selling the patently obvious.....
 
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