tampa's "short skirt" trades...

tampa · Sep 17, 2003

Quote from easyrider:

Pruitt, who tests systems for a living, says in all these years hes never found one system based on idicators that worked. He is not talking about daytrading but to me the implications are a warning about relying on them too much.

Thanx for the input, easy. What I am using is not really an indicator. I really don't want to go into the specifics, at least not for now, even though the work is published.

While it hurts to have a three day draw down, my confidence is still not shaken (OK, so just a little, maybe).

dbphoenix · Sep 18, 2003

Quote from tampa:

The Double EMA suggested going long - it was a bad suggestion.

One round turn - minus 7 points.

The system has tested profitable for every month over the last five years. Even though I have now had three losing days in a row, I still believe in it.

How were the drawdowns during your testing?

tampa · Sep 18, 2003

Quote from dbphoenix:

How were the drawdowns during your testing?

Nothing like this, that's for sure.

Maybe it's the unusually narrow ranges of late. I just don't know. But I will be doing some fine tuning over the weekend to see if an improvement can be made.

dbphoenix · Sep 18, 2003

Narrow ranges would create a problem for a variety of strategies, including what I was using. I assume you're looking at both lengths of unbroken strings of trades (how many losing trades can you expect in a row) and the losses per trade. If the number of losing trades is greater than expected, go back to paper trading until you figure out what's wrong.

tampa · Sep 18, 2003

Quote from dbphoenix:

Narrow ranges would create a problem for a variety of strategies, including what I was using. I assume you're looking at both lengths of unbroken strings of trades (how many losing trades can you expect in a row) and the losses per trade. If the number of losing trades is greater than expected, go back to paper trading until you figure out what's wrong.

I do not "believe" in paper trading - it's too easy to do things you would not do in "real life".

I am more inclined to double up during a drawdown

(only kidding - I think)

dbphoenix · Sep 18, 2003

Quote from tampa:

I do not "believe" in paper trading - it's too easy to do things you would not do in "real life".

Depends on how you do it. I PT exactly the way I trade for real, but apparently a lot of people have trouble with that. Maybe a simulator?

tampa · Sep 18, 2003

After a good morning - up 6 1/4 points - a miserable up and down whipsaw afternoon chipped away at my gains and left me down 3/4 of a point on the day - the problem is that it took 21 round turns to do it.

The afternoon saw a serious lack of discipline, and failure to follow the rules...but I only lost 3/4's of a point today (I'm just a wild optimist trying to put a good spin on things)

tampa · Sep 19, 2003

A good start - up 4 3/4 points - turned into an orgy of over trading and foolishness. Lost a total of 29 1/2 ES points by increasing my size, and just being a stupid ass. (44 round turns)

I have a very bad feeling deep within my pathetic gut.

easyrider · Sep 19, 2003

Youre a mess Tampa. I think youre bent on self destruction. Youve been at it long enough to know that theres only one way to succeed at this and that is iron-willed discipline. This is not a variable. It is absolute. It is law. You need to find a less expensive hobby.

candletrader · Sep 19, 2003

Quote from tampa:

A good start - up 4 3/4 points - turned into an orgy of over trading and foolishness. Lost a total of 29 1/2 ES points by increasing my size, and just being a stupid ass. (44 round turns)

I have a very bad feeling deep within my pathetic gut.

Brother tampa,

Is this a live account or are you experimenting with strategies on paper? They are two different ball games...

Candle