When Indicators Don't Lag

dbphoenix · Mar 31, 2015

Audited tax returns.

fortydraws · Mar 31, 2015

dbphoenix said:
Audited tax returns.

You mean like the ones Buy1Sell2 and every other troll has has provided?

i am nobody · Mar 31, 2015

Buy1Sell2 said:
Imagine the opposite argument from what I contend. It sounds like this:
---"Money management is not important to successful trading. There is no need to place emphasis on how much you can lose on a trade." ---
Sound like a good plan?

Again you prove to think black/white. Very narrow vision. In live amost everything is between black and white, so scales of grey.
First you should have a good tradingplan. If that plan is good you will be mostly in profitable positions. If not you should first improve your trading plan.
But you also need a capital management plan. Just in case your system is not working well by accident.
My capital management plan is very simple: I use in ES a 3 points stop.
Last 2 weeks i did 19 trades. 17 profitable and 2 losses (stopped out at 3 points+ slippage). After each stoploss the next trade made more than 3 points profit and erased quickly my losses. My total losses were about 7 points in total (due to partial fills at different prices). Tradingplan is for me more important than capital management. The bigger the importance of the capital management plan in the whole, the more it proves your are gambling because your tradingplan is not working as it should.

dbphoenix · Mar 31, 2015

fortydraws said:
You mean like the ones Buy1Sell2 and every other troll has has provided?

Yeah. Those.

romik · Mar 31, 2015

i am nobody said:
I daytrade on mathematical models.

Put a 100% trade on please without having to reveal your reasoning for a trade and I will applaude you, than again you could be just lucky. Oh hold on, I can post a 100% call too, buy ES without a stop and hold it without a stop. Too much talk and no action. Words are cheap.

dbphoenix · Mar 31, 2015

i am nobody said:
The bigger the importance of the capital management plan in the whole, the more it proves your are gambling because your tradingplan is not working as it should.

!

Brianharvey · Mar 31, 2015

i am nobody said:
My capital management plan is very simple: I use in ES a 3 points stop.
Last 2 weeks i did 19 trades. 17 profitable and 2 losses (stopped out at 3 points+ slippage). .

Sounds like mathematical models are where the money is at. Nice trading. Well done!

i am nobody · Mar 31, 2015

romik said:
Put a 100% trade on please without having to reveal your reasoning for a trade and I will applaude you, than again you could be just lucky. Oh hold on, I can post a 100% call too, buy ES without a stop and hold it without a stop. Too much talk and no action. Words are cheap.

I did this in past on ET under another name. Now I am not that stupid anymore. Even before I posted the first realtime call bashers were already arguing it was fake.
1 trade does not prove anything.
All I do now is explain with arguments the vision of the logic that I follow. I don't care what people believe or not. I even don't speak anymore about my performance, just give sometimes a little insight because I need that information to explain my point.

Buy1Sell2 · Mar 31, 2015

i am nobody said:
Tradingplan is for me more important than capital management. The bigger the importance of the capital management plan in the whole, the more it proves your are gambling because your tradingplan is not working as it should.

Ian, I was only slightly off in my prediction of what would be the opposite argument.

i am nobody · Mar 31, 2015

Brianharvey said:
Sounds like mathematical models are where the money is at. Nice trading. Well done!

It was a hard and very long road for me. Ten housands of hours of trial and error. Trading is NOT simple. Lost money many years in a row before I could make some money. But I am always stubborn, could not give up.