why can't I follow my system?

Hi Guys,

Good thought provoking comments by all, thank you.

Trader666, I have been having trouble creating a MCS excel spreadsheet that would help me to strengthen my MM techniques. I have run Monte Carlo sims in the past, w/ excel, that varies the win% over a certain range so that I can see what kind of variations in win% will still leave me a postive expectancy system w/ my current win/loss #'s.

Do you have any suggestions for setting up an MCS for MM optimization?
 
Quote from ymtrader:

Hi Guys,

Thx for the quick feedback...

I only fail to take trades, I never fail to take my stop b/c once I take a trade, my system immediately calculates and creates the OCO profit target/stop loss trades.

Sometimes when I look at my W/L ratio, I too think I may be gambling, but when I look at the probabilities and statistics that back up my system, I believe it is sound. I just get to hung up on looking at my balance everyday as opposed to being a disciplined trader who is happy that he followed his system.

I'll check out the site you guys mentioned.

Oh, one other thing, I have looked at having a firm trade this thing for me, it's just that their commissions are so damned high. I currently trade through tradestation and their rates are pretty low. Does anyone know of a good firm w/ low rates that would trade this for me?

Thanks everyone!
ymtrader
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First thing you must do is evaluate your identity. If I introduced myself to you at a Trader workshop would you reply"I am system 22(fake name of your system) and my name is ymtrader".

No you would not! You are not your system. The only thing that sounds destructive is your attachment to this static system.

Can you reduce your size to an acceptable emotional level?

What is stopping you from developing several intraday systems that have small drawdowns?

A system is only a tool. If a carpenter breaks his hammer what does he do? Does he give up being a carpenter? NO
He finds another hammer to do the job!

Remember the system is only a tool you are the skilled carpenter!!
 
Thx Tonkadad....

I have, of course, heard of all these books before. But I have never read any of them.

I never read any of the trading books b/c I wanted to devlop my system my own way, but now that I have done that, I see the value in investing time reading some of the psychological trading books out there, especially after reading that thread. Thanks for pointing me to it.
 
Quote from rallymode:

Not here to argue with you, was just giving the OP my opinion as he seems to be having a tough time following his system. As far as i am concerned it is a small "edge" if an edge even exists.

Perhaps you can give him a suggestion instead of questioning my opinion.

Good trading.
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Excuse me but I did give him a suggestion and a useful one at that.

Perhaps you can pull the plug on your computer if you don't want your opinions questioned.
 
http://www.hquotes.com/tradehard/simulator.html


Quote from ymtrader:

Hi Guys,

Good thought provoking comments by all, thank you.

Trader666, I have been having trouble creating a MCS excel spreadsheet that would help me to strengthen my MM techniques. I have run Monte Carlo sims in the past, w/ excel, that varies the win% over a certain range so that I can see what kind of variations in win% will still leave me a postive expectancy system w/ my current win/loss #'s.

Do you have any suggestions for setting up an MCS for MM optimization?
More...
 
Quote from ymtrader:


Statisitcs:
~82% profitable trades
average win ~$2000
average loss ~$4800
max drawdown ~25%
More...

Re: why can't I follow my system?

imo, subconsciously you've done indeed a very good job effectively - not to follow the (losing) system. :D
 
Quote from Trader666:



Perhaps you can pull the plug on your computer if you don't want your opinions questioned.
More...

...if i did that where would i get my entertainment from people like you?:D

OP sorry for the offtopic chatter.
 
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