Something tells me you have been here for quite some time! No worries. --------------- Kicking it up a notch here after Memorial Day. Went to the gym @5:20am est today and back for currencies by 7am est. Last day for the May 'Volatility Cycle' in Indices/Energies/Currencies & Gold (to a somewhat lesser degree). As I think towards the 1st day (on Thurs 6/1) of summer I remind myself of my summer rules 'on the lake.' a) Always have bail money day or night when summer pussy is in sight. b) Taste the Rainbow; not skittles but skin colors. c) Any activity on a different lake other than the one I live on; it doesn't count--I get a pass. d) Nothing older than 30 yrs old unless a drought of more than 7 calendar days. Peace & Blessings! Archbishop Hedvig Von Dikkeman V
To me it seems that this "volatility May cycle" perception is just a lie that you have told to yourself. The same % gains (losses) were available to you, had you risked the same %, every week since you opened this journal. Or maybe I'm the deluded one. (low odds). You insist with the discussion on the strategical over the nuts and bolts tactical. Both in trading and in pussy. I'm done till you bring out the toolbox. What a time saver.:eek:
Well hell; all anyone had to do was ask! This is a psychology section btw; both for my trading and outside of trading. I like that you are passive aggressive; used on the right girl and you'll create fireworks. The monthly 'volatility cycles' are based on Myles Wilson Walker and Bradley Cowan's work that I have studied for 20+ years (esoteric/planetary and geometric long-term swing cycles). I use a variation of these three methods to daytrade and I favor simplicity over complication. My trade management and psychology are 'additive' when combined with the synergy of my 'positive expectancy' methods. a) www.efuturevision.com I call Rick 9/30 method. Settings Its the slow line from the 7.3.3 stoch and the 21.10.4 stoch from the same time frame. more info can be found at daCharts e-mini index futures chat community and charts where Rick learned this system from buffy. b) Pure price action w/S&R using volume and classic candlestick reversal bars c) 30 minute 'rolling pivot points' ------------------ Do I have to open a room? 'Cause that ain't going to happen. I like trading momentum breakouts confirmed with higher timeframes and 1st pullbacks within a trend confirmed by higher timeframes. Btw...Rick does have an excellent trading room (not a signal calling room per se)--but it is very good from what I hear. Peace hedvig
Sammy, That was funny! For others, perhaps I should have clarified ('cause I care). I met Myles Wilson Walker in New Zealand back in '91 and bought Brad's course in '93. Been deeply fascinated with planetary motion and non-linear geometry and use these concepts in swingtrading for daily/weekly/monthly charts; NOT for daytrading. I don't think I was clear enough; my bad. For daytrading I am using simple simple stuff. If anyone has questions (Sam, you were the 1st person to ask publically in my thread) about what I am doing; please ask. I have no secrets--am not a vendor and I sincerely hope those that are reading are on the path to being better traders with a) positive expectancy method b) proper trading psychology c) outside interests NOT associated with money and/or the markets {at least 2 is usually enough in my humble opinion} Thanks again for your replies and sharp humor. : ) Do you keep a journal or have you introduced yourself to the ET website? peace hedvig
My reputation precedes me...the way lightning precedes thunder...I'm the most interesting man in the world... You may call me Mister Mystery... or Sam for short.
Since your average weekly performance, if true, rivals my best monthly performance...and does so at significantly lower risk... I have to be interested because I want to keep my title of most interesting man in the world. Besides, I enjoy very much reading your deep thoughts on trading and pussy. In other words, you have little or nothing to learn from me...except bad habits. :eek:
I am older; it is a privilege getting older. Older men (including my father) assisted me when I was a young pup. One has to be ready; gunslinging in this business doesn't lend itself to longevity. I have referred to myself as a 'risk specialist' to a friend or two back in the day. Yes; I really trade those performance metrics. It is work. It is methodical and I leave little to chance. Recall, 27+ year full-time trader. ----------- Time to go chase the open of the next 'market'--the flesh market. Happy Hour 4:30-6:30pm est down @the marina bar is glorious in the summer. Fresh supplies shipped in daily. Oh yea; their mom (sometimes) ain't bad either. peace hedvig
Post 34 (a fibo post) is my last post for a while (hopefully a long while, since I feel I got this posting addiction under control now). Not challenging you or doubting your performance (maybe just a bit), here's my last, and obvious question: With those % performance metrics, and after 27 years, what are the impediments that you see for yourself to not be clicking for hundreds (or thousands) of contracts instead of dozens?. Would you say it's mainly psychology blocks, risk aversion, or something else, like your 'fast' method does not scale well into bigger 'size' ?. Thanks for your comments and deep thoughts, and out of respect for my pussy loving elders ( ), I'll keep lurking every friday.
Hola Sammy... Ask any long-term successful daytrader and most will just opine: "Time to go make the donuts." Most traders have a psychological comfort zone--especially in daytrading. I don't want to be an institutional-sized trader nor desire the additional pressure with scaling up to a certain 'size' in order to make an extra ??? per day/week/month. Quietly doing my thing in the background and it's like breathing to me by now (deep breathing). Intraday trading very fast timeframes is a delicate balancing act and after many years 99% of successful traders find their comfort zone and stay in that zone. I work with a few trading and financial partners via swingtrading several different asset classes. That is where the 'size' comes into play. I prefer swingtrading to daytrading by a wide margin. My heritage is German and Scandinavian (thrifty common-sense 'disciplined' stock I come from). I get a deep level of satisfaction from trading and way less than 50% of that comes from the money. The personal autonomy and random moments of clarity within the structure of those markets unfolding each day is fascinating to me (even after 27+ years). Finally, trading is both an art and a science. Pigs get slaughtered; nothing about my innate personality is geared towards daytrading--and this is why being acutely aware of my psychology (right-brained trader here) is tantamount to me. Size ain't everything in daytrading; that being written--I am content within my own 'sweet spot.' In the past I traded larger intraday--was a bit too heavy for me to keep my head wrapped around those numbers. Every trader is unique. peace hedvig