Former New York Mercantile Exchange President Goes BROKE

Discussion in 'Chit Chat' started by DrawDown, Aug 13, 2006.

  1. Trades are simulated, and hence so are gains and losses. When you make a live trade you actually change the market. It doesn't have infinite liquidity. Assuming you can scale yourself up to trading a $500,000,000 account with your current strategy, and not suffer any performance hit, is simply delusional. I do have a question, however. Are any of these simulated trades due to back-testing or is this all forward-testing?

    -Raystonn
     
    #11     Sep 7, 2006
  2. "simply delusional," eh?

    You could say that IF the quotes currencies are being traded on were NOT live and real-time.

    But, if it makes you feel good to think the system being traded here openly is 100% fake... fine.

    Oh, one other thing... since "everyone can automatically scale an (simulator) account to $500,000,000..." let's see YOU do it.

    I'm sure you'll come back with something like, "wouldn't waste my time, yada yada yada..." -- no problem.

    Truth is, you can't. That's why you don't. Forward-testing, backward-testing, sideward-testing... whatever-testing.

    That's the final result.

    Thanks for the spam. :)

    Draw
     
    #12     Sep 8, 2006
  3. Player

    Player

    If your so good and this system works so well then why in the hell don't you trade it live..
     
    #13     Sep 8, 2006
  4. Yet another adoring fan! :D

    If you read in the beginning (hint: follow the links on this thead) I stated that this system has components in it that I trade in my "live" accounts.

    No, I'm not going to splay my entire trading system(s) on a PMB (public message board - yes, I had to spell it out after I typed the initials) ... I'm not that desperate for attention.

    This is a lightweight version that contains components I use in my live trades.

    Starting out as a trading contest (it's still open for competition!), I update the trade (around 6 to 9 months left, I think) to show the masses that negotiating the foreign exchange (that there's much interest in lately) can be done successfully. I am proving this openly.

    Thanks for your warm and uplifting comments. :)

    The DrawDown
     
    #14     Sep 9, 2006
  5. .....
     
    #15     Sep 9, 2006
  6. I'm not desperate for any of your attention, either, Nik.

    (,|,) <-- can you get me any of these for tonight?
     
    #16     Sep 9, 2006
  7. Well, the market has lost its wind.

    Switched strategy back.

    Took some profit on those trades opened in last update.

    Back down to $7,146.72 Margin Used.

    Balance is up to $20,309.38. Net = $16,348.81.

    Drawdown = -$3,960.96.

    We'll see which way the wind blows.

    The DrawDown

    <img src=http://elitetrader.com/vb/attachment.php?s=&postid=1198740>
     
    #17     Sep 13, 2006