Let's Trade III, by Sicktrader

Discussion in 'Journals' started by sicktraderII, Jul 29, 2009.

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  1. will be in long at 10:15 if 985.0 or higher, doubt it though.
     
    #291     Jul 31, 2009
  2. ES appears move violent than YM. I trade the YM, and the lower volatility would have made it a little tighter to get in and out today while watching the forum but in any case great calls.

    Keep up the great work sick!!!
     
    #292     Jul 31, 2009
  3. no trade.
     
    #293     Jul 31, 2009
  4. [​IMG]
     
    #294     Jul 31, 2009
  5. trendo

    trendo

    When you have a loser, I guess you'll have to think of a word that rhymes with "loser." How about, "Loser, loser, that was a bruiser."
     
    #295     Jul 31, 2009
  6. [​IMG] [​IMG] [​IMG]
     
    #296     Jul 31, 2009
  7. Sick.

    Is the time a factor when you enter a trade?
     
    #297     Jul 31, 2009
  8. will be in long if 986.75 or higher at 10:30
     
    #298     Jul 31, 2009
  9. no trade.
     
    #299     Jul 31, 2009
  10. There have been 3 or 4 threads. If you have rules, rather than burying them in lengthy paragraphs, you should consider putting them in bold [ b ] [ / b ] (take out spaces).

    Further, FWIW, the complaint is not against whether sicko has an "edge." If sicko has an edge, wonderful. I will be the first one to toot the horn. But as someone said earlier, pure money management is not an edge and will not turn a breakeven or losing system into a winner. Breakout or momentum systems can look really useful, but they are not necessarily really an edge longterm. Huge numbers of people use breakout or momentum. They tend to get their clocks cleaned in a sideways market. Well-known momentum vendors include millennium-traders (which report "MFE" or "max intra-trade profit as a track record, which is of course, extremely misleading).

    So far, this still represents paper trades, as this was supposed to be video entries/exits and broker, real-money proof.

    The complaint is ONLY against commercializing this on ET and using insane money management.

    Loading up on dozens of contracts with small amounts may be fine, until the news story breaks that "Israel just attacked Iran." or even a wrong story such as "Al Qadea sets off dirty bomb" or "dollar collapses on son-sale of treasuries" or 100 other scenarios. Then this approach can put do a whole "fast market" and put the clever overlevreaged trader into bankruptcy. After 9/11, exchanges closed and people had to wait to get out, and of course, bad things happened to price. And if memory serves, I believe you cannot get trading debts canceled in bankruptcy.
     
    #300     Jul 31, 2009
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