Atticus became Drownpruf. Drownpruf became Convexx. Convexx got banned for getting into a cyberfeud with one of the p&r trolls.
We come from similar background. I worked with Larry Connors when we were doing all the testing that led to "the machine". Then Niederhoffer pushes the testing thing. I agree with you mostly-- but the djia will be at 15k sooner than u think! surf
There is absolutely nothing wrong trading microlots in FX. If you are consistently profitable for three months, up your size according to your new account size. So say you have $100. Trade .01. Yes, that is zero point zero one lots. Say you grow your account to $150 after three months. Trade .02. So every $50 to $100 you make, increase your size by .01. If on the other hand you blow out your account, you are not allowed to trade for another six months, not even with the greatest system in the Universe. That will keep you from going broke, since losing $100 a week/month means you have nothing but a coin toss at best. It is like those people that go to Jewel/Osco and buy lottery tickets. This is a great way to learn cheaply until you actually have something. And if you don't have anything, unless you are a lunatic, eventually wisdom will set in that the approach you are taking is not working, and hopefully the pain to learn the lesson will have been inexpensive. 90 out of 100 retail traders lose. On the other hand, persistence can pay off as long as it doesn't cost you too much to get there, monetarily, psychologically, the list goes on of the injuries that losing and dedication to this pursuit can have on your life...
Too bad. He was a pretty funny dude. His options threads though seemed to be very popular. Certainly seemed to know his stuff.
I worked for the guy about 10 years ago. About halfway through my trading career. Was a very good learning experience....in many ways. And he was a big fan of VN's work, but he was turned off by the whole ego thing (especially in VN's book). Hey...I hope you are right from a trading standpoint. If the dow hit 15,000 soon the vix would go up to very high levels and make for great trading in the indexes. I just don't see it. Maybe if the Fed starts raising rates a bit more aggressively than most think it will get things going.
Thanks. Do you recommend that? I have a strategy I'm really confident that will work (backtested many pairs, across a period of time, with data collected each week and every setup). When you say great way to learn cheaply what do you mean? Psychology?