Why did you change you handle? What was your handle? I used to be bhardy but decided I didn't want my name all over ET after I was attacked by Atticus over a choice to collect Employment Insurance while trading last spring. He was right. I got myself working and now I'm trading again.
and that my friend is why I no longer trade ES exclusively nobody is that good I just got lucky I'm too old to bet that lightning will strike twice in the same place you can set up a nice little business spreading buy, sell, trade
I don't know, the only ones I remember from the old days were bone (who was a bond trader) and nitro (who was a scalper.)
Spreading is a strategy that depends on you having a lot of capital. I'm not in that position right now. Spreading in your case is quite simply diversification. However, if you over diversify you reduce yourself to a zero sum game, in fact a negative sum game after accounting for the spread and comissions.
My point is simply this: are you really providing yourself with a grand benefit, or in the long run are you in exactly the same position as me? You reduce your rate of loss, but you also kill your rate of growth. What's the difference between me risking $1000 100 times and you risking $100,000 distributed through multiple simultaneous trades, multiple times a month? If we aren't chosing the right direction, we both stand to lose $100,000.
so please explain it to me this last position that just about made me want to quit trading and go raise chickens was aud.usd long eur.usd.short gbp.usd short usd.cad.cad there was a lot of adding and some subtracting on each individual pair until I finally got lucky on some long aud.usd and that position created the cross short eur.aud short eur.cad short gbp.aud short gbp.cad and everyday I had those crosses on my screen, just looking for red now I want to to go aud.cad long eur.cad short gbp.cad short usd.cad.long that creates for me the cross short eur.aud short eur.usd short gbp.aud short gbp.usd the difference is for me I'm trying to buy and sell on extremes at limits, and just throwing the towel in and adding on stops. it's all just position size the whole idea is to never let your largest loser also be your largest position (and it can happen before you know it.)
Old time, I can't wrap my head around that mess right now. Instead I'm enjoying a nice performance of Mozart's requiem, awaiting my next delivery and relieved that I have a very simple system that is making a little extra money for me. I don't want to be pumped up on alcohol and dope stressing about my trading. Sorry. Keep it simple, stupid.
mozarts requiem on a sunday morning? how bout a little telemann save the heavy stuff for when you need it
the difference is, if I put on the cad spread, initially I am only 25% long usd if I put on the cross I am 50% long usd