Its funny, I'm also 48 and I also don't want to just trade anymore. I think, to me, the intellectual effort is a lot more satisfying then actual making of a buck trading. Looking forward to see this thread unfold. Cheers,
I'm with you. But the last time I wrote a check to my mortgage company to draw on my "Intellectual Effort", the damn thing bounced. Can't figure why.
Acrary, I gather from this thread that your approach is largely statistically based. If this is indeed the case, may I ask what kind of return on equity your methods generate on balance?
From your posts acrary, I know that you do a lot of work w/ breakouts. I was wondering if you ever looked at the general volatility level of a security and how well breakouts work... The work I've done shows a strong correlation.
That "correlation" is almost tautologous. A better question would be persistence of trend _after_ "breakout". nitro
Maybe I didn't phrase this right... Say I'm looking at a stock ABC. It's statistical volatility is in the 80 to 90th percentile (for two years). I look at daily data for this. When the stock breaks out of a narrow range day, the break seems to be followed by a good trend more than often. When daily volatility shrinks, intraday breakouts seem to crap out a lot more. This might seem really basic but it has kept me out trouble. I know which stocks and securities are better for breakouts: the most volatile ones.