Well I am signing out for a few days. My brain is tired and I have other things to do. Just review my last week or two and SIM the heck out of the concepts. You might be surprised! Remember in all things and at all times CONTEXT...CONTEXT...CONTEXT. Be back when my brain works again. God willing.
Thanks and enjoy your Brain Renewal Rest -- This also allows a Contra Movement to #1252 -- recommending dipping into Live trading even if it is in the Micros. (Without putting one's toe into the safe shallow water -- there is a danger of becoming a SIM addict. Context, Context, Context.) BTW: this is not a Recommendation of the author of Post #1252 !
My new strategy at collective2: https://collective2.com/details/136542922 For past 3 days trading, made a total 52 points, average 17 points per day.
": I've always thought traders should have a healthy fear of the markets." Again, this is a perfectly logical and reasonable assumption. But when it comes to trading, your fears will act against you in such a way that you will cause the very thing you are afraid of to actually happen. If you're afraid of being wrong, your fear will act upon your perception of market information in a way that will cause you to do something that ends up making you wrong. When you are fearful, no other possibilities exist. You can't perceive other possibilities or act on them properly, even if you did manage to perceive them, because fear is immobilizing. Physically, it causes us to freeze or run. Mentally, it causes us to narrow our focus of attention to the object of our fear. This means that thoughts about other possibilities, as well as other available information from the market, get blocked. You won't think about all the rational things you've learned about the market until you are no longer afraid and the event is over. Then you will think to yourself, "I knew that. Why didn't I think of it then?" or, "Why couldn't I act on it then?" It's extremely difficult to perceive that the source of these problems is our own inappropriate attitudes. That's what makes fear so insidious. Many of the thinking patterns that adversely affect our trading are a function of the natural ways in which we were brought up to think and see the world. These thinking patterns are so deeply ingrained that it rarely occurs to us that the source of our trading difficulties is internal, derived from our state of mind. Indeed, it seems much more natural to see the source of a problem as external, in the market, because it feels like the market is causing our pain, frustration, and dissatisfaction." ("Context, Context,Context")
Oy, the FEDEX thing, I forgot about that, lol! As for post #1252 and this line..."Anyway, I suppose he has a right to warn folks..." That was my gist. It can be a dangerous strategy/method for folks with small accounts (under $100K). Your disclaimer is prudent. As for me not grabbing the good profits when the market hands them to me? Well, that is a daily struggle for me, yes. Often my targets are too high for the PA the market is showing, but I am the eternal optimist. That is why I have adjusted to a buy, hold, roll strat, rather than scale up/down the intraday moves. It is simply less work. Same amount of mental stress though, I reckon' I am not a troll in the classical sense of the word. I think it was MACD who pointed out my post count being 20K+; That does not indicate a troll, that just indicates someone who spends a lot of time reading and responding to threads. I am not against ANY scaling in, Volpri. If you read through my journal, you will see I do it on occasion, including the two latest trades I am in (to be updated in the journal when the trades are closed). But damn, it seems to me that you scale in very deep sometimes, and that is scary for peeps with small accounts I would figure. This latest stream of posts by me was not meant to discourage people from following your work, but to remind them that caution must always be used with any radical strategy. And your strategy could be considered "radical", because from what we can glean there is no hedging. I'm with you man. It's almost like a bull-in-china-shop approach, which I can appreciate.
Not sure what that means. Need more paragraph structure in the post or ?? -- But @ondafringe thanks for the post... I am sure @volpri can answer any questions you may address to him. Thanks again.
It probably means something that looks like this would be easier to read if it was split into multiple paragraphs. http://depts.washington.edu/pswrite/parafunct.html