Tight Stops

Discussion in 'Strategy Building' started by WaveTrader2004, Nov 13, 2004.

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  1. Why would I deny something that I've actually said? That makes no sense. Also, doesn't above paragraph make sense?

    The other claims, such as Dado's "$4K for ES overnight" and the like, are false claims. And as you saw, Dado never delivered the evidence (obviously). Why did Dado lie about me? Just hate?

    You better believe I do a search on things if I'm ever not quite sure about something I've supposedly said. I certainly don't fudge there. I try make sure that what I say is accurate. If I accuse you of lying, you better believe it's substantiated.
     
    #361     Nov 18, 2004
  2. This is on ongoing concern for your Forum. Please note there is a possibility of "The Character of Scientist" might be using ET as a venue to peddle his mentorship program to the select few. The PM system within your Forum could be used for commercial purposes in the "first contacts" that are made.

    I encourage the ET members reading this to please complain to the moderator, if they want to keep ET clean from peddlers.

    I for one, think its time we all pull together to keep our community clean from these folks that apparantly and openly violate the rules here at ET.

    Now, Scientist will reply, where have I openly solicated mentorships? I think we all know the "spin" about to follow.

    Michael B.

    P.S. This little technicality, is just the tip of the iceberg. Moderators, My PM memory is yours...just scan it...You can read the PM's for yourself and as you know you do not need my permission as you are the owner.
     
    #362     Nov 18, 2004
  3. This is just like a flaming war that has turned into a conspiracy theory, and I have no idea what's going on.

    I am not aware of having solicited anybody to anything, and while I'm wondering what kind of "evidence" you have, I really doubt there is any, because, for the record (and for the moderators etc):

    I'M NOT TAKING ANYBODY FOR MENTORSHIPS OR ANYTHING ELSE, WHICH I HAVE CLEARLY STATED and

    I'M NOT SELLING ANYTHING.

    I'M NOT SOLICITING MYSELF OR ANYTHING.


    I hope this stands clear for the record, and for those that think that I'm selling or soliciting anything. Thus far, I have no site, no vending business, no sales etc, nothing. It is such an irony, why ME for this? How about the starter of this thread? He signed up under the name of his software, and hyped himself here. Surely that is solicitation, too?

    Oh, and finally:

    IF I WAS EVER TO SOLICIT MYSELF HERE FOR ANYTHING, INCLUDING BUT NOT LIMITED TO MENTORSHIPS ETC, I WILL TAKE THE PROPER, LOGICAL AND EFFECTIVE WAY, BY DOING PAID ADVERTISING HERE.

    Not only is paid advertising actually moral, but it is more credible, and more effective. If I had anything of interest to sell, that's what I'd do, obviously. I've never shyed advertising costs. It's just that I don't have anything to sell. Phew...

    Thank your for understanding.
    S
     
    #363     Nov 18, 2004
  4. There is nothing to complain about. I suggest ElectricSavant and Dado Wallener drop their personal vendetta against Scientist.
     
    #364     Nov 18, 2004
  5. baron has booted others for soliciting, it is a mystery why scientist/bryce is allowed to keep doing it. unless there is some kind of quid pro quo going on that only they know about...
     
    #365     Nov 18, 2004
  6. there is no vendetta. what i suggest is you find your missing backbone and post under your more familiar alias.

    what are trying to hide from, anyway?
     
    #366     Nov 18, 2004
  7. Even a hint of solicitation, should be a concern. If I were a sponsor here, my question would be, why must I pay?

    I personally have had PM's and have encouraged them to please post publicly as it would be a better use of time as the one-on-one is just not possible for me.

    Actually, there is a PM in my box to prove it...But the moderator can read and determine who is telling the truth...

    Folks for me this is not a personal vendetta and as I said earlier, I do not hate Scientist.

    If he would only behave himself and stop blasting folks with his arrogance. The guests here who lurk should be encouraged to participate and grow in a helpful environment, not a site filled with ego maniacs, brokers and traders that think they walk on water...

    Michael B.

    P.S. Can we please discuss trading now? Tight stops was the topic, not the interruption that our Aussie friend presented in the form of a challenge or acceptance to a challenge. This is not what ET should be about, but I am just a guest and this is just an opinion from a small voice in the wilderness...
     
    #367     Nov 18, 2004
  8. Michael, it does come across like a personal vendetta. Incidentally, I have gone through my PM archives just then, and searches for various terms that might be related to solicitation. I didn't find any.

    What I did find, however, was a PM sent a long time ago to YOU, asking to resolve our conflicts, asking for a break from all the hate-action, and asking for peace, for me to not attack you anymore, and mutually. You ignored it. You totally blasted it, you weren't interested. You were never interested. You've literally made it your mission to consistently denunciate me, spread lies about me, flame me and bash me. You think that's nice?

    And worse even, you go all out of yourself if I actually reply to you in same kind. What am I supposed to do? Say: "Yes master, you are my superior, you are always right"? Remember, you consistently claim to be "superior" to me since you're "older than me". You know what, you are totally off-track there. This is an inernet forum, where neither do you know my age, nor do I know yours. You could be a 13-year old, and I could be 67. How would you know? What if I just pretend to me young? What if you just pretend to be old? The point is, it doesn't matter, and I think your consistent "demand for respect" for your age specifically etc is misplaced. I can't see you, so I respect you according to what you say, not how old you look. You have not done anything to gain my respect. Many people here have my respect, I would never even dare insult them. Speak Cutten, Girlpower, riskarb, acrary etc. I don't care how old they are, but they have my fullest respect. They are amazing people with amazing minds.

    You have never done anything to gain my respect, but you just take it for granted that you get it for free. In case you haven't heard this before, respect is not given, it is earnt. If you decide to behave civil towards me and change your attitude, then I will perhaps get to respect you, and mutually, I will lighten up towards you, and not engage in this shit. I will also not be arrogant towards you etc. I always give people a chance. Do you? I have requested peace with you long ago, but you reject it. You indulge in this. Go on admit it, this truly fulfils you. Otherwise, you wouldn't be here posting about all this. This is not about personal criticism, but an attempt of diplomatic resolve.

    My request for a peaceful coexistence actually still stands as it has over a year ago, and I apologize for any emotional, personal or ego damage I may have caused you and your "allies" in this flame war. I do not feel like I need any of this, and I hope this can be the end of it. If not, then you know who it is up to. Me, I'm happy to settle and forget about this shit, and move on in my own life. I have a job to do here, and the involvement in these discussions is starting to get emotional, which affects my job. As such, I have to choose to discontinue this type of conversation, one way or another. If we can come to terms in the process, then all the better.

    Sincerest Regards and Apologies,
    S
     
    #368     Nov 18, 2004
  9. Cutten

    Cutten

    The biggest individual trader in the German Bund futures market uses small stops and small profit targets - about 3-5 ticks. Clearly small stops do not prohibit very high profitability. Personally I've used small stops in intraday trading for my entire trading career, and it doesn't seem to have stopped me from making good profits. In fact, the times I've used much wider stops have generally been when I have suffered my worst losses.

    You can trade profitably with small stops as long as you enter at places where your trade expectation is positive. A small stop means you are more likely to be stopped out by market noise, but equally it means you lose less when you do get stopped out. As long as the reduced loss has a greater impact than the reduced win rate, then the smaller stop makes sense. You are assuming that a small stop must lie within the range of normal market noise - this is an incorrect assumption, as sometimes you can place a small stop that lies outside the range of normal market noise. Obviously there is a limit - 1 tick is too small. But there are places where even a mere 3 or 4 ticks is far enough away that noise alone is unlikely to stop you out. In such cases, you still have enough time for your edge to come into play. Furthermore, using a 10 tick stop would stop you going for small winners of the magnitude of 3-6 ticks, unless you had a very high win rate. Someone using a smaller stop can take these trades, whereas you can't. This means they will make more money than you, other things being equal.
     
    #369     Nov 18, 2004
  10. Cutten,

    I agree.
     
    #370     Nov 18, 2004
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