Why does TA not work (for you)?

Your average profit per trade is $2.50? And you had to make 4000 trades to make a measly $10k.

What's your trading stake?

 

You put up the chart, we will make the call.

 

hehe. No need to be mean. I certainly wasn't bragging! I know that most here make 10k in a few hours, but the money wasn't the point of the post.

Stake size is trading 50-100 shares.

I only posted it because surf said he wanted to see at least 1000 trades in a statement.

I work full time - trading is my hobby on the side.

cheers

 

Thank you for posting.

I reviewed your chart by zipping across it. Soon I will critique it.

You are too loose on quickies and you are too tight on Type E's. All I did ws look at failures of quickies (meaning they were named wrongly) and I put them into type E to see if they worked.

I have a complete and thoroughly done chart. for my critique I will point out the reasoning requirements to get focussed.

Welcome to finite math.

For the purpose of learning it would be best for you to learn to log. You do this by following my logging using your log correctly.

notice I suBscripted the tT/F entries so you can see the three parts of the category Test procedure OOE AFTER the EE monitoring and analysis.

Each bar in any bar chart presently avaiable is either an EE or a category in an OOE of continuation. This concept is what allows the full offer of any market to be "taken".

Notice the log COVERS ALL POSSIBILITIES.

You are moving along at about the speed of light to your final operational status.

Notice surf has learned to listen to "calls" for the first time in his life. What could be next? We know the getting past p<0.05.
So far he cannot recognize a record of a call in the past. That is too much to expect.

We call every bar. there are 81 bars a day. we make a multiple of the daily range.

On the 10th chart, you are going to post a five sheet log. You will need 81 rows labelled with the 81 bar #. I suggest you add a column with the end time of each bar so others can follow your work who do not know how to label bar #'s. Get the half hour bar # on ech chart you post from now on.

Surf may post a chart. we will be telling him the bar the trade is on. After he gets that we will teach him price drivers for carving each TURN intrabar.

 

Thank you, sister. Nice trading-- I was watching CL today, it did really break to the upside.

 

Thanks jester. I take it your a book based scalper?

Nice trading, by the way. The Vig must be brutal- at that frequency.

surf

 

Nah, academics would call us noise traders also

VN is a close associate of mine and I'm proud to call him a friend. Despite the blow ups, I'll put his overall record against anyone on this board. I'll bet very few don't get crushed by an order of magnitude. Does he have trading flaws/ issues -- sure, we all do. But overall, the guy remains one of the top speculators of all time.

surf

 

The greats don't blow-up, ever - they only have drawdowns and eventually retire while on top.

 

Fine, do you have a particular time frame?

 

Sorry...but one who blows up twice doing the same exact thing will not go down in history as one of the greatest speculators of all time. Sure every great trader has drawdowns......but complete blow ups....TWICE......absolutely not.

He's a beyond intelligent guy, but a horrible trader.