oildaytrader
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Everytime I catch a glimpse of ODT's post when someone quotes them, I am reminded why I have him on ignore.
Curiosity kills the cat o deign
Everytime I catch a glimpse of ODT's post when someone quotes them, I am reminded why I have him on ignore.
chit...I just spit out my soda all over the place. WTF?, amateurs. I'm laughing so hard i'm pyssing myself and in tears...
That line should be in the Joke of the Day thread.
Peter
re: Drawdowns - tell me about it
re: Golf - never read it but apparently a book called "golf is not a game of perfect" is very good for sports/trading psychology
P.S. maybe I should read between the lines lol
Important lesson for you son.
If you trade 250 times a day, the market will hit you 70 times in day, but you will still make profits 180 times a day.There is no way a market can hit you 250 times a day unless you are Gecko.
Wowzers. I just finished reading "Your 15th club" by Bob Rotella, who also wrote the book you mention. It's a good read, definitely many areas of crossover between golf and trading as far as the mind goes.
ODT, can I give you some valuable advice, PLEASE just read this next bit
Trading is not ONLY about win rate (even though you think it is). It is about expectancy.
Bragging about your win rate is a bit like telling people how big your n-b is, even though you're still a v-rgin. Get it?
He also has a thread somewhere about doubling up after each loss like a martingale system, where he ends up trying to trade 60x his original lot size just to make a few pennies. Makes no sense.
Peter
You misunderstood, it was maximum 5x using 10 sequences.Starting 1 lot on 50 k account with 0.4 % risked ,and ending up with a maximum of 5 lots or 2 % risk.That is sounder than your own risk management.
Your childish and nonsensical ramblings might carry more weight if you were actually trading real money, little boy.
Just cause I tested a demo and showed you a demo tests, you have to assume I don''t trade real accounts.
I actually have 4 live accounts and am opening a fifth one.I soon will stop posting on message boards ,wll be far too busy earning earning serious dough to spend valuable energy posting.
I'm afraid the fact that you think drawdown is "amateurish" is proof that you've never traded real money.
By your logic, this means the fact that you've been posting quite heavily since you joined t2w means that you weren't busy earning serious dough - in other words, you weren't trading real accounts.
You misunderstood, it was maximum 5x using 10 sequences.Starting 1 lot on 50 k account with 0.4 % risked ,and ending up with a maximum of 5 lots or 2 % risk.That is sounder than your own risk management.
Re: Betting sequence for intra day trading
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On your 10th trade you are risking 60x your original trade amount in the series. HOLY COW, that is no way to trade, bet, or gamble. There are no guarantees, don't fool yourself.
Peter
Wow, another stupid fight caused by oildaytrader, who would have thunk it![]()
No I wasn't making serious money because I was developing automated systems and trying to trade manually with small amounts.I thought what worked on my automated systems would working manual trading in these market conditions.I had a little difficulty finding time frame and indicators and style of day trading to suit my personality.It was not working.
I suspect the reason your automated systems didn't work is because your data ran from 2003-2008 only. As such, the market conditions you tested were low volatility, and then you attempted to apply your systems in a high volatility environment.
I have blown a few 4 ,5 and 6 figure live accounts in the past 10 years.