Ftse beater
"We regret to inform you, but you have been given 5 points for Disrespect towards other Members. The post for which you were warned is located at:
http://www.trade2win.co.uk/boards/s...st&postid=70634
The comment left was: Saying Skimbleshanks is immature.
Please respect all members
The warning will expire on 2004-02-09."
If you read carefully FB I said Skim was BEING immature in which is plain for all to see. I wasn't saying skim is mature !
Jane
"We regret to inform you, but you have been given 5 points for Disrespect towards other Members. The post for which you were warned is located at:
http://www.trade2win.co.uk/boards/s...st&postid=70634
The comment left was: Saying Skimbleshanks is immature.
Please respect all members
The warning will expire on 2004-02-09."
If you read carefully FB I said Skim was BEING immature in which is plain for all to see. I wasn't saying skim is mature !
Jane
Yes I agree but people will see these things for themselves anyway.
I think that it would be a good idea if a separate board was created for people to post their trades if they wanted to test a new system or if anyone fancies taking the stage. I'd be very happy to post my trades there. The fact that not many people do post trades here is a bit disconcerting. We may be quick to criticise but if we can't show better ourselves then should we really be slaying those that try.
Jane
I think that it would be a good idea if a separate board was created for people to post their trades if they wanted to test a new system or if anyone fancies taking the stage. I'd be very happy to post my trades there. The fact that not many people do post trades here is a bit disconcerting. We may be quick to criticise but if we can't show better ourselves then should we really be slaying those that try.
Jane
Pied piper, you've obviously not read this thread properly!
Draw down is part of any system, as I said before place a 100 point stop if you must "Its the traders choice"
As for my other trades they are all doing perfectly well as I speak, as Ive said many times before "Draw-backs happen"
I'm through with this thread now, thanks 2 all who supported me!
I'm still gonna be posting on T2W but just not here.
Bye 2 u all
SMK
Draw down is part of any system, as I said before place a 100 point stop if you must "Its the traders choice"
As for my other trades they are all doing perfectly well as I speak, as Ive said many times before "Draw-backs happen"
I'm through with this thread now, thanks 2 all who supported me!
I'm still gonna be posting on T2W but just not here.
Bye 2 u all
SMK
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Dax Beater
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Excelent idea Jane! That would sort the men from the boys! lol
Two Bars said:
As far as i can remember the last dow trade was sell 10448
friday close was 10458 ,where's down 1400 come from ,i feel many people here are not trading at all but just out to have a go at certain individuals,i can't see what the problem is ,i like following mugs trades and i'm sure many others do ,obviously there are many people that have a problem with mug including skim ,but no need to get stropy just because your having a bad day .
Mr Chill, as MCGF has already said its a shame for the truth to get in the way of a good story.
Muggsy's site posted a SELL on the Dow on 31 December at 10448. On 8 January the Dow closed at 10592. At £10 a point this is £1440 down. But within a couple of hours the massively losing Dow trade was pulled from his website with the announcement that only the DAX would now be traded. A LOSS of £1440 doesnt look good. So was it declared void, or shall we get in Inspector Cluseau to investigate its mysterious disappearance?
At the same time he had a FTSE SELL at 4470 on 31 December. On 6 January the FTSE high was 4522 giving an additional LOSS of £520. No wonder the trades were pulled.
Muggsy's winners are always quoted at £10 a point, but I expect he'll tell us his losers were only 50p a point.
Anyone who points out the truth on this thread is slagged off big time by Mr Chill and jslee. The facts are on this thread for everyone to see for themselves.
Muggsy's site posted a SELL on the Dow on 31 December at 10448. On 8 January the Dow closed at 10592. At £10 a point this is £1440 down. But within a couple of hours the massively losing Dow trade was pulled from his website with the announcement that only the DAX would now be traded. A LOSS of £1440 doesnt look good. So was it declared void, or shall we get in Inspector Cluseau to investigate its mysterious disappearance?
At the same time he had a FTSE SELL at 4470 on 31 December. On 6 January the FTSE high was 4522 giving an additional LOSS of £520. No wonder the trades were pulled.
Muggsy's winners are always quoted at £10 a point, but I expect he'll tell us his losers were only 50p a point.
Anyone who points out the truth on this thread is slagged off big time by Mr Chill and jslee. The facts are on this thread for everyone to see for themselves.
Mr. Charts
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LOL ;-))
golddigger
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Two Bars - Why have you assumed Mugsy would have closed his trades on the dates you have given?
The last update I received 8/1 was for both trades to continue so the figures you give are irrelevant.
The latest closing prices for the FTSE 4466 and DOW 10459 - not so bad a picture if you used these figures.
The last update I received 8/1 was for both trades to continue so the figures you give are irrelevant.
The latest closing prices for the FTSE 4466 and DOW 10459 - not so bad a picture if you used these figures.
Golddigger, a drawdown of nearly £2000 on a £10000 account is 20 percent. Are you suggesting this is irrelevant? I believe its very important and am surprised by how many will overlook facts such as drawdown. Money managment is more important than entry and exits.
Trader333
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The Importance of Drawdown
Attached is the trading summary, (which I have posted before so apologies to those who have already seen it), of a simple trading system that I developed and backtested on the FTSE. The trades started in 1984 through to 2001 and turned a $10,000 account into $2.8 Million and this accounts for $80 of slippage and commission per trade but was designed for use with a brokerage and not a SB company.
But look at the drawdown, at its worst point it was $609K so is untradeable from that standpoint alone. In any trading method drawdown just cannot be ignored and in developing trading methods similar to this, (which is what this thread is all about), it is this aspect that takes most of the effort in refining the trading strategy. If it is ignored then you can be assured the trading method or system no matter how profitable is virtually worthless and would not be tradeable over the long term.
Paul
Attached is the trading summary, (which I have posted before so apologies to those who have already seen it), of a simple trading system that I developed and backtested on the FTSE. The trades started in 1984 through to 2001 and turned a $10,000 account into $2.8 Million and this accounts for $80 of slippage and commission per trade but was designed for use with a brokerage and not a SB company.
But look at the drawdown, at its worst point it was $609K so is untradeable from that standpoint alone. In any trading method drawdown just cannot be ignored and in developing trading methods similar to this, (which is what this thread is all about), it is this aspect that takes most of the effort in refining the trading strategy. If it is ignored then you can be assured the trading method or system no matter how profitable is virtually worthless and would not be tradeable over the long term.
Paul
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