Search found 73 matches

by MCT
Thu Oct 07, 2004 9:39 pm
Forum: Market Psychology
Topic: A cyborg Trader? (Half Man, Half Machine)
Replies: 18
Views: 23489

Great thread :) As part of the overall system are entries and exits justifiably quantifiable? Can supposedly objective entry and exit methods take into account unquantifiable variables (complex interacting patterns)? Does an attempt to quantify the taking on, and eventual exit, of risk treat people ...
by MCT
Mon Sep 27, 2004 5:01 pm
Forum: Testing and Simulation
Topic: System performance
Replies: 9
Views: 6769

"good performance" also depends on what YOU want from your system. Couldn't agree with you more ... To me, ultimately, trading means honestly expressing oneself. It is very difficult to do. One can create some really fancy back-tests and optimizations and be blinded by it. But, to experience & expr...
by MCT
Mon Sep 27, 2004 3:17 pm
Forum: Money Management
Topic: Position sizing tight stops on non-leveraged stocks
Replies: 8
Views: 6158

Steve,

I guess, I’ll find out soon enough what options the UK has to offer. I’m moving to London in a few months time.
by MCT
Fri Sep 17, 2004 1:11 pm
Forum: Money Management
Topic: Position sizing tight stops on non-leveraged stocks
Replies: 8
Views: 6158

There are ways for non-U.S. investors to get better leverage than the 2 to 1 limit imposed by the SEC including CFDs and spread-betting but these have other risks and issues. hi c.f. The above is music to my ears. Do you know how much better? And what avenues are you referring to? This SEC imposed ...
by MCT
Thu Sep 16, 2004 4:15 pm
Forum: Money Management
Topic: Optimal f
Replies: 87
Views: 118136

hi Kevin One One of the things I find valuable about the Turtle Roundtable is a pragmatic focus. Sometimes members are known to prompt "what do your results say", which is a way to encourage people to share based on actual findings and experiences. Hi Kevin I realize, very well, the favorite questio...
by MCT
Thu Sep 16, 2004 12:58 pm
Forum: Money Management
Topic: Optimal f
Replies: 87
Views: 118136

You are correct, in that my focus was on stage 1 as you define it. I think the basics are supremely important. If one impregnates a model with certain assumptions that have nothing to do with reality, the real world results would not be very pleasant. If a doctor did the equivalent he could end up k...
by MCT
Thu Sep 16, 2004 3:53 am
Forum: Money Management
Topic: Optimal f
Replies: 87
Views: 118136

MCT wrote: And time, my friend, makes it difficult to determine what’s really optimal. You can't determine what your profit will be, but you can determine what your loss will be. PS Wrote: This is a person dependent issue. Anyone who know what he want can establish goals and can design strategies ...
by MCT
Wed Sep 15, 2004 1:06 pm
Forum: Money Management
Topic: Optimal f
Replies: 87
Views: 118136

The first criterion is to minimize the probability to lose the inital capital (bankroll). The second criterion is to maximize the probability to reach the target profit or sum. Any fixed-fraction betting strategy satisfy to the first criterion (at least theoreticaly). If we will try to maximize the...
by MCT
Thu Sep 09, 2004 9:44 pm
Forum: Forex
Topic: Anyone Trading Oanda?
Replies: 25
Views: 32603

Hi Ghostrader
trading currency futures can be very dangerous, if you must play that game, trade spot and EFP into the future.
Can you please elaborate? What do you mean dangerous?
by MCT
Thu Sep 09, 2004 1:33 am
Forum: Testing and Simulation
Topic: Danger of single market back test result
Replies: 11
Views: 10258

Hi Alex If you are interested in systematic trading, I suggest you study the following link and the pdf turtle manual thoroughly before risking a single cent http://www.tradingblox.com/forum/viewforum.php?f=6 Don't worry about how much money you are going to make, instead worry how it is you make it...
by MCT
Tue Sep 07, 2004 5:14 pm
Forum: Forex
Topic: top forex traders ever in history
Replies: 6
Views: 7722

Hi Darran, Thanks for the additional info .. Hi there, just to clear up, he doesn't own Man Utd, but in partnership with a guy called John Magnier (Head of the Coolmore Stud) holds a major stake (somewhere in the region of 25% to 30% comes to mind). I said, "he just bought Manchester United, the UK ...
by MCT
Tue Sep 07, 2004 12:59 pm
Forum: Forex
Topic: top forex traders ever in history
Replies: 6
Views: 7722

The name JP McManus comes to mind. This guy is not a hedge fund manager or a CTA; he simply manages he's own funds. He just bought Manchester United, the UK soccer team, with a close friend of his. Currencies are his speciality and his bets are bank sized. Estimates of his net worth has ranged anywh...
by MCT
Sat Sep 04, 2004 5:31 am
Forum: Futures Markets
Topic: A swan strikes
Replies: 15
Views: 10631

[quote]Before I began trading systems I pondered whether some kind of discretionary override could improve performance during these periods. For a number of reasons I decided not to override the system at any time unless a drawdown exceeded my predetermined “bailoutâ€
by MCT
Fri Aug 20, 2004 11:33 am
Forum: Trader Psychology
Topic: trading myths.
Replies: 18
Views: 19665

Obviously MM is very important. But it is an area where one can carelessly hypnotise themselves on the mantra and forget what you correctly point out. Position Sizing is the perfect tool to bleed to death slowly. Position Sizing/Money Management does not change the direction of flow, it just regula...
by MCT
Thu Jun 03, 2004 6:13 pm
Forum: Trader Psychology
Topic: Are You Suited to Trend Following
Replies: 42
Views: 54671

Others may quite fairly add granularity to this by suggesting qualifying time frames for profit and by expressing net revenue in terms of other metrics, such as magnitude or volatility of X, Y or Z. Be my guest. In the absence of profit, relativity is meaningless. Without profit you have no numerat...
by MCT
Thu Jun 03, 2004 5:23 pm
Forum: Trader Psychology
Topic: Are You Suited to Trend Following
Replies: 42
Views: 54671

What makes a Trendfollower a Trendfollower?
by MCT
Fri May 07, 2004 10:35 am
Forum: Money Management
Topic: Ryan Jones' Money Management
Replies: 33
Views: 36252

John,

For some discretionary and/or hybrid traders, it would be just what the doctor ordered... I agree, for the systematic trendfollower it equals high risk ...
by MCT
Thu Apr 15, 2004 9:08 am
Forum: Testing and Simulation
Topic: screening programs
Replies: 7
Views: 5283

Nathan

I came across this nifty software years ago. From what I understand the company has gone under. It appears, it just might hold the answer to some of your questions.

http://www.moneymentor.com/sponsors/pinpoint.htm

Cheers
by MCT
Wed Mar 24, 2004 4:36 pm
Forum: Futures Markets
Topic: Trading strategies and discussion
Replies: 13
Views: 9567

Leonardo,
"I would not be afraid to buy any market at new yearly highs with the exit trailing at last month lows."
... interesting & simple. How often do you make such decisions, given your risk controls?
by MCT
Wed Mar 24, 2004 10:23 am
Forum: Futures Markets
Topic: Trading strategies and discussion
Replies: 13
Views: 9567

Leonardo, Your posts are interesting … .. and what’s your thought on timing? Do you believe simple entries and exits suffice? Is a simple breakout reason enough to accept 50-100 or more trades in a given year? No, I’m not a fundamentalist. After a long study of patterns and sentiment, I make b...