Traders' Roundtable

I seem to recall Bill Eckhardt mentioned in New Market Wizards that he thought he could do better with his discretionary so he set up 2 accounts and traded one mechanically and the other with his discretion. What he found was that his mechanical actually outperformed his discretionary to his surpri...

I was kidding

RedRock, you talk a lot about working at McDonalds, do you have any affiliation with it?

ok then maybe someone else will share

AFJ Garner, could you share some of your own experience? For instance: what is usually the drawdown when customers start calling and crying?

LeapFrog, did you ever deal with money raising? from what I understood from others guys here its not a pleasant thing to do

droskill, usually before important meetings the previous day's range will be very small, traders dont want to take big bets so theres not much activity going on, take a look

Forum Mgmnt, did Rich teach turtles about managing risk during reports that come out, for instance WSDE that comes out once a month or some other report? It seems that turtles didn't care about it

try Japanese Yen and Euro Currency, from my experience these 2 are the best trending markets among currencies

yes weekly works, monthly works, yearly works. it all depends on your time frame!

how did you test time in your system?

I bought this one cos I read Paul Jones' review: http://www.mbfcc.com/book/paul_tudor_jones.shtml Paul and Mark been friends for a very long time, Mark taught traders his systems at Tudor. If you watched that speach of Jones at NYMEX 2003 Symposium, you heard that Paul came to speak only because Mar...

hi GENX, its a proprietary study of Mark Fisher, I will bring you a simple example of that. Mark explains about it also in details in his book Logical Trader. He has a system called ACD, its based on this system. ACD uses opening range as a corner stone. Here's the example of being "caught"...

I test using 300k as initial capital, my real account is way smaller than that. I chose 300k for portfolio simulations as some realistic number, since 1 mil$ is something not real to raise at this point of time

hi DanZ, I look more for price action such as OHLC relationship. What kinda indicators you use?

danZman, you bring some interesting points here. Why do you think trend following became tougher? What I've noticed about my trading is that I get screwed up when I fight the trend trying to go counter cos I think it's gone way too far, of course there's a price for it to pay... Fundamentals play so...

I guess its something I also have to work on (holding longer without a need to look at the screen every day)

painless whats your average holding period?

nodoodahs wrote: Personally, I think NN is mathematical masturbation, too much activity for what, in the end, is a less than fully satisfying result. Both in the insurance industry, and in trading, I think simpler solutions are the best.

agree

lemahsin, thanks so much for the wonderful job you made and for sharing! I found that correlation helps me to look for some additional keys when trading and making a decision.