I apologise in advance if you're eating. Question: What happens if you throw a load of shit at a wall? Answer: Most of it slides down BUT some of it sticks. Question: What happens when you get agressive and try to put on 5-10 trades a day when ...

Building an equity millipede

Koko Search for on Amazon - Reminiscences of a Stock Operator: With New Commentary and Insights on the Life and Times of Jesse Livermore (Annotated Edition) Don't buy the Kindle version as Kindle is crap at photos and it's got loads. Like I said, ...

Building an equity millipede

By the way when I say 34+ positions I don't mean to say that I trade like a madman, spraying trades like machine gun fire. Personally I'm looking build a millepede over months and hold it for multi-months if not several years. So in turn it would ...

Building an equity millipede

Sure. Do the maths yourself. But first let's try a 1% risk per trade. To be successful with this method it's all about putting on plenty of trades. G himself said he does an average of 7 a day. I budget for about 10 trades per day, looking at around ...

Building an equity millipede

MJ, funny but I'm not G. Mods can check my IP, I'm located in sunny England and always have been. I'm not saying anything here that I haven't been taught from G's many posts on this thread. But here's the key, and Oath found this out as well - ...

Building an equity millipede

Graham will like this one. There's an excellent book on Gambling called 'Dummy Up and Deal'. For those where English is not their first language 'Dummy Up' basically means 'shut up'. For Graham's method we can modify this to 'Dummy Up and TRADE'. ...

Building an equity millipede

Those 3 points are really the whole key to this method. It's NOT about whether the market is in an uptrend or downtrend, whether short term or long term. It's NOT about milking a trend for all it's worth as how does anyone know the trend that's abut ...

Building an equity millipede

Graeme did. In fact it's probably one of the most important quotes and bits of advice in this thread. To quote him directly - "It is because of the 3x20 exercise that I became the trader I am today...."

Building an equity millipede

Over60, you make some good points in your thread, thanks. The trouble is there are no hard and fast answers. What's right for me might not be so good for you and vice-versa. G's 3x20 exercise is probably a must for most people here, including myself ...

Building an equity millipede

Great discussion on the portfolios here guys, thanks. IB FX obvioulsy has a lot going for it with the ECN access a major major advantage (the abhility to buy the bid or sell the offer). But as with most things in this game it comes with some ...

Building an equity millipede

Hedging is very inefficient... — Yes, I can understand exactly why a trade using this method holds separate Longs and Shorts as in effect he's really managing 2 separate positions. However, we all know that 99% of the time the trader is going ...

Building an equity millipede

Don't forget the Plaza Accord move of 1985. Big tenacious long term trends going only one way suddendly reversing over a weekend with price never looking back and giving few entries the other way. This is one reason I wrote a post a few days ago ...

Building an equity millipede

Not at all Yonnie. There were plenty of markets, many of them non-FX that basically turned on ONE DAY. And what a fateful day that was in July 2007, certainly at the moment the most significant financial day this century. What happened was simple - ...

Building an equity millipede

Yes, I agree that as positions are put on both sides any large open profit (long) will be offset 'somewhat'. 'Somewhat' is the important word though because IF the market had been in a long uptrend then loads of long positions should have been built ...

Building an equity millipede

Why even both to know wht your real equity is - keep your own balances. For example - Start with $10,000 Risk $50 per trade (keep this constant for simplicities sake) Trade 3 times today, reduce your balance by $150 Assume all those trades go into a ...

Building an equity millipede

Yon I like your posts, they're a welcome addition to a cold thread. An what an excellent thread it's been But I must say for someone who admits to being so inexperienced and new to trading you're awfully knowledgeable. The advances you've made in ...

Extracted Posts

Whether G was his real name, whether Marion existed, whether he owned a casino or not, whether he's in the 'hostile takeover' game (the year by the way is 2012, not 1985) - IT DOESN'T MATTER. All that matters is the TRADING INFORMATION contained ...

Building an equity millipede

Guys, firstly I'm not G. I call myself Calculus because I like Tintin and my favourite character is Prof. Calculus. Also, check my IP, it's always been UK based. Let's try to leave any speculation out as to who G really is, where he lives and what ...

Building an equity millipede

I think the reason there aren't many people posting on this thread anymore (from a trading point of view) is twofold - 1. Most people cannot trade this style. They are so concerned with the tick to tick movement that they cannot handle giving ...

Building an equity millipede

I think risking 1% per trade is far too high. Probabilities suggest that however good you are a losing streak of between 10-20 trades is coming your way. Perhaps it's today, perhaps not for 3 years - but it's coming. So 10-20 losses over a week ...

Building an equity millipede