Whether you scale up, down, in, out, or don't scale at all, it doesn't matter. The good thing about trading is that you can do nothing wrong, except for trading at all! Unless you have an edge, the market is random to you anyway, and consequently ...

Ridiculous Trading Myths

I like Jing a lot too

Comments on charting software?

Chess

What do you do when waiting for your setup?

Don't worry mate, I don't think you annoyed anyone. By stating something that apparently is quite controversial, you started a fairly constructive discussion in my opinion. So instead of apologizing, as far as I'm concerned you may even be thanked!

Ridiculous Trading Myths

Great post

Ridiculous Trading Myths

Whether there are non-speculative participants or not does not change the zero-sum nature. There are multiple scopes for analyzing the market. You're right that on a microlevel, costs and settlement can make the market non-zero-sum. However, from a ...

Ridiculous Trading Myths

Haha, please argue why it is NOT a zero sum game.

Ridiculous Trading Myths

I'm really happy for you that you're able to beat the market, but finding an edge cannot be "easy" for the very simple reason that Forex is a zero sum game, and that you have to pay to participate. On that note, I'm curious how your apprentice is ...

Ridiculous Trading Myths

IIRC, the 10000 hour rule followed from a study on the characteristics of high performing and other students at a conservatory. The author found that the "experts" studied harder than their counterparts, and that there was roughly a 10k hour ...

Ridiculous Trading Myths

Hmmm, what could it be? Gap? Zero liquidity?

Ridiculous Trading Myths

There are many low risk market neutral hedge funds that don't have such a track record. It depends a bit on the trading style, but I'd say you're probably in the 95th percentile if you manage to have that track record.

Ridiculous Trading Myths

I guess an IQ of 145 isn't enough for that... Probably more in the regions of 170. edit: Or a monkey that wrote Iliad and the Odyssey

Ridiculous Trading Myths

Support/Resistance, because Support/Resistance defies Support/Resistance.

Ridiculous Trading Myths

Well, you can depart from the assumption that market conditions are "sticky". This means that if market conditions have favored your system for a period of time, there is a greater probability that it will favor it the next round. Inversely, if your ...

MM Development

Ralph Vince is the sole legend in the area of MM. He doesn't teach anything about trade management though.

MM/Risk Management Books

Mikkom, if I remember correctly you were interested in testing out some of your aggressively tuned algos in a trading competition. I just received an email from Alpari that they are having a trading competition with demo accounts. It's kind of a ...

Systematic trading

Do you remember anything of the trading method you used? Maybe you're on to something! People may come to great insights through dreaming. For example, Watson came up with the double helix structure of DNA when he was asleep! Edit: Always keep a pen ...

I had a wet trading dream last night

First of all, I would like to refer you to the recently published figures concerning the profitability of brokers' customers. About half of the customers seem to have made a profit over the last 4 months. Secondly, people generally don't lose money ...

Oanda Open Position Ratios conundrum

I didn't know that, though it makes some sense. I always thought it was a weighted basket of currencies or something. Besides the DMM being the most liquid EMU currency, several EU countries also had their currency pegged to it.

When did the euro start?

Nice trade CW. I'm also short EURJPY and I like the way it's behaving so far. Low, concerning "hedging" in the same account, I never really understood that. Why isn't hedging the same as just squaring the position (i.e. buying an offsetting position ...

Silent Service Method