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Thar She Blows!
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Thar She Blows!

by The MoleApril 23, 2015

Is it true? Could it be? Someone please pinch me because it looks like we may just have departed this dreaded trading range which has been the source of much stagnation and whipsaw as of late. Well, let’s not jinx it – shall we? The session still has another hour to go and we haven’t really punched into fifth gear just yet.

2015-04-23_spoos_update

Here are the E-Mini S&P futures – a.k.a. the spoos (technically that’s the big contract but anyway) – nice punch higher here when most of us expected another trip to the downside. Yes yes, hindsight is 20/20 – ain’t it? Which is why I suggest you don’t beat yourself up and remember – it’s much better wishing to be in a trade than wishing to be out of one.

2015-04-23_YM_update

Thor actually grabbed a long here last night – I only took 1/2R as I’m a highly suspicious here. Plus YM is lagging the spoos it seems but hey, let’s see how she flows.

2015-04-23_cable_update

Cable update from this morning – so far so good and we’ve got a decent chance to breach that daily NLBL. Next hurdle would be the 100-day SMA but let’s address that if/when we get there.

2015-04-23_CADJPY_update

CAD/JPY – one of my favorite charts in my roster right now. We took an early entry yesterday and the actual IP long trigger was a few ticks higher. Which ever you took – so far it’s looking fine but we can’t rule a retest of the 100-day SMA, which is still falling, let’s not forget that. So we are far from being out of the woods here.

2015-04-23_crude_update

Crude – definitely out of the woods on that one. My trailing stop was never threatened and I’m keeping it here as I don’t want to be swiped in case we see a stop run lower before she blows. If it manages to pass 59 we are entering short squeeze territory – wouldn’t that be a shame… 😉

2015-04-23_ZB_update

Bonds – no setup here, just a general observation. I’m actually short ZB via Thor and it’s looking good but has not locked in the 2R mark just yet. IMO this thing either falls apart right here or we’ll see another trip higher.

I’ve got some setups but will reserve them for my intrepid subs:

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About The Author
The Mole

Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.

  • http://evilspeculator.com molecool

    @bobbylow in response in the prior thread as to your emotional reaction after your stop outs:

    Sit back and attempt to relive that emotion again. Ask yourself WHY you are feeling this emotion and whether you could have done anything to prevent it. The answer of course is no and thus you revert to the original premise, which is that you took an entry at a technical inflection point per the rules. And that should make you feel good.

    Also try to never let paper profits lead you to excessive positive emotions. You can smile and be happy about the fact that the script led you to paper profits but they are just that – paper profits and can disappear at a moment’s notice. And as human beings we cannot attach our well being and emotional state to a temporary virtual construct as exhibited by paper profits. Make sense? It’s not real until it’s in the bank/account.

    The PROCESS is what should drive you – not the results. I know I know – easier said than done. I struggle with it every single day and that battle will never cease until the day I place my very last campaign (hopefully a long long time from now).

  • ridingwaves

    ANY short squeeze in progress….

  • BobbyLow

    Got it thanks.

    I’ve already printed it out. I need to re-read this from time to time.

  • SirDagonet

    “I struggle with it every single day”

    I think that’s an important admission, coming from you… I read Scott say a
    while back (words to the effect) that during the length and depth of the CI
    drawdown he began to question the strategy… in other words, even the most knowledgeable
    and experienced guys here fight the doubt and emotional roller coasters. So, for all the admonitions both of you hand
    out, you admit to the same human challenges – even you guys can’t just sit back
    and, with abandon, say, “well, que sera, sera – the next 1,000 trades – so I
    won’t be bothered”

  • BobbyLow

    The bottom line is that we are all human beings and not Bots. My problem before using a rules based system was that I would allow my emotions to build up rather than feeling them and letting them go. IMO, it’s the build up of emotion that causes the damage and poor decision making and not the emotion itself.

    You probably remember our conversation regarding my hatred of the news? Well as you know, I like to trade energy related stuff. I’ve been long Crude but my rules also recently said to be short energy companies at the same time.

    After some reflection, I believe that in part the root of my anger was that I allowed myself to read yesterdays oil report that said we had so much oil that nobody knew what to do with it. Then this morning I was killing some time and read that Yemen was in play and driving price up. Well you know what? Once again I allowed this illogical crap that financial and government media puts out to piss me off because it is nothing but absolute horseshit.

    The funny part is that my entries and exits were rule based so I did nothing wrong there. The news is an easy target and easy place to channel my anger. However, if I didn’t read this crap I still would not have been happy. But regardless, I have to feel the emotion and let it go.

    It’s kind of like when somebody says hey it’s nothing personal – well if it’s not personal then WTF is it? 🙂

  • saltwaterdog

    Have you mentioned ANY here before?

  • http://evilspeculator.com molecool

    We are not different from most of you guys – except that we don’t accept failure as an option. Traders are not born, they are forged under pressure and the sacrifice of much blood and sweat. This blog is my own reflection – the one of the type of trader I wanted to see when I embarked on this adventure a long time ago. Which is probably why I keep running this site – it keeps my feet close to the fire. Every day I have to talk about what I do and why – if I was bullshitting or weaseling my way through most of you guys would catch on pretty quickly.

    For me there’s no escape from the truth and from my daily activities – I can’t just show up and claim that I took that wonderful entry. Similarly all my bad entries and setups are out there for everyone to see. Thus my focus on process process process and consistency. Because the one reason why a talented guy like Tim Knight failed as a trader ultimately is that he got comfortable and relied on his chart reading skills to survive. As soon as he stopped learning and growing as a trader he was doomed to fail. He’s a world class chartist but that’s unfortunately not enough – no even by a long shot.

    What I am demonstrating here on a daily basis is that all this stuff really doesn’t matter so much as long as you are able to manage your process and your emotions. We all are going to pick shitty setups and you cannot build a career on predicting the future – which is exactly what all those technical analysts are doing. It’s really fucking silly – even worse, it’s arrogant and suggests an insane amount of narcissism. There is no card counting in the financial markets – the best you can do is to take advantage of a small statistical edge based on prior observations and then take calculated risks. And the latter part really is the meat of the exercise.

    Anyway, in a nutshell: find an edge or two – build a system around it that suits your personality and personal goals/capabilities – trade the heck out of it consistently. That is really it – all that other jazz about market psychology and the technical stuff/jargon can help a little but it shouldn’t exceed more than 5% of your attention span. Just keep taking those bloody entries. As soon as you start over thinking it you put yourself and your opinions between the system and your long term edge.

    Oh, and learn everything you can about money management, risk of ruin, position sizing, etc. – remember what I shared with Bob the other day. A series of 6 or 7 consecutive losers can draw you down to 93 percent in a matter of days. AND statistically this will happen with any system below a 60/70% win ratio. So be prepared for that – because you may get that tomorrow and then one winner and then another five or six losers in a row. It happens and if you don’t know how to manage that you are DONE.

    Go back to a few years ago and look at the comment stream. This is five years ago in April 2010:

    http://evilspeculator.com/2010/04/

    WHERE are all those people? On their yacht because they all retired with a fortune and don’t need to trade anymore? On a different blog that banks them big coin every day? You know where they are – at their day job working for someone else (sure there will be a few exceptions).

    Where do YOU want to be in April 2020? Your assignment for this weekend is to write me an email with your business goals for the next five years. I will collect them and post them next week (names omitted). This way it’s on the record and if you don’t get there then you only have yourself to blame.

    I KNOW where I want to be five years from now. Running my own fund – manage at least $100 Million – period. There it is – now I’m committed.

  • http://evilspeculator.com molecool

    I just read some of those posts – and BOY did I suck back then! Wave wanking? Predicting the future? And everyone was congratulating me and thought I was the shit. How sad and I’m glad I grew out of it.

    Which is why we don’t get hundreds of comments a day anymore. People need that shit – they need the illusion of being able to predict the future. Of meeting that guru who tells them where the S&P is going to trade tomorrow. And that’s exactly why 99% of the people shake out.

  • evilasevildoes

    oil…watch out…not based on fundamentals…i think it is based on mergers after getting public in with QE excuse..no where else to go…

  • Scott Phillips

    What people don’t really grasp is that as you get better at trading, and more aware of what is going on for you under the surface of your psyche, good trading is only for today, and bad trading is only one bad trade away.

    Just 15 seconds ago I experienced some strong emotions from standing aside from the Thor NQ long today (per my rules) which would have worked. Getting interested in that feeling, it feels like a sharpness in my chest just above the ribcage on the left hand side, present on inhalations. It has a vague overtone of sadness to it, and I can feel that emotion seeping out into my chest cavity diffusely from that point.

    Mole, Ivan, Bobby and I can turn back into losers very very quickly.

  • Scott Phillips

    Oh yeah you sucked ass back then! Me too

  • http://evilspeculator.com molecool

    Here’s a chart of Thor + Thor.0 combined 2010 – 2015. Only backtested but it’s on a 1-minute series basis and I think it’s 95% accurate.

  • http://www.ProfitFromPatterns.com/ Ivan K

    BLow … there is a mega difference between ‘I allowed myself’ … … ‘I chose to’ … from my ‘unique perspective’ I hold true that my life is all about … choices … and every choice that I make has its own shadow that follows me like a little puppy dog … if / when I ‘allow’ an action of mine to happen … I believe I may be playing the role of a professional victim.

    And boy have I made many unwise choices along my road … and still survived.

  • http://evilspeculator.com molecool

    Of course the question is this – would you still be trading it after the first year (2010). I think most of you know the answer to that ;0)

  • BobbyLow

    I agree Evil. IMO, it’s never based on Fundamentals. It’s based on supply and demand of oil contracts in the pits and not on what one might call fundamentals based on the end consumer. It took me a long time to figure this out. 🙂

  • Scott Phillips

    I would personally be out after a 50R drawdown. That is beyond my personal tolerance

  • Scott Phillips

    “The bottom line is that we are all human beings and not Bots. My problem before using a rules based system was that I would allow my emotions to build up rather than feeling them and letting them go. IMO, it’s the build up of emotion that causes the damage and poor decision making and not the emotion itself.”

    Exactly and precisely this 🙂

  • ridingwaves

    yes, playing scalps while building position..I scaled into pps from 3.7-5 last time and unloaded it between 6.75 and 5.75, kept small core that I bought low for long term….been buying below 25RSI last couple days and at lower pps…dumping scalps at breach down of 60rsi….this could see the upper bb of 5.12 or higher at 5.78 if it gets past 50 in am, news will put a lot of eyes on it overnight…

  • ridingwaves

    what lies behind and what lies in front of us are only tiny matters to what lies within us….
    RWEmerson

  • bullethead

    looks like a sornette bubble, what’s next?

  • mugabe

    as jon boorman says, you never know how long a trend is going to last … you never know if you’re late to it.

  • ridingwaves

    25K would start eating into psyche for me…

  • Bill

    “…Thor.0 shares a codebase with CrazyIvan, and therefore the EC filter is already built-in…So if market conditions revert to what we experienced in 2010 then it’ll automatically shut itself off for however long necessary.” Is the 2010 draw down only a result of the Thor code and Thor.0 was not making trades then in the back test? Is the entire system transitioning to Thor.0 or will the two systems always co-exist?

  • http://www.ProfitFromPatterns.com/ Ivan K

    50R straight out of the gate is very different to 50R from a High Water mark of, say, 120R … emotionally at least ?

  • Skynard

    Looking at crude oil long term, that was one huge W3 down. Potential for completing 4 and one more wave down by the look.

  • Skynard

    Why not, isn’t that breakeven?

  • Skynard

    AUD profit will be at the 79.00 mark with a /DX 96.50 retest.

  • http://evilspeculator.com molecool

    Depends on when you got in – if you signed up near the 2010 highs you would have been in pretty bad shape. FYI – the EC filter would help out there quite a bit (based on my results).

  • http://evilspeculator.com molecool

    Two systems running side by side. In order to avoid a 2010 draw down I would run Thor.0 in EC mode.

  • http://evilspeculator.com molecool

    Per the discussion below, here’s Thor.0 2010 into 2011 with EC filter:

  • Skynard

    VIX got it now, beware protection is on. For that reaction to happen with VIX up 5% an enormous amound of protection has been prodeced.

  • http://evilspeculator.com molecool

    Based on what I’m seeing Thor.0 appears to have high dependency (meaning losing and winning occurs in streaks). Which is great for sitting out a bad year.

    Thor (the original strategy) seems to be more mixed and I would run it without an EC filter.

  • http://evilspeculator.com molecool

    This is Thor.0 only 2010 into 2015 (until about a month ago). There are very few mixed periods where the strategy would dive in and out of trade mode. And the initial one I think is only because it didn’t have 2009 data. In general Thor.0 exhibits quite a solid dependency which is ideal for employing an EC filter.

    In summary: A bad year will happen without doubt and it’s good to know that an EC filter would cut what would be a 50R draw down into perhaps 15R or 20R max. Also in combination with the original Thor strategy it should produce more averaging as shown in the combo chart below (which is without an EC filter on Thor.0).

  • Bill

    Sorry to be a pest but I have one more question. Would you alert everyone that the EC filter has tripped on and Thor.0 trade alerts would keep coming or would trade alerts stop coming while the filter was tripped on.

  • SirDagonet

    @Mole: this is an honest question (read: not a smart ass comment)

    Mole: “Anyway, in a nutshell: find an edge or two – build a system around it that suits your personality and personal goals/capabilities – trade the heck out of it consistently. That is really it”

    Scott: ” I would personally be out after a 50R drawdown. That is beyond my personal tolerance”

    Let’s make the assumption that the system met all the other criteria for Scott that you describe (suits your personality, etc)… then how do we reconcile this? That was my point when I said that even Scott expressed doubts about CI during the drawdown. Yet you ask who would have continued to trade through the DD in the graph above as if the correct answer is any committed person *should* have (if the system fit them, etc)

    Edit: I realize everyone must establish their own personal uncle point… maybe it’s just that simple…

  • http://evilspeculator.com molecool

    The EC filter modifies the R size. Usually it’s 1R and in EC mode it’s 0.1R. That’s a technicality based on NinjaTrader and you are free to simply skip those campaigns.

  • kim

    well, let’s just assume spx 2120 will hold, throwing some beer money away again 🙂

  • BobbyLow

    Just got back from doing some “stuff”.

    Quiet in here today. It appears to have been a pretty dull and choppy market so far today today so probably not too much to talk about. 🙂

  • http://evilspeculator.com molecool

    Yeah, I sensed that today and frankly needed a day off. Not much to really add to this tape and no setups worth considering before the weekend.

  • http://evilspeculator.com molecool

    Yeah, that is exactly the point but still tough if you really take the entire 50R. I think that EC filter is perfect for Thor.0 – high dependency and you would simply sit out most of the damage.

  • mugabe

    gold looks like it’s headed back to base again

  • mugabe

    yes, v good. you could spend months out of the market – not a bad thnig

  • http://greenlander1.blogspot.com/ greenlander1

    Debating what to do with QQQ. Much of the price due to the pop in AMZN, MSFT, GOOG. The whole candle is really really far above the upper BB which isn’t ideal.

  • newbfxtrader

    Its a breakout if you like that sort of thing. You should stay long unless breakout fails then you get short.

  • mugabe

    why sell on strength? if you can’t stand it, take partial profits.
    to be honest, you should have rules and be following them (whatever they are) rather than having an inner debate.
    edit. I’m assuming you’re in now.

  • http://greenlander1.blogspot.com/ greenlander1

    Just sold half at 110.5

  • mugabe
  • http://greenlander1.blogspot.com/ greenlander1

    Yeh entered yesterday morn. Was debating what % to keep as core position and trading position. Was planning on selling 1/4-1/3 but decided to increase to 1/2.

  • Val

    Hemingway code of conduct – Pretty much applied to Trading:

    -Accept that there are no guidelines, no rules, no life.
    – Face reality: See things exactly as they are, no matter how difficult, rather than you might wish them to be.
    – Contain your despair and self-pity by sheer will power. Give into despair only in private or in the company of another member of the breed, someone who thinks the way you do.
    – Don’t make trouble for others.
    – Impose some meaning on a meaningless universe by achieving form through ritual.
    – Don’t judge others; instead, view the unenlightened with “irony and pity.”

  • Scott Phillips

    There are a number of solutions to this problem. Equity curve filters and the like.

    My preferred solution is to lower position size in a drawdown, so you approach your worst loss (and worst trading) asymtopically.

    So you might start at 1.5% R value, lower to 1% at 10R drawdown, .5% at 15R, .25% at 18R, and .1% at 20R.

  • Scott Phillips

    I love Hemingway, but some of that stuff is going to make you a terrible trader.

    The second one is great though 🙂

  • Scott Phillips

    Without giving away the secret sauce, there is a problem with this.

    Winning trades in Thor last a LOT longer than losers, so you have the situation where a big winner which lifts the equity curve happens a month after the losers.

    I remember the workaround you developed (and a superb one) for CI, and you would have to apply it here as well, in fact it would be even more essential.

    I would suggest a real world EQ graph of money (not R) on the base account and trip it on and off that way

  • Scott Phillips

    Very much so

  • Scott Phillips

    You should have decided this before you entered the position. What happens is that as soon as you enter a trade, the process of “the dumbening” happens, and you get pretty stupid pretty quickly.

    What we “think” is that we need to wait and see what happens with the new price action to make our decisions, but we need to have those IF-THEN-ELSE decision trees firmly done before the trade starts.

    It’s the only way to maintain sanity long term

  • http://greenlander1.blogspot.com/ greenlander1

    Good point Scott. I will keep the dangers of dumbening in mind

  • mugabe

    hard to be v bearish when you see a chart like this:

  • mugabe

    hard to be bearish about this …

  • dragan ilic

    Been having a bad trading period for a couple of months, but i am back on track. My equity curve is at another ATH. I do not really understand those R-systems you use, but think they are many. I zoomed out, so you see the results from 2014- 2015. My trading has really changed. You have created a monster. 🙂

  • diswe

    Have a nice weekend .

  • Billabong

    Just had a chance to catch up. Great discussions over the last 4-5 trading days. Enough information in those discussions to keep someone busy back testing and researching for weeks if not months.

    I noticed their wasn’t very much discussed about the markets on Friday. Looks like a narrowing number of names pushing the markets higher? I could be wrong, wasn’t the down volume higher than the up volume? The bullish percent index only has 2 out of 12 sectors at 80% or more and the NASDAQ and NYSE summation indexes are lower than last year and the year before.

    I see the US Treasury is looking to sell (refi?) $178B Mon-Wed, next week. It will be interesting to see how it is received.

  • Scott Phillips

    Go watch the movie “Highlander” – just like the quickening, but “the dumbening”

  • Scott Phillips

    Killing it! Well done! This is very satisfying when you come out of drawdown, for myself it cements powerful neural pathways that “yes I will recover from drawdown” and “success is just a matter of time”. I came out of a 30% drawdown in 2010 with textbook perfect trading and it was the making of me as a trader 🙂

    Perhaps for the “portfolio” trader scaling into and out of a series of stock positions a classic sharpe ratio is a better indication of performance than R

  • Scott Phillips

    It is not the chart of a stock so you can’t apply technical analysis to it 🙂

    If it has been superperforming and market type changes it will probably no longer work. If market type stays some variant of the same it will probably continue just as it is

  • Scott Phillips

    In December 2012 I admitted (the first step to solving a problem) that I was not in possession of the necessary skills to be a professional trader. At the time I thought I was in the top rank of traders here, and I probably was. I’d been trading full time since 2007, and though I’d been profitable for 2 years, all up I was down about a million dollars from when I started.

    I stopped trading. I took a hiatus from posting here, because the respect you get from being a senior participant here was allowing me to think I was better than I was.

    I reconnected with Ivan and Dudeplunger (one of Ivan’s students and a former participant here). I started Van Tharp’s internal work and booked some seminars on system development. I paper traded 5 years of what would become Crazy Ivan on 360 min charts using a simulator spreadsheet that Dudeplunger built. I started learning with a brilliant meditation teacher at http://www.kennethfolkdharma.com

    Mole and I started the automation project together. Holy FUCK did we learn a lot about system design in the last few years. When we started our best ideas were essentially ripping off Ivan’s stuff (all I’d ever done, with very minor modifications).

    I started trading Thor for real size in August last year. This has been the first time in my life (excepting the early lucky wins) that I’m earning what is, objectively, a large sum of money from trading. Next year I am a good chance to earn a million dollars from the markets (I know it’s all well and good to measure in R, but good traders earn millions of dollars. If you aren’t doing that, planning on doing that, or on your way to do that, you are full of shit – period).

    I worked my ass off. I learned some great intraday FX systems from Gabriel Grammatidis. I started practicing those systems for $50 R values, treating trading like a job I had to clock in for 12 hours work every day. I traded those systems to 81R for the year at .26 expectancy while I developed Thor (which is a more mechanical, daily chart version of the same concept).

    A few years of solid hard work and I am now, finally, on a good day, an objectively competent trader.

    I still have a long way to go, a lot of things to improve. I’m still only one bad trade away from going back.

  • diswe

    Thx Mate. This drawdown i just could not stop it. But look, i dont know how to explain. This dradown started in March and I recovered it at end of March. Lets say my equty curve was a chart. There is a resistence area at 45 % that i could not get thru 4 times. After this big drawdown, after recovery that 45% area was retested from above. It become a support.
    The sick thing is, when i saw the H/S formation i was thinking if this was chart of an stock my equty curve should increase about 30-40%.
    Do you understand me ? Maybe its all natural ? My English sucks, hope you understand. That March drawdown was a big shakeout 🙂 Hammerformation, then follow up in April.

  • mugabe

    This is much longer term here than most people trade (but not me), but shows the dangers of trying to remove volatility:

    http://theirrelevantinvestor.tumblr.com/post/117248888318/the-worst-investment-strategy-ever

  • Scott Phillips

    Don’t look at equity curve as a chart, since it is NOT 🙂

    The real thing for you to do is treat the drawdown as a learning experience. Take out every trade from that time, and try and dissect what happened. Were you too correlated with your trades, making them either all winners/ all losers? Did you stick to your stops and exercise proper risk control? Did you exit according to plan? Did the win rate go down during drawdown, was it still within expected and acceptable tolerances (2 standard deviations from the mean)?

  • Scott Phillips

    The real danger for me is the flow on effect of a drawdown in one system into your other trading and other life areas. Bringing fear into your life can create powerful self-fulfilling prophecies about losing, deserving to lose, trading like a loser, expecting to lose, etc.

  • Scott Phillips

    What happened with me and CI is that with more and better data due to the amount of trades we had accumulated, I began to question whether Ivan’s patterns were anything more than a very marginal edge, except in very specific circumstances. Specifically I came to question the edge in certain of the patterns.

    In essence, in retrospect, what happened is that through exposure to other systems, my market beliefs had changed. I had become a trend following trader (Ivan’s systems are not trend following systems) and I found it emotionally unsatisfying to trade a system which at a deep level I felt was a suboptimal scattergun approach to markets (attempting to catch both ranges and trends in the one system, taking many trades).

    It is extremely difficult to trade a system which does not fit your market beliefs, and it no longer fits my beliefs, therefore I don’t trade it (despite it being very profitable).

  • http://evilspeculator.com molecool

    AWESOME – not your recent winnings but that you stuck with your system through this. You took a big stride forward here mate.

    To the rest of you guys – how many of you would have stuck it out with a 50% drawdown? Not that this should be part of your approach – I would have reduced position sizing. But to keep pushing that button and taking trades through that? Impressive…

  • http://evilspeculator.com molecool

    Do you trade weekly/monthly charts? If not then it’s simply a 10,000 feet perspective. Good to remind yourself of the ongoing trend. But when it comes to your next campaign focus on the recent past, the strength of the ongoing trend (i.e. weakening, solid, increasing), and where your charts suggest an entry opportunity. The rest is just entertainment.

  • mugabe

    Just giving a bit of context. Agree it’s no use for short term trading.
    2 of my 3 account trade off medium to long term momentum (have been for well over a year). I was swing trading the other account for the past month or so with meh results (slightly profitable), but have decided I’d like to trade less frequently / lower maintenance with that account, too. More thru ‘laziness` / temperament / boredom than anything else. Don’t really at the moment want to go thru the hassle of scanning daily, monitoring trades, and seeing a fair number of them do very little.

  • http://evilspeculator.com molecool

    Well, if you trade weekly/monthly charts then by all means let those be your guide. Boredom in trading is awesome if you’re banking coin.

  • mugabe

    Yeah, each to his own 🙂 Even so, I think like any job, you’ve got to enjoy the whole process at least a bit. I think you do! I actually trade off ROC rather than charts: pure quant momentum.

  • Bill

    I thank you for sharing this. Puts some perspective on how to get from here to there.

  • evilasevildoes

    when bp drops below 70 i sell

  • http://www.ProfitFromPatterns.com/ Ivan K

    One aspect of success in trading that is rarely mentioned, let alone canvassed or discussed is that most who have achieved the lofty heights of success … mega success … have not done it in isolation … most have worked with a partner … food for thought for those independent souls out there.

  • http://www.ProfitFromPatterns.com/ Ivan K

    My L.I.V.E. approach to risk-taking contains 12 setups (plus some variations) in the toolkit … 3 of which are decidedly trend-following in nature … 8 are reversal setups (which can easily be harnessed to work together with the 3 trend-following ones) and one setup fits into neither camp.

    How one applies / combines the individual setups will be dictated by the person putting together their own RBT … aspects such as market beliefs, temperament, goal from trading … and many more factors all will play a role.

  • http://evilspeculator.com molecool

    ______ _______ _______ _______ _ _______ _______ _______ _________
    ( ___ ( ____ )( ____ ( ___ )| /( ____ ( ___ )( ____ \__ __/
    | ( ) )| ( )|| ( /| ( ) || / /| ( /| ( ) || ( / ) (
    | (__/ / | (____)|| (__ | (___) || (_/ / | (__ | (___) || (_____ | |
    | __ ( | __)| __) | ___ || _ ( | __) | ___ |(_____ ) | |
    | ( | ( ( | ( | ( ) || ( | ( | ( ) | ) | | |
    | )___) )| ) __| (____/| ) ( || / | ) | ) ( |/____) | | |
    |/ ___/ |/ __/(_______/|/ ||_/ /|/ |/ |_______) )_(

  • diswe

    Thank you Scott. All great advices, you are a great mentor. 🙂

  • diswe

    Thx Mole. I know you are not easy to impress 🙂