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The PandaWarrior Chronicles
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The PandaWarrior Chronicles

  #2131 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received


tigertrader View Post
@PandaWarrior: your thinking is completely counter-intuitive: the quantity you trade is a function of your equity, not your expectation of the trade. you want to constantly increase your size as you increase your equity, so that you get the maximum geometric growth of your capital given the characteristics of the return stream, and your tolerance for risk. you may want to reduce your size, when there's greater volatility, and increase your size when there's less volatility, but you want to be trading the optimal size relative your account size, whether you are in a range trade looking for 3 or 4 points, or in a trend trade looking for 10 or more points. in fact, if you are able to catch a trend, you should be adding aggressively, and levering up a fairly good multiple of your normal unit size. this is crucial, if you are going to be pulling a percentage of your profits out of your account to live on. otherwise, you can kiss your account adios, my friend.

Thank you.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #2132 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
tturner86's Avatar
 
Posts: 5,784 since Sep 2013
Thanks: 9,849 given, 11,160 received
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Sayounara View Post
adding to a winner is probably the hardest thing to do in trading, at least emotionally. I'm doing ok managing my initial position, but whenever I add to it, my pulse increases, and every tick in the wrong direction induces nightmarish visions and a feeling of pending disaster. I quite accept the truth that the outcome of my last trade has no bearings whatsoever with the new one, but I just cant seem to implement this belief when I have an active position (maybe I just don't believe it enough yet). this is so irrational and I've tried to analyze the cause of it but couldn't reach any productive conclusion, apart from the obvious one that I'm just a coward. however, despite this irrational behavior my account has been growing and it doesn't look like I'll blow it any time soon. maybe I just haven't traded long enough. anyway what I'm trying to say is that I recognize the importance of adding to winners, and I applaud/admire you for being able to do it flawlessly. may I ask how? any secret that you don't mind sharing?

If you are in a trend like today in the NQ, you look to add on with each sell signal. Like Panda said, on pullbacks, breakouts, anywhere that if you were flat you would take the trade. I have done this today and have had a really amazing day so far...

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  #2133 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
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Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received

The evil empire


So I had an unrecoverable computer crash this week....which meant I had to buy a new computer. Being a Mac fan , I was loath to spend money on a PC and wanted to buy something that would take care of my trading needs and nothing more. I do everything else on my Mac.

Its been 6-7 years since I bought a computer and was unprepared for the trauma this entails. I spent some time researching online using my 10 year old Macbook Pro which has never once given me even the slightest problem and simply couldn't find anything I thought I would want in the price range I wanted.

So off to Best Buy I went after stopping at Staples and even Walmart to look at machines.

At Best Buy I found a reasonably priced machine, with 6GB of Ram, a nice hard drive and an i5 processor. More than enough for my needs. It was on sale and they even gave me $100 trade in for my old machine. Nice

Got it home and thats when the evil empire struck. I have to say, setting up the new machine was at first, a nightmare of fighting microsoft for the rights to my own property. They wanted me to be locked into their ecosystem even more than Apple does. I couldn't even begin to set it up without creating microsoft accounts. But eventually I got around all that and got the new thing set up.

I have to say, other than the strong arm tactics of microsoft, I like the new computer, its pretty fast, runs NT nicely, and once I got rid of the silly 8.1 interface, it was super easy to use. IT doesn't reproduce color the same way my old machine did. Actually not even close but I suppose there are settings for that. I'll dive into those settings next week.

I tried for windows 7 but no one had them in stock locally and I didn't want to wait for one to be shipped so I just capitulated and got 8.1. I don't like much about its user interface. It came preinstalled with all kinds of useless apps and attempts to get me to buy subscriptions for several different programs. To me, these kinds of tactics should be outlawed. If I want those apps, I'll find them and buy them, don't try to force me to buy them.

It does have a sense of humor though, I'm downloading my backups from drop box and the little drop box icon says in place of the time remaining "a long time, grab a snickers". I thought that was funny.

Anyway, I have a new machine for better or worse.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
The following 3 users say Thank You to PandaWarrior for this post:
 
  #2134 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

Well don't leave us hanging, man !! What brand machine did you get? ... desktop or notebook?




PandaWarrior View Post
So I had an unrecoverable computer crash this week....which meant I had to buy a new computer. Being a Mac fan , I was loath to spend money on a PC and wanted to buy something that would take care of my trading needs and nothing more. I do everything else on my Mac.

Its been 6-7 years since I bought a computer and was unprepared for the trauma this entails. I spent some time researching online using my 10 year old Macbook Pro which has never once given me even the slightest problem and simply couldn't find anything I thought I would want in the price range I wanted.

So off to Best Buy I went after stopping at Staples and even Walmart to look at machines.

At Best Buy I found a reasonably priced machine, with 6GB of Ram, a nice hard drive and an i5 processor. More than enough for my needs. It was on sale and they even gave me $100 trade in for my old machine. Nice

Got it home and thats when the evil empire struck. I have to say, setting up the new machine was at first, a nightmare of fighting microsoft for the rights to my own property. They wanted me to be locked into their ecosystem even more than Apple does. I couldn't even begin to set it up without creating microsoft accounts. But eventually I got around all that and got the new thing set up.

I have to say, other than the strong arm tactics of microsoft, I like the new computer, its pretty fast, runs NT nicely, and once I got rid of the silly 8.1 interface, it was super easy to use. IT doesn't reproduce color the same way my old machine did. Actually not even close but I suppose there are settings for that. I'll dive into those settings next week.

I tried for windows 7 but no one had them in stock locally and I didn't want to wait for one to be shipped so I just capitulated and got 8.1. I don't like much about its user interface. It came preinstalled with all kinds of useless apps and attempts to get me to buy subscriptions for several different programs. To me, these kinds of tactics should be outlawed. If I want those apps, I'll find them and buy them, don't try to force me to buy them.

It does have a sense of humor though, I'm downloading my backups from drop box and the little drop box icon says in place of the time remaining "a long time, grab a snickers". I thought that was funny.

Anyway, I have a new machine for better or worse.



AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #2135 (permalink)
Elite Member
In the heat
 
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Thanks: 6,306 given, 13,250 received


tderrick View Post
Well don't leave us hanging, man !! What brand machine did you get? ... desktop or notebook?

I bought a cheap toshiba satellite laptop...on sale with a trade in credit. Paid less than $500 out the door.....actually left this bit out on purpose as i was a bit embarrassed to admit I bought such a poor machine.....but it works and I'm happy....so far anyway.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
The following 3 users say Thank You to PandaWarrior for this post:
 
  #2136 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

i5 with 8g ram... Is plenty for a dedicated trading computer. Trading data is a lot like audio. It comes in at real time, so not computing power is needed for average trading / audio recording ... My i5 Maxine runs an average of 10%....


Aj

Sent from my iPhone using Tapatalk


AJ
Nashville, Tennessee


"Life On The Edge of SR"
The following user says Thank You to tderrick for this post:
 
  #2137 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received


tderrick View Post
i5 with 8g ram... Is plenty for a dedicated trading computer. Trading data is a lot like audio. It comes in at real time, so not computing power is needed for average trading / audio recording ... My i5 Maxine runs an average of 10%....


Aj

Sent from my iPhone using Tapatalk


Its 15 inch connected via HDMI to my 30 inch HD monitor. Only problem is it doesn't support the monitor at its full resolution like my my mac does. But neither did the one its replacing so no noticeable difference in what I see.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
 
  #2138 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,353 given, 83,234 received

You need DisplayPort instead of HDMI.

Sent from my LG Optimus G Pro

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  #2139 (permalink)
Elite Member
In the heat
 
Futures Experience: None
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Favorite Futures: Energy
 
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Posts: 3,155 since Mar 2010
Thanks: 6,306 given, 13,250 received


Big Mike View Post
You need DisplayPort instead of HDMI.

Sent from my LG Optimus G Pro

The only option i have is an HDMI output and my monitor is DVI. Its 6 years old.

The laptop has HD capability but apparently can only support the monitor at 1200X800

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
 
  #2140 (permalink)
Elite Member
San Jose, CA
 
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PandaWarrior View Post
The only option i have is an HDMI output and my monitor is DVI. Its 6 years old.

The laptop has HD capability but apparently can only support the monitor at 1200X800

I had the same problem with HDMI when I upgraded monitors a few months ago. The resolution displayed right on a VGA connection so I switched to that and its been good ever since. Maybe a DVI to VGA converter would work?

Chris

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