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Koyaanisqatsi Hototo--wldman out of balance
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Koyaanisqatsi Hototo--wldman out of balance

  #611 (permalink)
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No...better

F-22

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  #612 (permalink)
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wldman View Post
F-22

Speaking of the Raptor it was used in combat for this first time Monday against ISIS. It also cost $79M for the mission which was more then India spent to send a probe to Mars go figure.

Anyways awesome ideas on setting your screens.

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  #613 (permalink)
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wldman View Post
about monitors and screen layout. @sandptrader

my screens and visual pattern.
...
create a layout based on your visual accessing pattern:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Very thought-provoking. I'm going to see if I can figure out a way to put this to use, or test it with my screens anyway.

Thanks!

Bob.

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  #614 (permalink)
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Very thought-provoking. I'm going to see if I can figure out a way to put this to use, or test it with my screens anyway.

Thanks!

Bob.

You can use that to tell if someone is lying as well. If they look to the left they are remembering if they look right they are lying.

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  #615 (permalink)
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tt...

if 1) they are normally organized (about 80% of right handers are)
2) they are right handed (70%-90% of population) and the big one...
3) they do not know the same thing you do and use it to solidify their lying or out you on yours.

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You can use that to tell if someone is lying as well. If they look to the left they are remembering if they look right they are lying.

... unless they have seen this picture and know how to react in a caluculated manner, including looking to the left, swiping eyes left-right etc. - I suppose poker players do the opposite of what is shown in this diagram... leading to further diagrams - price action changes!

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if 1) they are normally organized (about 80% of right handers are)
2) they are right handed (70%-90% of population) and the big one...
3) they do not know the same thing you do and use it to solidify their lying or out you on yours.


iqgod View Post
... unless they have seen this picture and know how to react in a caluculated manner, including looking to the left, swiping eyes left-right etc. - I suppose poker players do the opposite of what is shown in this diagram... leading to further diagrams - price action changes!

Obviously if they know the trait then they can do the opposite. But most average people don't know. Just saying that this is used by people who read body language as a way to sniff out a lie. Just like trading it works sometimes.

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Found your new desk @wldman https://www.kickstarter.com/projects/1117888467/jet-fighter-cockpit-in-your-living-room

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Someone asked a question...

that I though was important and I've asked if we could lay it out here in the journal because I think it will benefit many members...not the least of which is yours truley... so pending the go ahead from the original author. I want to talk about risk.

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  #620 (permalink)
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The original inquiry...


With that, I read through the following thread here on futures.io (formerly BMT)....
https://futures.io/psychology-money-management/15602-risk-ruin-4.html

From that thread, I learned a lot and came away with a few questions I would like to run by you if you have a few minutes
I really appreciate your time and help....

1. Concerning Fixed Fractional vs Ratio Fractional vs basing your Risk per trade on the Square root of your account?

Of these three Risk formulas, which do you prefer / recommend, and would the one to use depend on whether you are trading the Forex markets , Futures, stocks ?

Also, is one Risk formula preferred over the other two, depending on the sixe of ones starting account balance ?


I'm not sure if this is the Fixed Fractional method or not,
But what about keeping your Risk per trade, no matter whether you are up +$5,000 in your account or you're down -$5,000 in your account ?
Here are 2 other risk based formulas that I have ran across, and wanted to ask you about them please.....

EXAMPLE #1
We start with a $10,000 account and stick with risking 2% of the $10,000 ( $200 ) per each and every trade
So if we are up to +$13,000 in are account, we would still only risk $200 and not 2% of the $13,000 OR f we were down to $7,000 of are account and thus have lost $3,000 of it, we would still only risk $200 per trade and not 2% of $7,000

EXAMPLE #2
This one I have currently been implementing on all of my Forex trades
I take my Current account Balance of $3,000 and multiply it x 2% to get my max risk per trade = $60 and then I divide that by my stop
So if my stop loss s 120 pips from my entry price I would trade 5 micro lots ( $60 max risk on the trade divided by 120 pip stop = 5 micro lots )


Regarding using Kelly, is using Half Kelly or Quarter Kelly more preferable depending on ones Risk / drawdown threshold?



I uploaded the " Risk Adjusted Optimal F " spreadsheet from the Thread, it looks like a Very useful tool for quick analysis of trades and risk
Is there anything specific I need to know before I plug in my numbers

I guess what it all boils down to for me is....
I feel that I have developed an " Edge " and thus a Positive EV ( although I have not ran backtests to confirm or dis-confirm this feeling),

The desire to quickly as possible increase my account while simultaneously being able to survive any sort of sustained Drawdown,
What please would you recommend as a Whole ?

Thank you so much for all of your time and help with my questions , as well all the contributions you make to futures.io (formerly BMT)
I have learned a lot from reading your threads/responses to others

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