with a fresh perspective and an open mind I see things that I love, that I hate, and that do not make any sense now in prior journal posts.
So first I want to say that I make/made these posts for me, for my "record" and future benefit as a depository for work as it is in progress. I do not seek a "following". Nor do I want/need to convince anyone of anything...though I will dispatch bullshit or call out suspected bullshit pretty quick I am not on patrol to educate or protect.
I do not do SIM trades, not ever. I believe that systemic, heavy, serious, data driven back testing is a waste of time unless you are building a black box automated method.
I am interested in what you do/think and I acknowledge that many contributors here have skills and specific talent that I can not even imagine. I am definitely here to "mine" that field for things I did not or can not think up or construct on my own.
I will share freely anything with sincere people as long as folks know they are responsible for their own actions. That is to say often years of specific background context is left out. That is not intentional. I characterize it like this.
I often cross the street with my teenage children. I no longer say, stop, wait for me, hold hands, look both ways because after thousands of crossings we have a shared context. You and I do not have that as market participants and I take nothing for granted. If you cross the street with me and get run over it is on you, not me. I will never cross the street with you without asking ALL kinds of questions first. That is to gain understanding, period....not to "out" you or make myself feel/look better.
Past this paragraph I will not get sucked in to talking about trading in terms of dollars unless it is specifically necessary. Worst single day trading loss is in the tens of millions but that was never typical. Great make your month days were six figure days. Typical days were usually mid five figure net liq swings. It was not unusual to have one more losing or winning day per month than the other way. It was also common to go weeks without a losing and sometimes a winning day.
I have seen it all but I DO NOT know everything.
Please be respectful to everyone posting in the thread.
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of the forum and not day or swing time frame trading since the end of December 2014. I am in the process now of de-constructing and putting back together a few primary methods. I have funded a trading account, depending on how this creative process goes I may resume day and swing trading in 2017.
I remember you moved to Detroit area so your wife could finish her medical education. I'm sure that is distant history now. Continue to be well and do well Sudhir.
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Price bar, not tavern...though both can get a person into trouble through deception.
I am reviewing everything with an open mind. My platform trading methods are/were all built on a derivative price bar known as Heiken-Ashi price bars. There is an article on these somewhere in the thread. I guess I should re-post the article but it may take weeks to find.
The incomparable @Fat Tails was instrumental in developing the version that I use. He was/is also a valued harbinger of potential nonsense that I might fall into. Harry is a brilliant and kind man that shares from a diverse and vast knowledge base. When and if he posts here, pay attention you are in the company of genius.
So in the next posts I want to document the type of bar I was using and evaluate the value and the danger of derivative price bars as price action at the right edge is absolutely king.
Last edited by wldman; October 6th, 2016 at 11:53 AM.