Wednesday, November 11, 2009

Veterans Day

2:50pm CST - A 12 pt. ES range on Veterans Day isn't too bad but it got choppy after the first 1.5 hrs. Got 2 signals today which both stopped out.

RESULTS FOR DAY
Contracts:2
Net $P/L:-206
Wins:0
Losses:2
Win%:0
Avg$Win:0
Avg$Loss:-103
Posted by at

10 comments:

  1. E-Mini PlayerNovember 11, 2009 at 3:54 PM

    I think you should start posting the trade chart.

    ReplyDelete
  2. Voice of reasonNovember 11, 2009 at 5:18 PM

    What and risk the chance of giving away is super top secret proprietary trading system? Cracks me up whenever a guy believes that his "system" will stop working if it is divulged. Automatically lets me know that he should not be trading. Any of you guys gonna be in Vegas for the Trader's Expo next week.

    ReplyDelete
  3. JulesNovember 11, 2009 at 7:14 PM

    MBA,
    many successful people are secretive about their methods:
    http://www.phillymag.com/articles/beating_the_odds/
    There's no need to feel pressured to reveal what you are doing. If something works for you in the long run, keep doing it, and you don't have to talk about it.
    Take care.

    ReplyDelete
  4. E-Mini PlayerNovember 12, 2009 at 12:44 AM

    Posting a chart with your trades marked up will NOT reveal anything about your method.

    ReplyDelete
  5. AnonymousNovember 12, 2009 at 8:46 AM

    Ah! Jules, but your blog is in contrary of what you just said. I admit posting exactly what you do is risky business. Not only you invite ridicule but you also risk it will became 'too popular' (eye rolling). From what I see the one who posts what he/she is doing is the one who benefits the most. There is very little chance that I will become him and steal his method thus dilute his 'winning percentage.

    ReplyDelete
  6. AnonymousNovember 12, 2009 at 9:23 AM

    I met some successful traders and watched them trade. And there is no secret, it just seems they know what they are doing and keep taking profit. My impression is that a good market sense and trading skill are the key to win.

    ReplyDelete
  7. MBAGearheadNovember 12, 2009 at 3:48 PM

    Voice of reason, you crack ME up. Since you must be a "trader", why don't you show us YOUR blog with your daily trade charts and system details? This is my blog and I'll post what I like, thank you very much.

    ReplyDelete
  8. Voice of ReasonNovember 12, 2009 at 6:04 PM

    It was actually quite tongue in cheek MBA...I have been rooting for you for quite some time(from your Elite Trader days). Yes I am a trader indeed and it is my ONLY source of income for the past 5 years. My point is that if you still believe that your "edge" will be negated by revealing your "secret" as you used to say then you have regressed instead of progressing. I can actually do better than showing you my charts and system details. I can forward you my tax returns and independently audited account statements for the past 3 yrs; and I can allow you to access my screens while I trade via eluminate. Do seriously consider the offer for I am indeed sincere. I have nothing to sell and am merely trying to pay it forward. My system is merely price action and money management. I know it doesn't sound as sexy as complex algorithms and quant strategies but it is highly effective.

    ReplyDelete
  9. E-Mini PlayerNovember 12, 2009 at 9:30 PM

    Voice of Reason, can I take you up on that, or is that offer exclusively for MBA? :D

    ReplyDelete
  10. MBAGearheadNovember 13, 2009 at 12:40 PM

    Voice of reason, thanks for rooting for me! I agree that most retail traders would lose nothing by revealing their "secret" trading system details. (I've never used that word before.) But larger traders who throw around more size, would experience slippage if many others were trying to enter and exit at exact time/price as they were. It all boils down to whether the system is discretionary or mechanical/automated. But there is certainly a line to be drawn somewhere where an "edge" could lose it's edge.

    I appreciate your offer - shoot me an email please at mbagearhead@yahoo.com. Thanks.

    ReplyDelete

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