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    sugar land, TX
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  1. Meet the Best Traders in the World

    WOW. Great. just would like to ask one information: "Volume traded: 34,230.80 lots Number of trades: 316 trades" what is his average net trades(buy and sell) amount? in 1st wk. I just curious if he has $2500 with 400 leverage, then he could leverage to 1 million as working capital at the beginning. I also curious a math question, the capability of profitability in stock market should be non-linear(or linear) with leverage? when increasing the leverage( I think it's an interactive variable, not a independent), is there a threshold that lost probability will be always larger than the wining probability? Just for fun.:missy:
  2. James Tisch: Moving Ahead of Warren Buffet

    ".. You’ll develop a system that enables you to make money without predicting the markets." In that case, machine trading should be always beat the market? Just curius and Happy 2016 year and happy Traders Lab. Thanks to provide so many insights on trading. I am not a experienced trader, but have an interests to step in this field. How could I find a job in this industry from your experience? Or could someone have opportunity to provide it to me? Thanks.
  3. Would You Leverage This Strategy?

    Hi, still have question to ask. Is System trading using rules to trade? The other is "time". Sometime signals appeared at low time frame, but it disapperred on anther time frame. For example, the signal showed up in 5 minutes but dissappeared in 1hr time frme. If you have set up at price, then you might interact with this signal. But afterward, in 1Hr, you found you are one of the contributers for the lost. How do you deal with time issue on system trading regarding to the singal issue you just mentioned. Thanks.
  4. Would You Leverage This Strategy?

    Thanks for your comments. However I may not completely agree with you. "The only important value in system trading is to do everything you can to avoid missing signals... " I just wonder if system is again you, it might put you under more risk if you just purely follow the signal, in an interactive system.:missy: It might be riskier that you were cooperated to "lost" more if you just follow the signal rules if market were against you. Our eyes and feelling are always eay be trapped...Maybe. Just for fun.
  5. Would You Leverage This Strategy?

    Thanks for your feedback. It's a great comment. Just I have some other thoughts about this. "...With system trading, missing ANY signals is big no no..." If all of traders follow the rules, will system stop draw down process when enough lost occurred at -1/3 position since eveyone are so smart? Here I think you meant in trading system. What if trading system is conflicted with value system? will you still follow the trading signal? (I assume "time frame" is not considered in this argument) I meant in under value situation, the draw down process induces trading signal, will you still follow the trading signal to cut the lost? Trading and value sometime, I think, maybe it like a double edge of sword? Just curious of some thoughts. When system is against you, defensive strangety is working well, but when system is in the favor of cooperated with you, will you still following this rule? "missing ANY signals is big no no." Thanks and you have a great day.:missy:
  6. Would You Leverage This Strategy?

    Just guess, if you can not control other people lost or input money. In a simple interactive system, just between you and the system. In an 20% drawdown, if you a smarter trader, you can cut the lost at 1/3(-7%), which means system can go up 20% if lost -20%, then you probably can leverage 3x, since once you cash out you winning money, system might go down if there no people contritube money into system. But in an continute game, others might have a chance to get a higher reward after you cash out your profit early for capital rebalancing. This is my observation, I am not sure it's right or wrong. Have a fun.:crap:
  7. What Every Trader Must Know About Drawdowns

    Here are my thought and observation. It might not be right. If the trading system is a tool to fullfill the value system, then if you can caculate the values well about an equity, then you probably will have a lot of chances to know the reasonable draw down process without knowing the details of curve and peaks. I guess and good luck.
  8. Ken Heebner: Worth Hearing

    "...That’s the kind of freedom trading offers: you choose when to retire." It's really a unbeatable attraction, and beautiful and respected addiction. I always said to my kids : Welcome to this beautiful "Zombie" industry. It's a great lead. Thanks and cheers.
  9. What Every Trader Must Know About Drawdowns

    "Strategy A: Growth: 343.80% Drawdown: 37.45% Monthly: 19.09%" Some math thoughts about this performance. If you can predict the edge of drawdown for 9%, you prevent the lost and cut the lost on -3% and you also can predict the fuure stock progress and make the profit on +9%, on a delta 18% stock increased, you are super to make a 6% profit. If you are in this trading system, does mean you leverage a lot(10x). I meant you have 37.45% drawdown, you are luck enough to make around 25% narmal on this drawdown if nobody add money to this sytem. Just a thought. Cheers.
  10. What Every Trader Must Know About Drawdowns

    This is a great experience sharing. Thanks. After a long period of time thinking and confusions about the market efficiency, I think when market asks you to "cooprate to lost", you had better to be lost in order to reduce the lost; if you want to win, you probably hurt more by adding more capitals. But just what if the stocks are undervalued during drawdown, I feels that it become harder to justify. Smart and right? Probably hard to keep both. Cheers.
  11. "He loved football and piano. He went to Harvard for a PhD program but he was unable to finish the program. Following that, he tried a number of jobs, like playing harpsichord, writing and driving a taxi..." He is a quite special person, amazing. "4. Don’t follow the masses, for they’re always wrong. When most traders move in one direction, then the trend is about to change. If the masses were always right, most traders would be rich. But this isn’t so. For example, there’ll soon be a breakout after most traders have noticed an equilibrium phase. " Recently I am thinking of the difference between craft and art. Maybe know what to do can be specialized in craft, but maybe need to know why you do that, then you could reach to the level of art. Thanks so much share so many interesting great traders and investor stories. Cheers,
  12. Sam Zell: A Famed Investor

    "yeh sure but simplify these problems and come with simple solutions its not simply at all! Especially for a new traders" You are absoultely right. I am a new trader every time when I looks at the market. I think probably it's because of the focus. If we focus on the right thing(tried to understand the inherent (hidden?) wisdom of market), then we probably would have less distraction, immagination and speculation from this complex system. Cheers.
  13. Sam Zell: A Famed Investor

    " .... We simplify these problems and come with simple solutions...." A Great Say in trading!!! "3. The qualities of a good trader aren’t measured by her/his attitude when things are right, when things are fine, and during winning streaks; but when the road is rough, tough and during losing streaks." A Wisdom Say!!! An admired person and career. Cheers.
  14. ".....Some traders love the action, some love the dream of making money, some love the opportunity to work for themselves—but many don’t love the work itself: the effort of mastering patterns in demand and supply." There is a wisdom here - mastering patterns in demand and supply. Then it comes out a question, will future demand determined by the past demand and supply? Maybe most of time, and if it is, it's great and thanks wall st. Great for your post. Cheers.
  15. Unconscious Vs Conscious Competence

    Wells, there are a lot of wisdoms I can dig out in this thread. Reasoning and logics (rationality) may still belong to expectation category when compared to reactive mental state. I always wonder whether R&L can be thrived in interactive system eventually. If you love the game, then fundamentally reasoning and logics might not be supportable from the very beginning since "love" can not be reasoning and be logical... Am I right? Cheers.:missy:

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