[bathrobe]

So, obviously this week I was unable to trade for the most part. Today was like the other(s) I do not remember right now how many days. Only 2 ticks on euro on 1 contract. I am going to rest up and hydrate this weekend so I can get at it on Monday.

Chris

[amswak]

Originally Posted by sicktrader »

Thales,

You should go into teaching once you have made your cash.

+1 I agree. And I thought the article you previously posted was great.

[amswak]

Originally Posted by bathrobe »

I am going to rest up and hydrate this weekend

I use migraines as an excuse to drink extra coffee

[MCM]

Originally Posted by SIUYA »

Hi - for those who get headaches from staring at the screen - and for all people who stare at screens all day. An optometrist friend of mine gave some great advice a few years ago, that has helped me and others from eye strain.... and saved some friends from such headaches.
Your eyes are a muscle - get into the habit of exercising them. Every 20minutes or so, look up from the screen and refocus them at something in the distance. look out the window, get up from the desk and refocus. Take your eyes for a quick walk and stretch. Make it part of the trading day.

Otherwise, good luck with the race, I dont intra day trade enough/much, but might join in a few weeks when I get back from holidays for a bit of fun. I just thought I would post with the eye advice.

Id swear you were a pilot - only other place I have other heard that piece of advice is from my buddies who are Navy pilots.

Enjoying the Race - thinking it might just be worth it to open up an account or pull some cash out of one account to get below the starting minimum amount.

[bathrobe]

Originally Posted by amswak »

I use migraines as an excuse to drink extra coffee

When I cut caffeine out of my diet my migraines let up some.....not all the way but it helped.

[thalestrader]

Originally Posted by sicktrader »

... more importantly, I know what my system averages a week in terms of points. I need 100-120 points to double, and I know my average to reach that is less than two weeks. Your potential problem, no harm intended, as I see it is that you are mixing this with that and really don't know how long it takes you to double.

I think we are very much on the same page. I need 120 ticks to double. Average time to 120 ticks based upon back tests should be less than two weeks (based on trading every day - I will be out much of May, and after Monday, my trading will be somewhat spotty for several weeks).

I think I know how you plan to get to a million. Whether I can execute that plan remains to be seen. Theoretically (famous last word) this is possible. There are potential problems everywhere.

Also, as size increases, ticks to double from previous levels should decrease, as it is possible to add size between levels. For example, if from 1500 to 3000 require 120 ticks net of commish and fees with one contract, one would assume that one also needs 120 ticks net of commish and fees trading two contracts to move from 3000 to 6000. However, at 60 ticks, equity will be 4500, so a third contract will be added, this will mean 6000 is reached after an additional 40 ticks net, so while it will take 120 ticks to move from level 1 to level 2, it will take 100 ticks to move form level 2 to level 3. From level three (6000) to level 4 (12000) will require 95 ticks.

This assumes perfect progression and perfect addition of contracts at $1500 increments. Of course, the equity curve will not be perfect, and thus, I assume that each double will require between 100-120 ticks net of commish and fees.

This is proving to be an extremely enjoyable game, sicktrader.

Best Wishes,

Thales

[amswak]

thales,

out of curiosity, and maybe I am just thinking backwards this evening, why do you stick to a doubling position size strategy? If you grow your account based on a fixed position-to-equity ratio to size positions (and assuming ideal constant gains) it should follow an exponential curve, not a square curve (as simply doubling would). Is sticking to doubling done for risk management purposes?

[brownsfan019]

Originally Posted by thalestrader »

In other words, though we are accelerating a positive equity curve, we do not want to do so by relying on the "Hail Mary" pass, but rather through a strong running and passing game played as a hurry up offense. This is why we will likely not be able to get any Browns fans to participate in The Race (nudge nudge wink wink).

As I learned in the p/l thread, you are correct that many won't participate b/c they can't or won't. I posted daily blotters for a very long time in those threads and very few posted w/ me regularly. I'd say basically no one posted with the regularity that I was. And it got old posting by myself.

I think I've said in a few threads that I will not be participating in the race. Personally, I think there is a fundamental flaw in a contest where the participants realize that the goal is very unrealistic. I don't plan my business this way, nor do I trade this way. I set realistic goals as this is my livelihood. It's not a game or just a fun little thing to do on the side as a hobby.

So I'd ask that any comments directed to me entering the race stop b/c I will not be joining this particular version of the race.