This is a discussion on my journal within the Trading Journals forums, part of the Reception category; Wow! I've been watching a whole bunch of great comedies on Watch Movies For Free - LetMeWatchThis.com Free Online Movie ...
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|Oct 17, 2009, 8:10pm||#288|
Joined Mar 2003
Wow! I've been watching a whole bunch of great comedies on Watch Movies For Free - LetMeWatchThis.com Free Online Movie and TV Downloads - Latest and it seems like almost all people involved in these american comedies are jewish american. I am absolutely amazed, considering how few jewish americans there are (less than 2% of US population). The list goes from legends like The Marx Brothers, Jerry Lewis, Danny Kaye, Woody Allen to Adam Sandler, Ben Stiller, Jack Black, Rob Schneider, Lorne Michaels, Judd Apatow, David Cross, Bill Maher, Billy Crystal, Rodney Dangerfield, David Zucker & Jerry Zucker, Harold Ramis, Kevin Kline, Albert Brooks, Seth Rogen, Jonah Hill...
Also, I noticed that many of these people involved in comedy are Canadians as well. Those who are not Jewish nor Canadians are very few.
I think these are the major ones who are not Jewish Americans: John Belushi, Dan Aykroyd, Bill Murray, Chevy Chase, Steve Martin, Chris Farley, David Spade, Will Ferrell, Owen Wilson, Vince Vaughn, Dana Carvey, Mike Myers (needless to say many of these are Canadians).
|Oct 17, 2009, 8:20pm||#289|
Joined Mar 2003
What am I worried about? What was that thought that just crossed my mind? It said "you're watching movies and not working... shame on you". So what? I don't have to do anything anymore. Everything is taken care of. No capital withdrawing. The drawdown will not kill me, since I have taken all precautions: best days, best systems with smallest drawdowns... I don't have to do anything but turn it on in the morning and turn it off at night. If I get any power outages I have my friend who hosts me... nothing to worry about until I reach 50k. Nothing at all. I can watch movies. Yes, I can. I can watch movies. Nothing to worry about. No more systems to create. I can do that in another life. No need to worry about quantity anymore. I just have to relax and not burn out. I'll worry about quality whenever I get a programming bug or money management problem. For the rest, it's all taken care of.
|Oct 17, 2009, 8:48pm||#290|
Joined Mar 2003
Now I am going to watch this movie, Extreme:
Watch Extreme Movie movie on LetMeWatchThis.com Free Online Movie and TV Downloads
I don't know anything about it, but the title appeals to me, because it describes how I am with just one word: extreme. Of course I don't see myself as "extreme": the others do. But language was created to communicate with others, so I might as well use a term they understand, and by their definition, in general, I am "extreme". I see myself as "normal" and generally see others as superficial and inexistent.
|Oct 17, 2009, 8:59pm||#291|
Joined Jun 2009
I'm on a boat mother****er.
GET YOUR TOWELS READY, ITS ABOUT TO GO DOWN.
|Oct 17, 2009, 9:21pm||#292|
Joined Mar 2003
Hey, thanks for the offer, but right now I really can't do it. We will work on it next weekend (on backtesting a new system together: it will be my 38th). I am still recovering from losing 5000 this week and I feel pretty depressed. Besides, I just finished building those last 13 systems, and I need a break from backtesting or I will burn out like a cpu without a fan.
That movie, Extreme, was not so good. I will just stop watching it. I am going to watch this instead:
Watch Black Sheep (1996) movie on LetMeWatchThis.com Free Online Movie and TV Downloads
Its title appeals to me just as well, because, besides being told that I am "extreme", I have also been considered the "black sheep" by family and relatives (except since I went to study in the States, but until then I've always been failing classes, and they treated me like the black sheep).
|Oct 18, 2009, 8:23am||#293|
Joined Mar 2003
Here I am. I went to sleep early, it's 8 am and I've got a whole day ahead of me, but I have no idea what to do. I've eliminated all friends, because they made me spend money and time, and now I have no money but a lot of time to spend, and really have no idea what to do. I've lost the habit of enjoying myself. Maybe I'll watch another movie, or look into some trading systems. Damn, what a boring life I am leading. And, because of the nature of my trading (automated, and all work already done), it's not likely to change in the near future. I'll just have to sit and do nothing. And also avoid friends because I can't afford to waste any money, and they usually cause me to spend money.
|Oct 18, 2009, 8:39am||#294|
Joined Mar 2003
All right, I've taken the decision to work on another 10 trading systems, all based on the same stuff: opening gap (different securities). Let me document how I start when I create a system (not always). I went to google and looked for:
opening gap system - Google Search
Then I picked what looked best to me:
Why the opening gap strategy makes an ideal automated trading system | MoneyHighStreet.com
The Opening Gap Strategy - Why it Makes a Good Automated Trading System
Automated trading Systems - Opening gap strategy equity curve | MoneyHighStreet.com
Probably these articles borrow from one another: so much the better. It means it's a good concept.
I've often wondered why people with a good strategy would write about it on the internet. I have no idea. I always thought that maybe they didn't make any money with it, but just enjoyed teaching people. This could be the case for some of them, but it cannot be the case for all of them. Some must be trading the things they are teaching.
I wouldn't teach all of the things I do - I would teach a few. But it could be the case that for other people it's different and they teach what they do. This in turn means that they are not afraid these things might stop working because they teach them. I don't know if they are right. In principle, if you know that going long at 5 pm is a good idea and tell everyone, more people will do it, this will drive prices up, and it will become less convenient do so. But probably they are counting on the fact that not enough people will follow them, and those who will follow them will be so grateful that they will outweigh the loss of profit.
If instead they miscalculated the effect of spreading their edge on the internet, and if everyone knew what's best to do, nothing would be best anymore, and the markets would be a flat line. I don't believe in the Efficient-market hypothesis. I believe the markets - right now - are not efficient and you can make money consistently by outperforming them. However, this could change and if you keep on spreading tips on what to do to outperform the market, you will contribute to making them more efficient, and your edge will tend to disappear.
I went to wikipedia and found more on this subject:
Another explanation could be that all those who make money by outperforming the markets are interested in hiding their edge, so they'd all be happy if others thought that you cannot develop an edge. So, on one side, you have those who cannot trade and who say "you just can't make money trading" (also to make themselves feel better about not trading profitably themselves), and on the other side, you have others who know this is not true, but are ok if everyone else stays ignorant and therefore will not go out of their way to tell everyone they're wrong, also because they might be asked to demonstrate that, and that would expose their edge. If you tell people you make money in the markets via automated trading, you're telling them a lot. You're telling them it's possible and you're telling them in what direction to do. Maybe that's why, when I lose, I am happy to write it. First of all because I enjoy telling the truth, and second of all because, even by telling the truth, I might discourage people from following me in doing automated trading, which will help preserve some of my edge. I think that if I'll ever get beyond a capital of 100k, I will just stop writing the journal, because I'd feel I have something very precious, and I'd be afraid of having it stolen. On the other hand, right now, I don't feel like I have much, simply by looking at my very small bank account, and at my 12 years of losses. That's also why the best time to ask me about my strategies is right after they cost me a big loss, and the worst time is right after they gave me a big profit.
There's plenty of people like me who enjoy speaking the truth, who are talkative, and who are going to write pages and pages about themselves and how successful they are, showing off, bragging, boasting and so on. So some information will get away and that is partly why, on the internet, there's so much information on how to develop a trading edge. Also, you won't hear all the profitable traders keeping quiet, so it will seem that just about everyone is talking about how they make money: deceptive appearance that will lead you to think that they are just out to sell you something, whereas they're just out to show off like me (looking for someone who'll tell them "wow, you're a genius"). Hopefully the articles I will read on "opening gap" are written by people who know what they are talking about, and not by people who just enjoy teaching, even though they don't know if those things work. The very good thing is that with tradestation, it will take me just a few hours to find out whether the "opening gap" works or not.
Last edited by travis; Oct 18, 2009 at 10:44am.
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