Search results

  1. C

    Desperately Searching for a Mentor

    Option Volatility and Pricing by Sheldon Natenberg was quite helpful but in my opinion you’ll get more out of getting hold of some options pricing sheets with greeks on so you can make your own charts. Once you are familiar with the effect of time vol and underlying movement on the price of the...
  2. C

    Desperately Searching for a Mentor

    My start in trading was with a market maker in options so will try and upset you a little. We had a massive IT department who put together an interface with an ability to easily calculate theoretical prices as well as spoil us with information on risk. It was dead easy to estimate what the...
  3. C

    I need help to join the dark side

    Thanks for your help, I appreciate it. Unfortunately I spent quite a bit more than that and still failed due to my inability to learn new tricks. I might have another go at some point but will give it a break for a while as it got to me.
  4. C

    I need help to join the dark side

    Thanks everyone, just a quick update, I gave up on the idea ..... I guess I'm too thick. I since went up a few timeframes, my strats still work and my time on the screens is finally reduced. I might not get a signal for a few days (two weeks the most) but so far so good. All the best to you all.
  5. C

    I need help to join the dark side

    I know it is like asking how long a piece of string is but would you please attempt to quantify reasonable? If it matters, most of what I do is based on PA, I hardly use indicators.
  6. C

    I need help to join the dark side

    Thanks for the replies, I just got myself on a coding course, hopefully in a few months I will be ok. @Sharky, It is for the Dax and Dow. All in all, It generates on average 3 signals per week. I use a few brokers but for this, at present, I use IG & PRT which from now on should also allow me...
  7. C

    I need help to join the dark side

    So ladies and gents, I can’t code and there is a chance my dog is more computer literate than myself but I won’t let it stop me. I currently have two strategies with positive expectancies and would like to automate both. I need advice on how I can store it on my own PC rather than the broker’s...
  8. C

    Trend following not working on my 7,000 backtests !

    Sorry I missed the bit about adjusting it after 24 hours. I trade price action setups with the stacked ema condition as a filter. It’s profitable but rather different from what you’re doing. I’m happy to share more details in private if you like.
  9. C

    Trend following not working on my 7,000 backtests !

    I read through and don’t think I’ve seen any mention of different exit strategies. In my tests I found the exit can be more important than the entry with massive difference in outcomes. If you can, test what closing at 2r vs 3r vs moving stop at entry at 1r or 2r then close when candle closes...
  10. C

    quick options question re: selling puts

    what expiry were the puts and where was volatility when you entered and exited your positions? Also, how do you hedge these short puts?
  11. C

    Why you shouldn't demo trade

    You sound just like my old boss and him saying I was live in the market is still one of the scariest things Ive experienced , and I had guns pulled on me on two occasions. :D I totally agree that a certain level of competence is reached faster but still, if I had the choice I would have taken a...
  12. C

    Why you shouldn't demo trade

    We're all different I guess. I started in a live market on a options desk (screen based) and I trully found it scary. It took me much longer to learn due to irrational fears and even used to have nightmares about it ��. The emphasis was on getting the hedge right and despite it...
  13. C

    Trading in a group

    :cheesy: sorry this made me laugh, I had a bad run once also and felt like kicking the whole think into touch, are you still going?
  14. C

    Having trouble letting my winners run

    I appreciate your help but my setup is not PA dependent and I don't judge it that way at all. Maybe I didnt make it clear, my system works despite my personal issues.
  15. C

    Having trouble letting my winners run

    I agree but I just can't do it and believe me i tried. I currently only work one setup and 2:1 works fine, I just wish we had more volatility so I could put it on more often.
  16. C

    Having trouble letting my winners run

    @ phoenix I am in the same boat emotionally. If i put something on and watch it tick by tick, I can guarantee I would get in the way of a good trade. My way of dealing with it is have stop and limit in place (that make sense given the ATR) and let it be. If you worked out what ratio you...
  17. C

    Posting Trades

    50 points of risk? What would your P&L be if the market goes to 7000?
  18. C

    This was a shocking video...

    The guy slams every other educator for flaunting wealth and then goes and does exactly that himself ��. ... some ppl seem to have pro traders' cocks very far down their own throats for reasons only known to themselves, might I remind you these lads are human also and are known to...