Harry The Cat

[Sigma-D]

"The more I scout this site the more I am inclined to suspect that if I ever were to start trading"

So, you don't trade, i will be happy to read your posts when you have done so for a while, to see how it affects your theories.

Regards Shane.

So why did you bother posting?

Tell you what, if I promise never to trade, they'll never be any need for you to come back and post in this thread, will there.

From what I have seen of your posts, you don't either.

 

[Sigma-D]

This reminds me of the Screwtape letters a little

Thanks for your valuable input.

Haven't you got a forexmospherian post to go and 'like' somewhere? Give him something to do to come back and 'like' you right back, post after post after post...

 

[Sigma-D]

Professionally speaking , yes they wont give a damn about live calls or directional calls , call it whatever you want , nor they will care about unverified selective screen shots that's for sure , tbh they wont get attracted by a randomly profitable trader either , even if he has a long verified track record , they care more about how its done , everything is automated these days ...

How would you know? You're not a pro. You're not even a gifted amateur.

I can smell BS a mile off.

 

[Sigma-D]

It's a wonder that people pay '2-20' if everything is automated... maybe you should tell them

Nobody is paying 2-20 these days. The hedgies have taken a hammering. 0-15 if they're lucky.

 

[12WBT]

This thread has gone to the dogs.

 

[tar]

... by way of pointing out to tar that many people still pay for performance fees.

I was talking about professional traders - I know you're not very bright, but hedge funds employ professional traders. So, no, not a different animal or different requirements...
.

Ofcourse they do , where i said they don't mor*n ? :whistling

 

[tar]

How would you know? You're not a pro. You're not even a gifted amateur.

I can smell BS a mile off.

I smell manure from a mile away and that's why i replied to your thread . Sorry to burst your bubble , maybe you thought you will get hired in a hedge fund someday if you just provide a statement from your Oanda or IG account , its not going to happen !

 

[postman]

http://www.youtube.com/watch?v=kQFKtI6gn9Y&feature=kp

 

[Sonicscooter]

So why did you bother posting?

Tell you what, if I promise never to trade, they'll never be any need for you to come back and post in this thread, will there.

From what I have seen of your posts, you don't either.

Funny guy, read your own posts, then your cat can chase it's own tail.

Dead thread.

 

[Sigma-D]

Quite. I was using the figures in an off-hand fashion (hence the quotes), by way of pointing out to tar that many people still pay for performance fees. However, if you want to try & get technical, recent avg figures are actually 1.4-17 (source: Hedge Fund Research). Right, I'm off for a catnap.

That's interesting. Which factor do you personally believe has been predominantly responsible for driving down management costs: Poor performance or crowded marketspace?

 

[Sigma-D]

I can see, based on a few losing traders posts from last night, how the human condition might extend to more than just trading. Is it possible those same people can be clearly off the rails in one sphere of their lives, but in the zone on any other? My instinct is, and that's pretty well honed as an urban cat, that they are probably as effective in every area of their lives.

So avoiding their agitated state would seem key if I'm to be successful in trading. We do have a few cats like that. They've had a rough time of it due to lack of basic skills and blame all the other cats for their own shortcomings. Best to just ignore them.

 

[Sonicscooter]

I'm looking for momentum to get on board so I shouldn't need to give it too much room if I've got it right. I took the view I'd get taken out far more often than I hit a good run, but that I would exit a bad one at the first hint of trouble reducing my losses per losing trades to the merest fraction of initial amount risked and when I did catch a move, the rewards based on small stop and large position size should exceed my accumulated losses over the long run. That was the theory and proved to be sound on back-test. Didn't quite match my back-test results on demo, but did well enough to convince me to go live. My results since trading live have been awful. I'm still trying to pin down what's different and am currently of the view it's my manual/discretionary meddling with trades and a failure to enter/exit as per system rules. Looking at that last sentence and I laughed out loud at the obvious stupidity of what I'm knowingly doing.

Learn to trade mate, then you can be as condescending as you like, until then, shut the feck up.

 

[Sigma-D]

Trading Timeframe

I need to choose a timeframe in which I wish to trade it? Why?

Should I be tailoring my trading timeframe to arbitrary factors such as lifestyle and other commitments? Should I be sticking with just a single timeframe? Should I allow the price action to inform which trading timeframe I should use and be totally flexible and driven by volatility rather than time slices?

Time is an extremely variable entity: Sometimes things seem to take forever and other times you wish they would. So it seems a strange beast to allow to be the primary driver for all trading activity.

How can one persons 5 minute activity bear any relation to another person trading the same asset on the hourly or daily? All timeframes look the same in that they have ups and downs, but that's about the sum total of the resemblance. There can be no sense in stating it's up in the 5 min and down in the hourly. All you can ever say is price is either up or it is down in relation to a datum point at any given time in the past. I get a sense there is an inherent up-ness or down-ness to any asset and any given time and you need to establish what drum beat the asset is moving to - it's inherent period - rather than paste an arbitrary window on it just for convenience.

 

[postman]

"You don't catch mice by reading the paper, posting on bulletin boards ..."

I'm guessing you don't 'catch many mice'!

 

[Sonicscooter]

Cable TP placed at 6832 and switching off now.

I'll come back here to this thread when I've got a system that works.

Yep, your an ace......