First I'll read the blackjack article, in honour of wprins who made me discover this author. Actually, I dedicate the entire post to wprins. My post, and Passamonte's article as well.
http://www.tradingmarkets.com/.site...Jack-Principles-to-Intraday-Trading-82762.cfm
"Sure some days he may lose sync" (quote from reader's email): you moron! If we're talking about discretionary and you acknowledge that he may lose sync, then it's totally easy to understand the talk about exiting after just one profitable trade (or negative): because the win or the loss will throw you off balance. So you just answered yourself, by definition. If we were talking about automated, you could have had a point.
But if you take "losing sync" out of the picture, as you seem to do in the rest of your email, then you have a point again.
"The general idea is to target a modest daily trading objective...". You sonofabitch, why don't you say it all in fewer paragraphs. A person who comes back from working all day long, cannot spend more than 2 hours staring at the computer at charts, and you wrote a mother ****ing bible just to make a comparison with blackjack.
Anyway, I know what you're getting at. The small target is not because I can't make more, but because, after a whole day at the office, my brain will start malfunctioning, and on top of the problems from being influenced by how the first trade went, there'll be the problems of my brain overheating. So, any which way I look at it, I can only make one trade. I am going to get to the end of this post, but no more articles by you: too long. You suck.
No way, man... this is too long. This is like reading the bible. I get the point: a finite number of opportunities per day. Wprins, thanks for summing it up. I advise everyone to read all of his articles, as a penance for your sins. You get forgiven for some really bad sin if you read all of his articles, plus it could help your trading.
I'll wait until Passamonte's article is made into a movie.
