tigertrader 

With all that working out, eating healthy, and subsequent weight loss; I was thinking, we could dress up Brian as Brianna!

I'm afraid that would be most unattractive.....but if I need to in order to get in......hmmmmmmmm

PandaWarrior 

I'm afraid that would be most unattractive.....but if I need to in order to get in......hmmmmmmmm

To be a trader, you have to be willing to do whatever it takes. Sometimes, it gets ugly...

tigertrader 

I am always reticent to post there, because the bar has been set so high by the other members. Critical thinking, self-examination, and passion have always been an integral part of my approach to trading. I used to make copies of my trading cards at the end of the day, and bring the copies home to analyze them (trade-by-trade) from memory. While a passion for trading is a prerequisite for success, it can't be a "blind passion". One theme that I picked up from Victor is Bacon's Principle of "ever changing cycles". Bacon's philosophy lead me to constantly question if my methodology is optimally effective given the current market regime. Always ask yourself, if you could be trading better - remaining flexible is the key. If your methodology fails to work or it stops working, change it.

A post by you anywhere would be well-received Gary. You are, after all, the most interesting trader in the world.

A question for you--if you think about a "methodology," some might call to mind a trend following methodology, for example. Or maybe it's a range breakout methodology. To me, these aren't really methodologies, but strategies. Don't you think that a methodology, if it really can be defined as such, should be somewhat timeless? Over a VERY long period in the market, certain things will certainly change. And while specifics of a methodology, i.e., the particularly approach, or specifics of strategies, will obviously change depending on many factors, shouldn't we have a basic model that is general enough that it can remain at the core of how we trade, always? What do you think? @tigertrader

josh 

A post by you anywhere would be well-received Gary. You are, after all, the most interesting trader in the world. A question for you--if you think about a "methodology," some might call to mind a trend following methodology, for example. Or maybe it's a range breakout methodology. To me, these aren't really methodologies, but strategies. Don't you think that a methodology, if it really can be defined as such, should be somewhat timeless? Over a VERY long period in the market, certain things will certainly change. And while specifics of a methodology, i.e., the particularly approach, or specifics of strategies, will obviously change depending on many factors, shouldn't we have a basic model that is general enough that it can remain at the core of how we trade, always? What do you think? @tigertrader

Yes, strategies would have been a better choice of words.


Cut me some slack, Josh. I'm (old) and trying to trade and write these posts at the same time...(LOL)

Adamus 

I think I have a great new avatar for you.......

That was to far.......

PandaWarrior 

That was to far.......

I heard about that the other day on a radio talk show. Michael Douglas plays Liberace, and Matt Damon is his boyfriend. Does not sound pretty, but I plan to watch it.

PandaWarrior 

Current win rate: <32%. Current Equity Curve Slope. >45% I am happy.

This actually hit me like a brick.....

Another light bulb moment.

My stats - current win rate 91% - Current equity growth < 5%



I am now diligently following @tigertrader's excellent advice from hereon.


My risk aversion and loss aversion need to go and I need to stick to my guns!

While I appreciate Gary's offer to attend the Speculators Dinner, I would like to bring the discussion to a close at this time. While there are no prizes for participating, I wish to express my heartfelt thanks to each of you for taking the time to have some fun at my expense. These last few posts have generated over 1000 views of my thread in two days.

On another more trading related note, I did not trade today. I had internet issues all morning.

PandaWarrior 

While I appreciate Gary's offer to attend the Speculators Dinner, I would like to bring the discussion to a close at this time. While there are no prizes for participating, I wish to express my heartfelt thanks to each of you for taking the time to have some fun at my expense. These last few posts have generated over 1000 views of my thread in two days. On another more trading related note, I did not trade today. I had internet issues all morning.

Now there goes a trader.

I agree - let's not deviate from the seriousness of this thread that has helped so many like me find their way in the jungle.

iqgod 

This actually hit me like a brick..... Another light bulb moment. My stats - current win rate 91% - Current equity growth < 5% I am now diligently following @tigertrader's excellent advice from hereon. My risk aversion and loss aversion need to go and I need to stick to my guns!

If you've ever traded with a mechanical system / EA / automated strategy / whatever you like to call it, then you'll really appreciate the stats a lot lot more. There are about 5 different stats you want to look at beyond the primary pair of win rate vs win-loss ratio:

- avg profit per trade
- avg slippage per trade
- trades per day / week / time period
- max dollar drawdown
- max time in drawdown

and then a whole load more like MAE, MFE, etc. It's definitely worth the effort of logging your trades in a spreadsheet. Bit of a pain in the neck especially as I found that Excel sometimes crashes Ninja