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Well Brian, there is some parallelism here but only in the final decision to focus more on trading. I have not given much thought to my personal assets, emotional needs, or those of the World :-) Taking the risk of boring people here is my personal approach to trading. I,
1) Only trade extremely simple trading rules.
2) Trade any stock, wherever I may find it (Explorations), that gives good profits and that can be traded with minimal effort.
3) Do not use Stops/Money Management until the system is proven, i.e. the system must be profitable without those frills.
4) Always start small. imo, If the system works with a few shares it will work with more shares.
5) Trade frequently; at least once a day/stock. In my experience this increases profits and reduces DDs.
6) Don't like product/market research. Trading 100% exposure reversals systems it makes no difference to me whether the market goes Up or Down;
7) Find manual trading extremely boring and try to automate all trading (not always easy).
8) Love searching and coding wild trading ideas, I look at price only.
9) I must always find some time to play (code) new ideas.
Don't ask me why I want to focus more on trading; I just suddenly got the urge. I think it may be because I came close to coding-burnout in trying to automate a complex trading procedure. In terms of skills, I think I reached my match. So, I'll trade the system manually, if it works I'll pay someone with the required expertise to code the difficult parts.
I give myself 100 days (the look back period of my current system) to determine whether trading is worth the effort for me.
best regards,
herman
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Saturday, June 7, 2008, 7:21:22 PM, you wrote:
> As usual you are hinting at some very interesting ideas/questions -
> anywhere from 2-10.
> To provide some context.
> A trading fiction by z:
> I am not an international trader.
> I am a virtual trader.
> The objective of the game is to start with a set capital account and
> maximise the annual % return.
> The player with the max return is the winner for that year.
> I am at war with the 'otherworld' whose inhabitants are known amongst
> gamesters as 'the Worlds' (tax collectors, providers, accountants,
> lawyers, brokers, advisors etc).
> The objective of the Worlds is to gain a share of the traders capital
> for themselves.
> The Worlds control the rules of the game.
> The rules are a composite and constantly morph.
> Not all rules can be known in advance and they don't necessarily have
> to be fair or consistent.
> If a gamester asks a World for an interpretation they are not
> compelled to answer, or give a correct answer.
> The Worlds are constantly squabbling amongst themselves, and fighting
> each other, for a bigger stake in the game.
> They create and provide all of the infrastructure, and virtual
> content of the game, for which they receive worldly tokens.
> I have a game profile (age, account size, skills, personality,
> experience, tools etc).
> My profile can be changed in some, but not all, areas.
> To change a property of the profile requires a proactive effort.
> Sometimes that involves a massive input of energy.
> Profile changes often take a while to be approved.
> The nature of the game varies and comprises several sub-games.
> I have nominated Technical Analysis as my sub-game of choice.
> In preparation for the game I have spent years studying and
> practising the Laws of Technical Analysis.
> I have played many simulated games.
> I have read many instruction manuals.
> I have purchased analytical software, and like a pubescent
> sportsperson, I have trained long and hard with it, to build my
> trading muscle.
> I have developed my game philosophy, and strategies, and mentally
> rehearsed them over and over.
> I am ready to play.
> I know that the game will be fast and furious and full of unexpected
> turns and twists.
> There will be some unanticipated events.
> I know that I can't carry all of my training aids with me - they are
> too heavy and will slow me down.
> I abandon them.
> I no longer require the long analytical work outs - I change to a
> portable small analytical backup tool (if necessary the rules of the
> game allow withdrawal, to return to analytical development etc,
> provided the player has the required funds to rejoin the game)
> I choose my trading vehicle - a single desk multi-asset trading
> platform with superior leveraging and exotic short instruments.
> The platform optimises my prepared strategies.
> It is not the safest platform around.
> The skill levels needed to drive the multi are much higher than the
> other models.
> I am taking on extra risks but I want to win - I don't want to come
> second.
> I can't do that with the slower vehicles.
> I know that the platform isn't 100% dependent and that it does not
> have all of the tools I need.
> If my strategy isn't performing or I want to use diverse strategies I
> will have to change platforms (sometimes the Worlds change the
> platform so that it is no longer attuned to my needs).
> I can change platforms during the game, but this can be a fatal
> distraction (I have reasearched a wide range of trading platforms, in
> advance, and I am ready to make a quick move if needed).
> I have researched all of the available, albeit incomplete, training
> material for my chosen platforms (it is essential to memorize every
> detail, of their performance capabilities, in advance).
> I am ready.
> Let the game begin.
> Winner takes all.
> Losers are banished from the game forever!
> brian_z
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