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
For tips on developing Real-Time Auto-Trading systems visit:
http://www.amibroker.org/userkb/
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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