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Re: SV: SV: [amibroker] Anyone actually making money?



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But it's very difficult to do...

2008/8/3 Herman <psytek@xxxxxxxx>

Hi Jan,


some of us will never reach that required state of detachment. I am like that: discretionary trading is just too stressful for me.


If one cannot reach the required state of detachment the alternative is to learn afl and trade a mechanical system, and place orders through the IBc. 


If a trading system cannot be coded in AB one might wonder if there is a trading system at all. Luck, being in the market at the right time, or having an undefinable sixth sense about where the market is going, can easily be confused with having a good trading system. There are so many traders that luck, or any derivative thereof, must occur with often. I personally had a lucky streak that lasted 600 trades... I would have sworn I had the perfect system. I still have trouble accepting there wasn't anything real in the system.


Mechanizing and Backtesting a trading system is one way to find out what your "system" is all about. 


Best regards,

herman



Sunday, August 3, 2008, 10:28:24 AM, you wrote:


>

Hi,

Well, I had 6 years of martial arts training, where I understood (but unfortunately not yet attained) the principle of "no-mind" when executing tasks. I have also had some limited time as a military instructor, and it became obvious that during patrol and combat, when people fire at you (blanks and smoke grenades, but still), there ones who make it are the ones who do not take the time to think.

 

However, ones ability to enter this state of mind is dependent on having enough training so that you subconsciously know that you really do not have to think about how to move and shoot properly.

 

Of the Tekki Shodan pattern, the ancient warriors said something to the effect of "Most patterns require at least 10 000 executions before being mastered. However, you should not even consider demonstrating Tekki Shodan to your master before you have had 100 000 repetitions."

 

It is interesting to note that to reach the original state of mind while carrying out un-natural activities, you do need lots of training, and that some things in every field are a lot more difficult than the average task in that skill set.

 

Best regards / JM

 


Från: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxxFör brian_z111

Skickat: den 1 augusti 2008 05:32

Till: amibroker@xxxxxxxxxxxxxxx

Ämne: Re: SV: [amibroker] Anyone actually making money?

 

> 3. Level of spiritual attainment.


Semantics plays a part in any discussion, especially when we are 

crossing cultures etc. It plays a greater role in 'spiritual' 

discussion than it does in any other.


So, first the semantics.


We are not limited to the term 'spirituality' as we can talk around 

the same area in many different terms (objective mind/subjective 

mind, rational/intuitive, super-consciousness, super-rationality the 

collective unconscious, God, the Soul, the Divine, the Supreme and 

millions more).


For ease of discussion I will stick with 'spirituality'.


A few basic points:


- generally the 'spiritual gene' is latent in humanity, across all 

cultures

- it is more virile in a small % 

- it is particularly latent in the West/modern culture where we have 

turned our back on our spirituality

- I dare say this forum has more than its share of latent 

spirituality under the surface

- the psychic opposites are not antagonistic forces e.g. soul versus 

body but rather a complimentary whole so that is not a matter of 

logic/programming trading versus intuitive/discretionary trading. We 

are all using both, at different times and places, even those who 

deny it (there is no such thing as a 100% objective/rational person).

- a healthy psyche has a good balance and flows between each psychic 

pole in its own season.


The main pragmatic points:


- we can't bootstrap our subjective mind so we have to turn to 

mentors for written or oral teaching

- some have more aptitude for it than others

- I was very priviliged to have some experience in these matters long 

before I started trading (my subjective consciousness/soul was 

already active and able to express itself in the world) but it still 

took years of pragmatic, practical, objective work to 'program' the 

trading mind to match i.e. I had to pass a sufficient number of 

exams, in the core units, at the 'University of Trading', before I 

could 'enter the trading zone'.


In laymans terms, my intuitive mind was functioning but I still had 

to go out and tediously train my rational/objective mind, and learn 

as many of the objective rules of trading as I could, before the 

subjective and the objective minds could synchronize in the trading 

room.


"Give unto Caeser that which is Caesers AND give homage to your God".


brian_z


--- In amibroker@xxxxxxxxxps.com, "Jan Malmberg" <jan@xxx> wrote:

>

> Hi,

> I sometimes daytrade using even delayed data for the charts, and a 

list

> compiled list stored in my broker's web application. It works 

alright. Most

> of the time I do short-to-mid-term swing trading. With just the 15-

min

> delayed data. Ok, real-time for the indexes.

> Here's my opinion.

> The three components that determine your success are usually:

> 1. Level of analysis. How good you can produce low-risk entries 

with a

> probable future outcome, which of course is never totally possible.

> 2. Level of money management. How much you bet on one single 

trade, how

> well you scale in, scale out, set and stick to stop-orders, and 

more.

> 3. Level of spiritual attainment. How much you have attained the

> "no-mind" state of the ancient warriors and spiritually achieved 

people.

> Which means that you fearlessly execute trades while maintaining a

> risk-appropriate behavior. Only really possible when you no longer 

fear the

> horrible market and what it might do to you.

> Which one is most important? The one you lack the most at the 

moment. I was

> fortunate to start out with fairly solid money management from the 

start.

> Best regards / JM

> _____ 

> From: amibroker@xxxxxxxxxps.com [mailto:amibroker@xxxxxxxxxps.com

On Behalf

> Of Louis P.

> Sent: Thursday, 31 July 2008 2:15 PM

> To: amibroker@xxxxxxxxxps.com

> Subject: [amibroker] Anyone actually making money?

> Hi,

> I was only wondering... Anyone actually making money or making a 

living

> with AB and trading?

> I've been working on ideas and plans for over 7 months now and 

didn't find

> anything convincing yet. I've been searching daily data, then 

hourly,

> 15-minute and now I am into 1-minute data and nothing seems 

satisfying.

> Been searching RSI, MFI, ADX, MA, HHV, LLV... nothing seems to work.

> So... Anyone is making consistent money with this, and if so, at 

which

> timeframe and how do you do it? 

> I'm beginning to think about switching to tick database; it seems 

even

> 1-minute is too slow for intraday trading. Anyone making money with

> 1-minute?

> Thanks,

> Louis

>

 


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