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[amibroker] Re: Anyone actually making money?



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There are so many permutations that I don't believe we (retail 
traders) can trade them away .... different story if the big boys get 
on to it and it is significant to them (what is a crumb to them can 
feed me for a year).



We seem to have gravitated to a similar area (not surprizing because 
there are only so many ways to go and eventually we find them 
all) ...I dare say your method is a more efficient way of doing it 
compared to mine .... I start conceptually....wondering where they 
could be ... then looking in the charts to see if they appear to be 
there.....and then use the computer to confirm/test it (do the 
logic)..... your analytical skills are away ahead of mine (you can't 
put 20+ years into 4 years, even with good shortcuts)..... I am 
experiencing development fatigue at the moment so I am going to 
plateau for a while and stay with what I have now....optimization and 
AT are mountains to climb on another day.

Thanks for helping the forum with a few things from your kitbag.

brian_z


--- In amibroker@xxxxxxxxxxxxxxx, Fred Tonetti <ftonetti@xxx> wrote:
>
>  
> 
> Regarding the "holes" . yes I agree . most of the short term 
trading I do
> involves these sorts of strategies which I typically find as part 
of a
> generalized pattern recognition routine which in turn is driven by
> intelligent optimization . 
> 
>  
> 
> From my perspective this was most of the reason to have intelligent
> optimization as opposed to just being able to find robust parameter 
values
> for some static system .
> 
>  
> 
>   _____  
> 
> From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] 
On Behalf
> Of brian_z111
> Sent: Sunday, August 10, 2008 9:10 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Re: Anyone actually making money?
> 
>  
> 
> > I was however
> >lucky enough
> > to find this hole in the 90's and utilize it up through '03 .
> 
> Inefficiencies of this nature i.e. not mathematical inefficiencies 
> but those based on the behaviour of market participants, are still 
> around today.....the details are different but the theme is similar 
> (how the big boys create opportunities for the retailers who snipe 
on 
> the fringes)... they are even present locally i.e. within the US 
> markets.
> 
> There are still big holes out there that involve entirely different 
> strategies, to the one you mention.
> 
> re shorts
> 
> There are always short opportunities out there .... in stocks.
> They are not as deep, as a bear trend trade, if they are only 
> a 'countertrend trade' ....say 0.5% intraday 3/5 days a week (wait 
> for the good ones)... the limit to what is good is the commissions 
we 
> pay (I assume US retailers can get below my commissions...in 
reality 
> I can only go to IB or an exotic 'local' dealer.... and I assume US 
> insiders can go way below what US retailers pay)....also the 
counter 
> trend trades are not so prolonged (play intraday shorts instead of 
1-
> 3 bar shorts).
> 
> The reason I say stocks is because there are only a few commodities 
> and mainstream FX traded .... if oil is bearish all of Chicago is 
on 
> its back and the crowd who are playing it are hard arsed 
bastards.... 
> on the other hand there are some many stocks that the attention is 
> not so concentrated and small retailers get a chance to play a bit 
> more.
> 
> The reason I say intraday is because, as I have said before, this 
is 
> the irrational market .... where the word trend takes on a whole 
new 
> meaning.
> 
> I have been interested in this subject for a while because I have 
an 
> instinctive desire to avoid risk and I could see from the start 
that 
> if I could cut out the 'random bearish acts of the market Gods' 
> (that could plunge my account by 10%, say, once every 7 years, that 
I 
> would be a long way towards a good, and steady, long term 
> performance.... deep down I would like to be a permanent bear but 
in 
> practice I have found it hard to buck the bull bias of markets ... 
> but eventually if one perseveres!
> 
> re market inefficiencies: 
> 
> I believe that there are some inefficiencies in the market (so far 
I 
> have found two) that will NOT GO AWAY in the next 10 years (which 
is 
> when I retire from trading)... I don't say they will last forever 
> because the mechanics of the markets are changing quickly, due to 
> technology etc, so I won't predict beyond my ten year window, but, 
> possibly they will go on after that as well.
> 
> brian_z
> 
> --- In amibroker@xxxxxxxxx <mailto:amibroker%40yahoogroups.com> 
ps.com, Fred
> Tonetti <ftonetti@> wrote:
> >
> > Brian,
> > 
> > 
> > 
> > Believe me this is NOT where I normally operate . I was however 
> lucky enough
> > to find this hole in the 90's and utilize it up through '03 .
> > 
> > 
> > 
> > I don't expect to ever see another system that consistently 
> produces profits
> > like that especially with those kind of DD's ever again .
> > 
> > 
> > 
> > As far as WF testing is concerned this something I always did . 
but 
> this
> > wasn't available as an automated tool until it existed in IO some 
> 4 - 5
> > years ago and then again sort of more recently in AB .
> > 
> > 
> > 
> > Regarding short opportunities at the time . Not using the same 
> methodology (
> > See my last post ) . There were very few short oriented MF's and 
> none like
> > the kind that I was trading . There still aren't AFAIK .
> > 
> > 
> > 
> > _____ 
> > 
> > From: amibroker@xxxxxxxxx <mailto:amibroker%40yahoogroups.com> 
ps.com
> [mailto:amibroker@xxxxxxxxx <mailto:amibroker%40yahoogroups.com> 
ps.com] 
> On Behalf
> > Of brian_z111
> > Sent: Sunday, August 10, 2008 8:13 PM
> > To: amibroker@xxxxxxxxx <mailto:amibroker%40yahoogroups.com> 
ps.com
> > Subject: [amibroker] Re: Anyone actually making money?
> > 
> > 
> > 
> > Fred,
> > 
> > Thankyou very much.
> > 
> > I was hoping you would give us an indication of the range where 
> > you 'normally' operate, and where you think we can go sometimes.
> > 
> > That's the most authorative and open answer, on "how much", I 
have 
> > seen in my 2 years in the forum.
> > 
> > Presumably if you weren't doing 'walk forward adjustment/tuning' 
of 
> > your system then, and you are know, then you must have found that 
> > works better than what you did back in those days.
> > In that case, my estimation of what WF tuning can do for a system 
> is 
> > a long way off the mark, and not correct (I figured that around 
30% 
> > was the limit for that approach and maybe 50% for the top guns - 
> raw 
> > non-leveraged that is).
> > 
> > Re your system:
> > 
> > Thanks for the offer but I'm O.K and I have a rule only to use 
what 
> I 
> > can figure for myself anyway.
> > 
> > Plus I have another rule about efficient use of time so I won't 
> take 
> > up yours, or mine, on old leads.
> > 
> > Re selling systems:
> > 
> > I have thought about doing it myself and basically came to the 
> > conclusion that I would only do it after I retire from trading, 
> would 
> > limit it to 100 people, charge $10000 per head and filter the 
> > interested for aptitude (run a website with free basic training 
> that 
> > they have to pass before they can subscribe to the pay per view 
> > section of the site).
> > 
> > People would probably think that $10k was over the top but that 
is 
> a 
> > dirt cheap price to turn someone with 100K into a millionaire 
> within 
> > a few years.
> > 
> > Now I have virtually gone off that idea altogether.
> > 
> > Reasons:
> > 
> > - trading is a high performance event and it takes so much 
> > energy/focus that at the end I will be tired of it and not have 
the 
> > energy for students
> > - very few people have the aptitude for super trading performance 
> and 
> > if they did would make it on their own anyway
> > - I don't have the patience for the complaints/whinging/volume of 
> > emails that would be bound to occur
> > - you can't put all of those years of experience into a can
> > - our style ends up becoming so personal that you can't graft it 
> onto 
> > someone else
> > - if I am that good I won't need the money and can just help 
others 
> > out here and there via forums like this
> > - very few people actually listen to what they are being taught 
> > anyway (a lot of them would go out/do something that I didn't 
> > advocate/lose their money and blame me)
> > - etc 
> > 
> > Re Why don't traders, who get more than 30% plus go and work for 
a 
> > Fund?
> > 
> > - they don't need the money
> > 
> > - I spent years working for an institution and 'retired' to work 
> for 
> > myself, from home, instead
> > 
> > - once you get there you will find they will try to make you 
change 
> > your methods, no matter what they say before hand (there will be 
> > institutional rules)
> > 
> > - the clients of the Funds don't have tolerance for drawdown and 
> pull 
> > their money (pressure is heaped on the trader)
> > 
> > - I couldn't possibly do it as I have a rule not to tell other 
> > traders what I am doing (at the core) OR listen to their ideas 
> about 
> > what I should be doing (it messes with my head) adn they won't 
put 
> > you on unless you tell them all about it and then go into 
meetings 
> > where they kick your ideas around.
> > 
> > > with less than 3% DD's trading the long side only as there was 
> > >nothing to
> > > trade on the short side 
> > 
> > I think there are always short opportunities around, in any 
market.
> > Perhaps your 'rules for what consitutes a playable short' were a 
> bit 
> > tight in those days ....
> > counter trends can be traded but they are not as deep or 
prolonged?
> > 
> > Re market makers etc
> > 
> > I have thought for a while that sharing info with the retail 
> traders 
> > in the AB forum wasn't what I had to fear but rather 
the 'insiders' 
> > who will get infront of your trades OR who are milking the edge 
off 
> > well known plays before the retailers can get at them.
> > 
> > On the plus side ...nature abhors a vacuum so if they are milking 
> it 
> > another edge will appear somewhere else.
> > 
> > brian_z
> > 
> > --- In amibroker@xxxxxxxxx <mailto:amibroker%40yahoogroups.com> 
> ps.com, Fred
> > Tonetti <ftonetti@> wrote:
> > >
> > > Possible ? . Sure . I never said it wasn't possible . I only 
said 
> > systems
> > > like this are not for sale .
> > > 
> > > 
> > > 
> > > Personally I had a bunch of years from mid 98 - mid 03 when I 
> made 
> > 250+%
> > > with less than 3% DD's trading the long side only as there was 
> > nothing to
> > > trade on the short side .
> > > 
> > > 
> > > 
> > > The OOS equity curve looks pretty much exactly like the IS i.e. 
> to 
> > the point
> > > where you wouldn't be able to tell from looking at an equity 
> curve 
> > which
> > > part of it was IS and which was OOS . 
> > > 
> > > 
> > > 
> > > If you are interested in what this system was about I'll be 
happy 
> > to provide
> > > that information which you can backtest on past data as it is 
> > extremely
> > > unlikely that similar methodologies will ever be viable again.
> > > 
> > > 
> > > 
> > > This was on 50% margin and if the short side were possible 
would 
> > have put
> > > one in more or less the 1000% CAR range i.e. . 
> > > 
> > > 
> > > 
> > > ~ 1.25% / Week ( Long Side Only ) ~ 2.5% / Week ( Long Side 
Only 
> on 
> > Margin )
> > > ~ 250+% / Year ( Long Side ) ~ 5% / Week ( Long & Short on 
> Margin ) 
> > ~ 1000+%
> > > / Year ( 1.05 ^ 52 )
> > > 
> > > 
> > > 
> > > But that was in the neighborhood of about the largest market 
> > inefficiency
> > > possible and for the super greedy even that wasn't enough as 
they 
> > found
> > > illegal ways to trade systems like this after hours which 
> > eventually brought
> > > attention form folks like Elliot Spitzer (LOL) who had those 
who 
> > were
> > > trading illegally busted and applied enough band-aides to make 
> > methodologies
> > > like this no longer viable even within the scope of what was 
> legal .
> > > 
> > > 
> > > 
> > > So again . possible ? . sure . The real question is . If you 
had 
> a 
> > system
> > > like this would you or anyone else for that matter sell it ? . 
> > Besides the
> > > fact that the more people who knew about it the less likely it 
> > would be
> > > profitable, how much is a system like that worth ? . 
> > > 
> > > 
> > > 
> > > Let's see . with $1 mm to trade a system with returns like this 
> > over a 5
> > > year period results in . $1 mm * 2.5 ^ 5 ~ $ 100 mm . 
> > > 
> > > 
> > > 
> > > So what's it worth ? . How much do you sell a system like this 
> for 
> > knowing
> > > that after you sell some number of copies of it and the system 
> > users are
> > > making real money with it that by definition if the market 
> > (Traders / Market
> > > Makers) don't adjust to make this strategy no longer feasible 
> that 
> > some
> > > entity will be coming along to change the rules so that this is 
> > still the
> > > case and as a result will also keep you from employing this 
> > methodology. 
> > > 
> > > 
> > > 
> > > As a result most systems that are for sale did work SOMETIME . 
> but 
> > most
> > > likely not any more . for the reasons listed above and most 
> likely 
> > others as
> > > well .
> > > 
> > > 
> > > 
> > > _____ 
> > > 
> > > From: amibroker@xxxxxxxxx <mailto:amibroker%40yahoogroups.com> 
> ps.com
> > [mailto:amibroker@xxxxxxxxx <mailto:amibroker%40yahoogroups.com> 
> ps.com] 
> > On Behalf
> > > Of brian_z111
> > > Sent: Saturday, August 09, 2008 10:33 PM
> > > To: amibroker@xxxxxxxxx <mailto:amibroker%40yahoogroups.com> 
> ps.com
> > > Subject: [amibroker] Re: Anyone actually making money?
> > > 
> > > 
> > > 
> > > Fred,
> > > 
> > > > (let's see) an audited brokerage statement for the last 10 
> > years . 
> > > >Everything else >is some
> > > > form of fish story which gets better and better as time goes 
> by .
> > > 
> > > O.K Let's keep it real.
> > > 
> > > "I had a dream" (ABBA) is one thing.
> > > 
> > > Implementing it is another.
> > > 
> > > Do you think it is at all possible for a trader to do 1000%PA 
as 
> > > claimed at the Robbins-Trading.com World Cup site (Larry 
> Williams, 
> > > and others, are on THAT record as having done it???)?
> > > 
> > > (I understand they claim the RTWC is auditied but I have no way 
> to 
> > > personally prove that).
> > > 
> > > Theoretically:
> > > 
> > > 0.5% ave net gain per day - intraday trading - trade 200/250 
days 
> > of 
> > > the year == 100% PA
> > > 
> > > leveraged 10* (this is possible outside of USA - not sure about 
> > > inside)
> > > 
> > > This is boom and bust for sure (Larry Williams was a boom and 
> bust 
> > > trader???)
> > > 
> > > The trick would be to fence in the leveraging risk?
> > > 
> > > I don't know about you but if I aimed for 1000%PA then I might 
> end 
> > up 
> > > finding easy ways to get 100% PA and I wouldn't be unhappy 
about 
> > that 
> > > (I would still keep on trying to find ways to do four figures).
> > > 
> > > What do you think?
> > > 
> > > Do you think it is BS or what?
> > > 
> > > brian_z
> > > 
> > > --- In amibroker@xxxxxxxxx <mailto:amibroker%40yahoogroups.com> 
> > ps.com, Fred
> > > Tonetti <ftonetti@> wrote:
> > > >
> > > > Almost anyone can write a system that can produce 30% CAR in 
> > > sample .
> > > > 
> > > > 
> > > > 
> > > > "Entry tests" are better geared to something like . Show me 
> your 
> > > year end
> > > > audited brokerage statement for the last 10 years . 
Everything 
> > else 
> > > is some
> > > > form of fish story which gets better and better as time goes 
> by .
> > > > 
> > > > 
> > > > 
> > > > _____ 
> > > > 
> > > > From: amibroker@xxxxxxxxx <mailto:amibroker%
40yahoogroups.com> 
> > ps.com
> > > [mailto:amibroker@xxxxxxxxx <mailto:amibroker%
40yahoogroups.com> 
> > ps.com] 
> > > On Behalf
> > > > Of brian_z111
> > > > Sent: Thursday, August 07, 2008 8:21 PM
> > > > To: amibroker@xxxxxxxxx <mailto:amibroker%40yahoogroups.com> 
> > ps.com
> > > > Subject: [amibroker] Re: Anyone actually making money?
> > > > 
> > > > 
> > > > 
> > > > Dick,
> > > > 
> > > > Thankyou very much.
> > > > 
> > > > You have been around a while and must have seen it all and 
> heard 
> > it 
> > > > all several times over.
> > > > 
> > > > I liked the article.
> > > > 
> > > > I have been over and around this trade many times, but not 
> using 
> > > > those particular indicators.
> > > > 
> > > > I still learnt 1 or 2 new things and reinforced some others 
> > > > (sometimes you need a fresh view of an old problem to open 
your 
> > > eyes 
> > > > to it a bit wider).
> > > > 
> > > > I agree with his core trading philosophies e.g. his idea 
> > > of "Reality 
> > > > Based Logic".
> > > > 
> > > > If I was recruiting some upcoming traders, for a trading 
team, 
> > the 
> > > > entry test would be "show me your 30% EOD equities system" 
(for 
> > any 
> > > > mature economy/market), "now explain to me WHY it works".
> > > > 
> > > > It there isn't an underlying logic, based on market 
behaviour, 
> > then 
> > > > it is probably a statistical fluke.
> > > > 
> > > > My concern with computer/AT trading is that it is fine when 
it 
> is 
> > a 
> > > > means to an end but it could become counter productive if it 
> > > becomes 
> > > > an end in itself.
> > > > 
> > > > I haven't rushed to it because I believe I need to keep 
looking 
> > at 
> > > > the charts to stay in touch with market realities (sometimes 
> > > trading 
> > > > seems hard but as soon as I look at the charts it is easy 
> again).
> > > > 
> > > > If I became a computer driven trader I would spend more and 
> more 
> > > time 
> > > > looking at formulas, and computed results lists, and less and 
> > less 
> > > > time chart reading/market watching.
> > > > 
> > > > Re the trade example in the article.
> > > > 
> > > > It is based on some of my core trading elements:
> > > > 
> > > > - it has a trend (trade with the trend)
> > > > - it has momentum
> > > > 
> > > > AND in that situation a big countertrend (pullback), with a 
> trend 
> > > > continuation confirmation, performs better than a small 
> pullback 
> > + 
> > > > TCC that doesn't break the trend (it is a type of contrarian 
> > trade -
> > > 
> > > > both pullbacks have a similar W/L but the deep pullbacks 
> produce 
> > a 
> > > > much higher PayOff ratio) - in fact the deeper the better, as 
> > long 
> > > as 
> > > > it doesn't break a key pivot point.
> > > > 
> > > > I found the SFO and the tradingacademy sites by googling....
> > > > 
> > > > thanks once again.
> > > > 
> > > > brian_z 
> > > > 
> > > > --- In amibroker@xxxxxxxxx <mailto:amibroker%
40yahoogroups.com> 
> > > ps.com,
> > > > "areehoi" <areehoi@> wrote:
> > > > >
> > > > > Brian.
> > > > > You have given Louis (and others) some excellent advice. 
You 
> > may 
> > > > find
> > > > > an article on Trading Systems appearing in the current 
issue 
> of 
> > > SFO
> > > > > magazine (I'm not sure you receive it in Australia) 
> > titled "System
> > > > > Trading: Whose on the Other Side" of interest. You'll be 
> amazed 
> > at
> > > > > the simplicity of a trading system according to the author. 
> I've
> > > > > posted it in the files section of the AB Group.
> > > > > 
> > > > > Dick H
> > > > > 
> > > > > 
> > > > > --- In amibroker@xxxxxxxxx <mailto:amibroker%
> 40yahoogroups.com> 
> > > ps.com,
> > > > "brian_z111" <brian_z111@> wrote:
> > > > > >
> > > > > > Louis,
> > > > > > 
> > > > > > This could be the longest AB thread ever.
> > > > > > 
> > > > > > Some wonderful people gave you some wonderful answers.
> > > > > > 
> > > > > > To help you get some lasting value from it, here is my 
> close.
> > > > > > 
> > > > > > 
> > > > > > When you started in AB you asked me "can we really make 
> money 
> > > > trading 
> > > > > > and how much"
> > > > > > 
> > > > > > I told you >50% but that you should aim for >30% to start 
> > with, 
> > > > as a 
> > > > > > benchmark.
> > > > > > Others said that was not possible.
> > > > > > Since then I have gone on to say 100% PA is good and 1000%
> PA 
> > is 
> > > > > > possible.
> > > > > > 
> > > > > > Now you are asking the same question again!
> > > > > > 
> > > > > > (others have now confirmed they ARE doing over 50% but no 
> one 
> > > > else is 
> > > > > > talking about 1000% yet).
> > > > > > 
> > > > > > 
> > > > > > You asked me where you should start and which approach 
was 
> > > better.
> > > > > > I told you that you should learn in US EOD stocks because 
> it 
> > > has 
> > > > all 
> > > > > > of the basic elements of trading right there etc
> > > > > > I said that RT data was a lot harder to handle and not 
> worth 
> > > the 
> > > > > > trouble to newcomers.
> > > > > > 
> > > > > > You went to RT and had trouble.
> > > > > > 
> > > > > > I told you that almost no one trades using 1000's of 
> symbols 
> > in 
> > > > RT 
> > > > > > (most long term traders narrow down to the indexes, a 
> > filtered 
> > > > > > watchlist of stocks, a small semi-permanent list of 
stocks, 
> > > Forex 
> > > > or 
> > > > > > Commodities.
> > > > > > 
> > > > > > You tried to use 100's or 1000's of RT stocks for your 
> first 
> > > > system.
> > > > > > You had trouble with that.
> > > > > > 
> > > > > > I told you it would take years.
> > > > > > Now after only 7 months you are struggling with it.
> > > > > > 
> > > > > > In this thread I have laid it all out for you (roughly) 
> > > although 
> > > > I am 
> > > > > > only saying what others have said in different ways, but 
to 
> > > close 
> > > > out 
> > > > > > I will briefly summarise/explain what I have said.
> > > > > > 
> > > > > > Method:
> > > > > > 
> > > > > > a) isolate the key skills required to trade
> > > > > > b) practice them repetitively until they become second 
> nature
> > > > > > c) positively reinforce your trading alter ego by focus, 
> > > > simplicity, 
> > > > > > positive thinking, repetition etc
> > > > > > 
> > > > > > a) is the reason that so few succeed. 
> > > > > > b) and c) are a piece of cake.
> > > > > > 
> > > > > > It takes so long to isolate the key skills of trading 
> because 
> > > the 
> > > > > > subject is so vast and there are so many conflicting 
> opinions 
> > > AND 
> > > > > > very few, if any, traders who make it will lay it all out 
> for 
> > > > anyone.
> > > > > > 
> > > > > > All in all it is like going through a library full of 
books 
> > and 
> > > > > > distilling the info down to a single Readers Digest.
> > > > > > 
> > > > > > The super traders distill it all down to a tablespoon of 
> gold.
> > > > > > 
> > > > > > This takes a lot of time and many don't have what it 
takes 
> to 
> > > see 
> > > > the 
> > > > > > wood for the trees.
> > > > > > 
> > > > > > After years I have got it down to the last pile of books 
> (you 
> > > can 
> > > > > > easily successfully trade at that level, in fact you can 
> > trade 
> > > > > > reasonably well if you only make it half way through).
> > > > > > I only managed that because I was lucky enough to be an 
> > > intuitive 
> > > > and 
> > > > > > this helped me find the shortcuts (I didn't have to read 
> all 
> > of 
> > > > the 
> > > > > > books).
> > > > > > 
> > > > > > So once again, here is my practical advice to you.
> > > > > > 
> > > > > > Don't take on the whole library - it is overwhelming.
> > > > > > 
> > > > > > Take on one section.
> > > > > > 
> > > > > > Start with US EOD trading, no leverage.
> > > > > > After you learn to get >30% there you can then start to 
> learn 
> > > > > > leveraging stocks (via options OR Single Stock Futures).
> > > > > > After you learn that then you can quickly and easily 
learn 
> > > > > > Commodities/Futures etc or whatever you want - the 
trading 
> > > world 
> > > > is 
> > > > > > your oyster.
> > > > > > 
> > > > > > All of the core elements of trading are right there in 
EOD 
> > > stocks.
> > > > > > If you can't find them there then you are not going to 
make 
> > it 
> > > > > > anywhere.
> > > > > > 
> > > > > > 
> > > > > > Re AutoTrading.
> > > > > > 
> > > > > > This is like having your car on auto-pilot.
> > > > > > First you have to have a car.
> > > > > > Then you have to learn to drive it.
> > > > > > Then you can say "now I will automate it and put my feet 
up 
> > > while 
> > > > it 
> > > > > > drives down the road".
> > > > > > You don't just decide to learn autodriving before you 
> fulfil 
> > > the 
> > > > > > first two steps.
> > > > > > 
> > > > > > 
> > > > > > Why not start with commodities?
> > > > > > 
> > > > > > because you will be trying to learn trading and 
leveraging 
> > both 
> > > > at 
> > > > > > the same time plus all of the elements of trading are not 
> > > exposed 
> > > > the 
> > > > > > way they are in stocks (you have the complication of 
> > > seasonality 
> > > > plus 
> > > > > > you are limited to 20-30 instruments).
> > > > > > In stocks you get a much better feel for trading with the 
> > > > different 
> > > > > > cap levels, different volatilities, sectors and global 
> > > > relationships 
> > > > > > etc - things you don't see so clearly in other 
instruments. 
> > > > > > 
> > > > > > 
> > > > > > 
> > > > > > Why not start in RT?
> > > > > > 
> > > > > > because so much of your time will be taken up with 
> > > > software/hardware 
> > > > > > issues when you should be focusing on learning to trade 
> > (plenty 
> > > > of 
> > > > > > time for RT once you can trade).
> > > > > > Also - once you can trade then trading RT bars is barely 
> any 
> > > > > > different - you can go straight on with it (tick trading 
is 
> > > > something 
> > > > > > else again - only suitable for people who are right at 
home 
> > > with 
> > > > IT 
> > > > > > skills)
> > > > > > 
> > > > > > Wheh should I learn Money Management?
> > > > > > 
> > > > > > First you have to get a system that can do >=30% when 
paper 
> > > > trading 
> > > > > > i.e. it does that live, for a reasonable period (on data 
> you 
> > > have 
> > > > > > never seen before).
> > > > > > 
> > > > > > IF YOU CANT DO THAT FIRST YOU CAN FORGET THE REST AND 
GIVE 
> UP.
> > > > > > 
> > > > > > Then, if you get that far, you need to learn the basisc 
of 
> MM 
> > > > before 
> > > > > > you start to trade with real money (you can improve your 
MM 
> > > based 
> > > > on 
> > > > > > your trading experience but you must now the basics 
before 
> > you 
> > > > start.
> > > > > > 
> > > > > > 
> > > > > > Realistically, only those with above average aptitude are 
> > going 
> > > > to be 
> > > > > > able to do that while they are holding down a job (the 
> > > magnitude 
> > > > of 
> > > > > > the task is pretty big unless you have a mentor, a friend 
> or 
> > > you 
> > > > have 
> > > > > > the right stuff to skip through it).
> > > > > > 
> > > > > > All the best with your endeavours,
> > > > > > 
> > > > > > brian_z
> > > > > > 
> > > > > > please excuse me if I don't answer any further questions 
on 
> > the 
> > > > > > subject.
> > > > > > 
> > > > > > --- In amibroker@xxxxxxxxx <mailto:amibroker%
> > 40yahoogroups.com> 
> > > ps.com,
> > > > "Louis P." <rockprog80@> wrote:
> > > > > > >
> > > > > > > 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
> > > > > > >
> > > > > >
> > > > >
> > > > 
> > > > 
> > > > 
> > > > 
> > > > _____ 
> > > > 
> > > > I am using the free version of SPAMfighter for private users.
> > > > It has removed 521 spam emails to date.
> > > > Paying users do not have this message in their emails.
> > > > Try SPAMfighter <http://www.spamfigh 
> > <http://www.spamfigh <http://www.spamfigh 
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> > > ter.com/len> for free now!
> > > >
> > > 
> > > 
> > > 
> > > 
> > > _____ 
> > > 
> > > I am using the free version of SPAMfighter for private users.
> > > It has removed 522 spam emails to date.
> > > Paying users do not have this message in their emails.
> > > Try SPAMfighter <http://www.spamfigh 
> <http://www.spamfigh <http://www.spamfighter.com/len> ter.com/len>
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> > 
> > 
> > 
> > _____ 
> > 
> > I am using the free version of SPAMfighter for private users.
> > It has removed 522 spam emails to date.
> > Paying users do not have this message in their emails.
> > Try SPAMfighter <http://www.spamfigh 
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> >
> 
>  
> 
> 
>   _____  
> 
> I am using the free version of SPAMfighter for private users.
> It has removed 522 spam emails to date.
> Paying users do not have this message in their emails.
> Try SPAMfighter <http://www.spamfighter.com/len>  for free now!
>



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