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A little Poison Pen aren't we. However it may serve as a wake up call for an
inexperienced trader who obviously needs to do a lot more homework before
joining a shuttle crew. But hey he might have the natural nack, one in about
10,000 has it. If he has the nack he doesn't need help anyhow. Otherwise he
needs to spend a few years getting wise.
Prosper
----- Original Message -----
From: "Mark Brown" <markbrown@xxxxxxxxxxxxx>
To: "Ed Kiers" <rokinseq@xxxxxxxxxx>
Cc: "omega" <omega-list@xxxxxxxxxx>
Sent: Tuesday, January 23, 2001 12:50 PM
Subject: Re: daytrading & money management
> Hello Ed,
>
> Tuesday, January 23, 2001, 12:23:24 PM, you wrote:
>
> EK> I might have sent this email twice. Excuse me for that.
>
>
> EK> I will have overnight positions. I am using a simple break out system.
Trend
> EK> following in nature this system gives me nice backtested results from
> EK> January 2000 till July 2000.
>
> good long history there ed.
>
> EK> From then the 30 minute based results start to
> EK> go down. Obviously a market related problem since the Eurostoxx
perform more
> EK> sideways since August 2000. I am using this same system for daytrading
on a
> EK> 5 minute basis.
>
> or if it continues to not perform just keep optimizing until it does.
>
> EK> question 1) I want to use this break out system for my 30 minute
charts
> EK> together with a money management system. Does anyone on the list use a
money
> EK> management system with full satisfaction? Is that a system which can
be
> EK> programmed for TradeStation 2000 users?
>
> try the trailing stops those will be most enjoyable to you. try the
> floor and ceiling settings also those can really help out a bunch.
>
> EK> question 2) Concerning my daytrading. Is there anyone on the list who
wants
> EK> to share ideas about a reliable daytrading system that can be used for
> EK> trading futures on a 5 minute chart?
>
> seems like you have a good system - just need to enhance it.
>
> EK> I am running into too much sideways
> EK> periods on a five minute basis. My break-out system does not seem to
be able
> EK> to avoid these periods. Any suggestions or programs that give the so
badly
> EK> needed satisfaction/positive results?
>
> yea isn't it a bitch when all you focus on is those big runs- called
> trends - that everyone else also wants to get on and ride. i would
> suggest you stick with this trend chasing system until you have no
> more money left and remember the trend is your friend.
>
> EK> I am trading through Refco and the number of trades is not the
problem. I
> EK> pay nice fees and I am behind the screen all day so I do not have
problems
> EK> with labour intensive systems.
>
> of course i would have suspected no less, you should have time to
> count ticks also - and if you continue to loose money chasing false
> trends you can always blame it on poor fills and slow data feeds.
>
> EK> Thanks in advance,
>
> EK> Ed Kiers
>
> ps ed what was your occupation yesterday?
>
> Mark
>
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