ABE: Unlimited BOJ easing until inflation at 2%
He's on a mission!
He's on a mission!
The Really Useless Thread
- #124,761
- Nov 28, 2012 5:31pm Nov 28, 2012 5:31pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #124,764
- Nov 28, 2012 6:08pm Nov 28, 2012 6:08pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
Mate your numbers are v good and looking better every month. However, may i ask, don't you think that they look a bit disproportionate for what you need to make lots of $$$ in this business? I seldom say this in a forum but don't you think you should consider increasing a bit size, if you double or triple size and cut the returns by 8th you can be in the major leagues quite fast.
Please don't get me wrong, it's a fantastic return profile. However, it strick me those high return %?....they ould be better channelled to get a better bang for the...
Most of my capital right now is tied up in real estate. I've been in it for years. Its very near the end and about to pay out...soon-ish. A few months ago, I got the opportunity to buy up some more of it at prices dating back over 10 years. I jumped at the offer, because I thought it was very near to paying out. Due to legals...it has slowed down. Still going forward...still going to be the deal of a lifetime. Anyway...
To get that capital together, I had to drain a LARGE chunk of my trading capital. I'm now back to living off the majority of my profits from trading. Been a while since I've been there. I used to be able to live off a small percentage and let the rest compound. So...what that means is...trade my ass off for a month...try and hit 40-50% growth a month. Withdraw 35% of that growth (as in, nearly all of it...I'm not wording that well), and let the rest grow. I've been doing that for about four months...bit more, I think. Next...
The last time I was at home in Ireland, I didn't make a withdrawal that month (end October) because I had cash on hand there. So I'm now playing with two months worth of growth (but about to make a withdrawal). I've upped my lot sizes a tiny bit, but as you point out...not enough. Here's evidence...
Ignoring the freaky large returns from a nutt-so Gold day, you can see that at the left, when the account was smaller, my returns were pretty solid size. Look right as the account has doubled and beyond, and my returns have gotten smaller and smaller. Method is exactly the same. Pip returns are the same (give or take), but I haven't upped my positions enough to keep pace. Reasons I suspect this is happening...
1- I'm still getting used to this smaller account size. I'm fine with the one month trading...then withdraw what I need...start over with a little more than the previous month. This double month, and larger growth, have thrown me a bit. (But I'm about to fix that with a handsome withdrawal...Christmas bonus and all!
)2- I somewhat "need" this money every month. I've resigned myself to the fact that this is how its going to be until the property deal is finalized. When that is done, things are going to be very, very different for me. I can't wait to be "over capitalized" again. At that time, I may say goodbye to MT4 land for good, and step it up as you say. Much investigation is underway, because the phone could ring at anytime to tell me its done...which is driving me CRAZY!!!
That's all I got on that, mate. If Twee would give us a Preview Post button back, I may be able to proof it and focus/elaborate, but hey...at least we got a new logo to look at!
- #124,765
- Nov 28, 2012 6:15pm Nov 28, 2012 6:15pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
Hi Sisse,
I had thought margin on a gold futures contract was about $8,000? In the spot market with the right broker 100 oz on margin requires $400.
I'm not ever looking to be some "top dawg" high-roller through any of this, anyway. I love to enjoy life. Make what I need...for today, tomorrow, and well into the future...but beyond that? Too many other things I enjoy doing, with people I enjoy even more!
Happy enough "scraping by" as I am. Will gladly ditch MT4 in a second, though!
- #124,766
- Nov 28, 2012 6:21pm Nov 28, 2012 6:21pm
That's a VERY valid point, too! Was recently discussing that with PTL. He comes from the pits and his favourite thing about the smaller brokers/crooks/businesses is exactly what you describe!
I'm not ever looking to be some "top dawg" high-roller through any of this, anyway. I love to enjoy life. Make what I need...for today, tomorrow, and well into the future...but beyond that? Too many other things I enjoy doing with people I enjoy even more!
Happy enough "scraping by" as I am. Will gladly ditch MT4 in a second, though!
apple) for $25 a share. On the inside $$ req is very different. However you don't need anything special for the gold deal... however even if the margin was zero... need the right risk $ for it.
- #124,767
- Nov 28, 2012 6:25pm Nov 28, 2012 6:25pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #124,768
- Nov 28, 2012 6:37pm Nov 28, 2012 6:37pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
(since you
Jaysus...I'm like an open book!
When I was trading stocks... I could have held Apple for $25 a share. On the inside $$ req is very different. However you don't need anything special for the gold deal... however even if the margin was zero... need the right risk $ for it.
I have a long term trading account that has a very healthy (afaic) balance, but I'm not touching that. Many active positions...some which I really fancy...but more importantly...its basically my retirement fund. I have years worth of "normo" (self-employeed contributed) pensions, but my long term account is kicking all of their asses!
Just told myself I would never touch it...and I'm sticking to it. Have another "income-tax" account too, that is a year or so ahead of where it needs be, but...not touching that either...that would be a bad omen!
Life is grand.
For now!
- #124,769
- Nov 28, 2012 6:40pm Nov 28, 2012 6:40pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #124,770
- Nov 28, 2012 7:02pm Nov 28, 2012 7:02pm
Jaysus...I'm like an open book!
This is it. I'm just not in the position at the moment. I'm fine for now as is...life is good.
I have a long term trading account that has a very healthy (afaic) balance, but I'm not touching that. Many active positions...some which I really fancy...but more importantly...its basically my retirement fund. I have years worth of "normo" (self-employeed contributed) pensions, but my long term account is kicking all of their asses!
Just told myself I would never touch it...and I'm sticking...
- #124,771
- Nov 28, 2012 7:08pm Nov 28, 2012 7:08pm
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Pending conversations? PM for a chat...I am mainly in OTM now
- #124,773
- Nov 28, 2012 7:14pm Nov 28, 2012 7:14pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
Your good... was just sharing
Do you have any idea what the thought of holding $25 APPL shares just did to my heart?
This may be the first time I've said this to you, but...always a first...
You bastard!
- #124,774
- Nov 28, 2012 7:22pm Nov 28, 2012 7:22pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
I see very clear. Also that gold trade dstorted the picture but i see now the heathy mean without it...well as long as the spike is to right side of course....
In any case, keep out the good work and excellent job ....
Will be a less than half of that (+/- 3700) for the kind of intraday moves Ken is doing. Sure on the expensive side margin wise but was just a reference for increasing size more than a recommendation to trade gold futures....
sisse
Really appreciate the advice and suggestions. Does make a lot of sense. If I was "over-capitalized", I would be more comfortable changing my approach. For now...just going to stick to my comfort zone and hopefully keep going bottom left to top right!
Chop out that gold run (which is basically my Christmas bonus
), and this is my favourite type of equity curve. Steady. Consistent. Minimal drama. I've never been a roller coaster fan...they scare the SHITE out of me! Only part I ever enjoyed was climbing up the first big hill...after that...hell on Earth! Maybe that's why I like the smooth climbing curve? 
EDIT: Me thinks its past your bedtime! All the best.
- #124,775
- Nov 28, 2012 7:22pm Nov 28, 2012 7:22pm
Do you have any idea what the thought of holding $25 APPL shares just did to my heart?
This may be the first time I've said this to you, but...always a first...
You bastard!
Have to really be on your game to trade at full leverage.
- #124,776
- Nov 28, 2012 7:26pm Nov 28, 2012 7:26pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
Might need to start measuring them by the hour and trade faster
Love it! Never a time to be too content!
To constantly kick oneself in the behind can lead to many wonderful places.
Good stuff!
- #124,777
- Nov 28, 2012 7:33pm Nov 28, 2012 7:33pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
I am sure I will be more of a bastard as time goes on..
Have to really be on your game to trade at full leverage.
No lie. Did that for AGES. 30S, M2, M10...large leverage. I get kinks in my neck now when I do it! Still LOVE it. Absolutely convinced there is a fortune in there, but automation is the key down there.
Listen to me? Preaching to the choir!
- #124,778
- Nov 28, 2012 7:47pm Nov 28, 2012 7:47pm
That's why I figured I'd get the first one over with while its nice and quiet!
Up until about a year...maybe year and a half ago...I would not be found anywhere other than manual scalping. 30 second chart for triggers...M2 for exits, M10 for Long Term direction.
No lie. Did that for AGES. 30S, M2, M10...large leverage. I get kinks in my neck now when I do it! Still LOVE it. Absolutely convinced there is a fortune in there, but automation is the key down there.
Listen to me? Preaching to the choir!
I am fond of speed....as you know I think it eliminates a lot of risks and allows trading no matter how tight things get. It also introduces instant death if you do not know what you are doing.
Tests I am running now are on 1 pip bars. When the next trade closes moving it up to 1/2 pip and then finally 1/10 pip. Might run a 1 tick test as well.. depending on the 1/10th test. With 3 order components per bar..I expect it will head into overload.
- #124,779
- Nov 28, 2012 7:57pm Nov 28, 2012 7:57pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
No shit? didn't know that.
I am fond of speed....as you know I think it eliminates a lot of risks and allows trading no matter how tight things get. It also introduces instant death if you do not know what you are doing.
Absolutely love it. Love the least amount of exposure time involved. And yes...if you don't know what you're doing...at least you will not suffer long; death will be swift!
Tests I am running now are on 1 pip bars. When the next trade closes moving it up to 1/2 pip and then finally 1/10 pip. Might run a 1 tick test as well.. depending on the 1/10th test. With 3 order components per bar..I expect it will head into overload.
Have you done a data size comparison between 1/10 pip and raw ticks? Just curious how that comes out.
- #124,780
- Nov 28, 2012 8:02pm Nov 28, 2012 8:02pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
No shit? didn't know that.
I am fond of speed....as you know I think it eliminates a lot of risks and allows trading no matter how tight things get. It also introduces instant death if you do not know what you are doing.