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If the open trades are locked...

Elkart
Elkart
Jan 05 2010 at 04:11
941帖子
Sorry if i'm being to talkative, but bored...

Just to clarify the above:

Level 1 - I police trades, happens daily that i need to stop something out

Level 2 - Positions, made up of the trades, about every 2 weeks I get on the wrong side of something

Level 3 - The system - made up from positions, trades can fail all they want to, but a consecutive failure of positions to me means my system is failing. Hasn't happened yet.

bizWiz
Jan 05 2010 at 12:58
397帖子

cateful posted:
    
Just as John Maynard Keynes once said, 'in the long run we're all dead'.
I don't believe a 'system' could ever beat the market in the long run. It's pointless to define the success of a system by its longevity. Market is dynamic, what worked in 1998 may not work in 2010, what will work in 2010 probably had lost money from 2005 to 2009.



i agree.

Sleep is for the weak.
bizWiz
Jan 05 2010 at 13:02
397帖子
Elkart posted:
 The system - made up from positions, trades can fail all they want to, but a consecutive failure of positions to me means my system is failing. Hasn't happened yet.


ok i see you have a similar mindset to me.

i guess your failure criteria applies to your unique trading system. so you're saying you didn't had any consecutive losses (or not enough to indicate a system's failure)?

i wonder what's the best approach after you've developed a successful system? keep improving it? or try to create a totally new one? or maybe both?

Sleep is for the weak.
Elkart
Elkart
Jan 05 2010 at 22:12
941帖子
I'll never stop fiddling. It's in the blood now. But I'd rather take my current system to other instruments, gold, oil, cfd's....

PipCollector
Jan 06 2010 at 10:16
92帖子
Elkart, for how long have you been developing your system? Are you trading it with your own money or do you have investors?

Patience is a virtue.
Elkart
Elkart
Jan 06 2010 at 12:20
941帖子
We put down our first line of code 2004 and yes to both. But no retail clients. I'm not a front office guy and I don't want a thousand bosses.

I just want to sit on a mountain or something and count my pips. And when the pips are thin, I look at the flowers, the goats and maybe if I'm lucky Heidi (who should be 30 at this point) streaks by in the nude. I want a simple life...

Elkart
Elkart
Jan 06 2010 at 13:05
941帖子
And I still dive offshore on rigs. I guess that will have to stop soon.

bizWiz
Jan 06 2010 at 19:42
397帖子

Elkart posted:
    And I still dive offshore on rigs. I guess that will have to stop soon.


is it as fun as it sounds? it definitely sounds better then saying you're a forex trader.. 😄

how deep do you dive?

Sleep is for the weak.
Elkart
Elkart
Jan 07 2010 at 00:13
941帖子
Fun is not a word I'd use in that context. But it does keep me grounded and in shape. Lost 6kg's in Saudi in 6 weeks...!!

After about 60m or so it becomes cheaper to run SAT divers, so I don't go much deeper than that, and even there you're on a different gas mix, not good for the body. Bone necrosis and so on a real danger when breathing heliox.

Sat divers have worked up to 600m's.

Elkart
Elkart
Jan 07 2010 at 06:30
941帖子
Think about this though, at 200 m's takes 8 days to bring you back to surface, at 600 m's take about 24 days to get back to surface.

One of our divers shot himself in the eye with a bungy cord at about 100m's, by the time they got him back to surface to get medical attention the eye had died. He lost it.

In 2007 alone in the Gulf of Mexico they had 7 fatalities. I worked there that year after Katrina. Was my worst and best year. We lost a guy on my boat as well. Some would call it a accident, I think it was nothing short of a murder for profit. All that counted was getting the job done. At any cost.

That boat, was the first time in my life where I refused to work. I told the guy in charge he can and do what he wanted me to do himself. My family expected me to come back home with arms.

The work can be very dangerous and off late I had a few close shaves now. Ran out of air in Taiwan. Had a human failure in the system. Some twat hadn't done his checks properly and I ended up carrying the can for it at 30m's. That was not fun. If you stay you drown, if you go you bend. I really didn't enjoy that.

So with the fx going well, and a big deal on the table, I think my retirement is imminent.

My plan is one last trip to Sri Lanka end of this month for 60 days, after that Africa to go drive my car for a change and then Bali to go for a surf.

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