Viewing profile — peterkto

I don't have a number for my personal account trading but I suspect it would be pretty solid... my equity curve is basically a 45 degree slope from bottom left to upper right with …

Nah. I've made made multiples in net profits against this loss and I'm net positive 80% of the time. It's still my personal best year despite the loss. It's a nice living. I think …

1) There's always some element of luck involved. After all, I can't control everything that happens. I played poker before trading. There are similarities and differences. You can …

I have my own theories on why "following others" adds efficiency to the market. It's a losing strategy if applied on every situation with zero context obviously (which is why most …

It's an empirical process. The results themselves are what you use to construct an idea of probability and risk-reward. Nothing is ever certain which is why position size rules are…

Here's Part II! http://ptotrading.blogspot.com/2014/11/the-day-i-lost-sht-to...

Hey guys! Thanks again for all the interest. Since this site was responsible for more than 90% of my traffic, I thought I'd address some of the comments in this thread. Hope you al…

I just can't stay out of the debate no matter how much I try to. I am as well-rehearsed in financial history as anyone. I have read about LTCM, Nick Leeson (I even watched the movi…

I'm wrong all the time and lose money all the time. The big difference here is I let one get away from me instead of keeping it small/manageable like I always do. It was a situatio…

I suppose you're right and that's why I wrote "virtually zero" and not "no chance whatsoever". Not only does significant breaking news have to happen while you are in the position,…

Just for clarity, the loss in question occurred March 2014.

Hey Jbuzbee, This is what I thought as well when I was initially introduced to the idea of technical analysis and day trading. I was very skeptical. I don't want to call myself a p…

Wow. I just saw my pageview count go up like a rocketship and saw that HN was the reason why. Kinda cool.