[TimothyStrickland]

Reason why I asked, I heard Nick talk about it in one of his videos. Can’t remember which one, he mentioned that the big traders that move billions of dollars are more interested in risk adjusted returns rather than big returns. Don’t quite understand how such a system can be developed but I figured I’d ask if someone else was doing it.

[TimothyStrickland]

Rob, the coding is challenging for me and I’m an engineer! However, my technical background I think helps me to learn the concepts faster than someone without them. I think its worth it to practice a little bit every week so we can avoid being rusty like you mentioned.

[TimothyStrickland]

Looks like the ASX Growth is carrying everyone else.

[TimothyStrickland]

Weekly update:

Trading status:

Overall I’m positive again as last week ended with some rallying and put my account a bit positive, for the most part I don’t watch the numbers anymore, I used to look at the account 5-6x per day, now I view it at the end of the day typically to see what profit/loss I made.

Course status:

I am really enjoying the coding piece of the course, not only learning AFL but I have started going through some MIT open course-ware to understand the logic behind coding. I see a lot of opportunity here in the trading realm so I am diving deeper into the subject. I am a veteran and have some GI bill funding left which I have thought about using to advance my understanding of programming. This is an unexpected turn. I feel as though I can use coding to both enhance my trading as well as my real estate business. My day job is system engineering so I am able to pick up the concepts rather quickly.

Happy Trading!

[TimothyStrickland]

Nice results there

[TimothyStrickland]

Welcome aboard Andrew. This course is unlike any other. I have taken many of them and dropped an embarrassing amount of money to learn how to trade only to find out that I was focusing on the Quantitative skills instead of what Nick tries to teach and in my opinion, vastly more important Qualitative skills. Building a system where we understand intimately the positive expectancy will go a LONG way to becoming profitable. I used to get out of trades early so I could hurry and take my profits while holding on to the losers, waiting for them to turn around. I didn’t understand positive expectancy or that in a 50% system, having 16 losers in a row would happen if I traded long enough and that 10-12 losers in a row was fairly common. typically, no one (until I found Nick) teaches this stuff and its a damn shame!

[TimothyStrickland]

Sorry for my ignorance guys, what does the MOC stand for? MR is mean reversion correct?

[TimothyStrickland]

Daniel, just going through your posts. Are you running a risk adjusted system? Seems less volatile and more consistent type of growth?

[TimothyStrickland]

Interesting, I will look this up. Need to read this

[TimothyStrickland]

End of the Month report:

US Aggressive: -3.69%
Forex Short Term Discretionary: +6.98%
US Original: +4.12%

The mismatch between Nick’s numbers and mine is because I seeded the account. I added 233% capital on top of what I was already using, unfortunately on July 16th which is right before we had the draw-down occur.

I am using less leverage for the US Original, used some of the capital mid month and transferred to US Aggressive.

[TimothyStrickland]

This week was somewhat bumpy as my account went from up 10% to down slightly for the month. This all part of trading so I am not too worried about it. Continuing to learn a lot about trading, studying charts and setups and almost finished with module 12 now in the mentor course. I believe module 13 will take awhile so that will be an accomplishment and will bring me about halfway done. I feel more familiar with the code as we go and learning new things has become a bit easier. Can’t wait to build my own system from scratch!

[TimothyStrickland]

Nice, yea I knew they were the largest hedge fund, just did not realize I could actually trade through them via a platform, good info there Len, thanks for sharing.

[TimothyStrickland]

Not quite that high Len, but that’s the first time I’ve heard them, I did not know it was a platform, just thought it was a hedge fund.

[TimothyStrickland]

Welcome Roberto, and happy trading!

[TimothyStrickland]

Thanks guys, good ideas here. I agree with you guys, IB is best for short term trades. I did some research and there just isn’t another broker out there as cheap on commissions as they are.

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