peterkto

3 ms·

1. 1.▲
   by peterkto 12y ago

   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 no sharp dips. My sharpe ratio at my firm (calculated a
2. 2.▲
   by peterkto 12y ago

   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 I'll stick around.
3. 3.▲
   by peterkto 12y ago

   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 tell when you get unlucky, like when you get aces
4. 4.▲
   by peterkto 12y ago

   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 traders lose money), but traders who find a c
5. 5.▲
   by peterkto 12y ago

   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 a must. If an extremely specific pattern continues to
6. 6.▲
   by peterkto 12y ago

   Here's Part II! http://ptotrading.blogspot.com/2014/11/the-day-i-lost-sht-to...
7. 7.▲
   The Day I Lost a Sh*t-ton of Money, Part II (trading/stock Market)(ptotrading.blogspot.com)

   40 points by peterkto 12y ago|18 comments
8. 8.▲
   Response to HackerNews comments on my trading(ptotrading.blogspot.com)

   84 points by peterkto 12y ago|32 comments
9. 9.▲
   by peterkto 12y ago

   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 all enjoy. http://ptotrading.blogspot.com&#x2F
10. 10.▲
    by peterkto 12y ago

    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 movie), etc. In these situations there was so much size bei
11. 11.▲
    by peterkto 12y ago

    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 situation where I could have controlled it and I didn&#x27
12. 12.▲
    by peterkto 12y ago

    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, which is already very rare, i
13. 13.▲
    by peterkto 12y ago

    Just for clarity, the loss in question occurred March 2014.
14. 14.▲
    by peterkto 12y ago

    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 probability expert but after studying poker theory and r
15. 15.▲
    by peterkto 12y ago

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