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Risk of Ruin


Discussion in Psychology and Money Management

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Risk of Ruin
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   #141 (permalink)
 kevinkdog  is a Vendor
 
 
Posts: 3,505 since Jul 2012
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ridingthewav View Post
Would there be a practical application of this approach for position sizing to trading stocks, not futures?

For example, modifying the Risk Adjusted Optimal F spreadsheet to incorporate an Entry, Stop Loss, Take Profit Price on a single trade, where the calculation of those represents the Average Win/Average Loss (per share)?

Also, I'm a bit confused as to the commission "Points" how does this translate into dollar value per trade? Is it representative of a percentage of the trade eg 1pt = 1%? And same question as to slippage, does points represent percentage?

I am not sure who developed that tool, but they would be the person to ask. I did not develop it.

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   #142 (permalink)
 Freedom303 
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Thanks a lot for interesting discussions and work on excel..please see below an interesting paper on experiment in this direction.. enjoy reading🙂

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   #143 (permalink)
 SMCJB 
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Freedom303 View Post
please see below an interesting paper on experiment in this direction.. enjoy reading🙂

WOW. Amazed that finance students/professionals would perform that badly. Love the conclusions.

Probably good reading for most traders. Unfortunately trade sizing is really a function of probability/statistics, which is often something many are not good at.

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   #144 (permalink)
 Freedom303 
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Stuttgart, BW, Germany
 
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Posts: 12 since Oct 2022
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Yes i find it more interesting that.. sometimes we trade just out of boredom..our brain seeks action and dopamine.. excitement of being right and anger of being wrong.. both🙂, so i am doing since months an experiment .. take crazy and wild trades on TV and more measured moves on NT Sim in parallel..its working so far but interesting would be when i will switch to NT Live🙂 lets see ..however excel here in the thread was an eyeopener .. u can only bet x% for saying long in game.. its about staying long .. focusing on process, results will be a side effect..( easier said than done lol)
What an opportunity trading presents to us to look inside our mind.. all spaces .. glad to have it🙂

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