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Position sizing and successful trading.
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Position sizing and successful trading.

  #11 (permalink)
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deaddog View Post
If one tick makes a significant difference you are probably under capitalized for the market you are trading.

You missed the point ...


Last edited by Thxo; September 29th, 2014 at 08:19 AM.
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  #12 (permalink)
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i am not sure if position sizing strategies that worth taking

can be found in such books....

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  #13 (permalink)
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kernel View Post
It is not always the case. Try to manage confidently 50 lots position for some slight drawdown and you will see how every pip fluctuate your mental state..

If that is the case then you have not accepted the risk.
You can not win every trade. Your position size should define the risk you are willing to take.

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
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  #14 (permalink)
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Thxo View Post
You missed the point ...

I must have.
What was the point?

It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
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  #15 (permalink)
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Just tidying up the loose ends

Well like my decision to not start a journal here I have also decided to cancel this thread as well as any future participation or membership here.
I was hoping for a little more involvement from what I was to understand to be an experienced group of traders here, apparently I misunderstood.

QUOTE
goiter33 i am not sure if position sizing strategies that worth taking can be found in such books....
goitter, I believe you could probably benefit the most.

QUOTE
Deaddog....If one tick makes a significant difference you are probably under capitalized for the market you are trading.
Did I say anything about capitalization?

QUOTE
BigMike.... I believe the point is if one pip causes mental distress, you are way, way, WAY over leveraged.
Did I say anything about mental distress?

Apparently you both missed the point.......
First it is trading FX at Oanda and the ability to trade fractional position size like that lets you fine tune your compounded fractional risk management and profits to the pip. You can not do that with futures, you have to use a somewhat more crude form of compounding to achieve an improved smoother equity curve.

Anyway, best of trading to you all...... And as deaddog's signature states..... "When I'm wrong, I'm gone..... So I'm not wrong long.

So..... I'm gone.

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  #16 (permalink)
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johnedoe View Post
QUOTE
BigMike.... I believe the point is if one pip causes mental distress, you are way, way, WAY over leveraged.
Did I say anything about mental distress?

Apparently you both missed the point.......

As my post indicates, my reply was towards @kernel.


Quoting 
Well like my decision to not start a journal here I have also decided to cancel this thread as well as any future participation or membership here.

Sure thing, I'll help you find the door. Definitely don't want anyone here who doesn't want to be!

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  #17 (permalink)
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lol ... well ... that escalated quickly.

Head up and keep your stick on the ice!
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  #18 (permalink)
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Fritzk View Post
lol ... well ... that escalated quickly.

I'll take part of the responsibility for the escalation. When I see someone post a message that basically says they don't want to be here, then I just assume ban them and move on instead of have them linger and create drama. In this case it's simply a "nip in the bud".

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #19 (permalink)
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oh well

I can understand that one tick, in the instance of a scalper who trades very large size, might give them as much of an emotional response as the same proportion of loss equidistant from their stop a day trader or swing trader might encounter if a trade goes against them. But even saying that, every trade should be traded in a size proportionate to the account that it doesn't make one uneasy. Maybe there was just a misunderstanding here, who knows, but letting it get to someone's head violates the rule of giving other people too much thought.


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  #20 (permalink)
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lol @BigMike,

On our orchard my brother and I were running a few years ago. We had some hippys that were working for us picking cherries that weren't very inspired. So my brother asked me to give them a peptalk. I go and listen to them (they are suffering the effects of last nights hangover) and listen to them talk about how they want to change the world by inventing a perpetual motion machine.

I basically told them they should never give up on following their dreams. Anyways they seemed much more cheerful so I left to check on other stuff.

That evening I found out from my brother they came to him right after I talked to them and asked for their check. When He asked why they told him that I had fired them to go follow their dreams!

After that our standard response to all pickers was - if you dont want to be here we dont want you here either!

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