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the art of leverage as i see it


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the art of leverage as i see it

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  #21 (permalink)
Market Wizard
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creekboy View Post
fat tail -dont be upset that the pattern worked - i called the be short under 1395.50 -we hit 1395.25 and it fell - its no big deal - its a different ball game scaling out of big lots -if you read back you will see how they are scaled into also - please dont be upset -as you dont even know how this is being done -what if this is being accomplished through 6 different accounts and this is the accumlative effort-please keep watch on this -also what would you feel would be a nice profit on this system?
also what do you feel acceptable risk is for trades of this size?
p.s-i believe in free press -you will not be banned by me -i see your positive signs under your name -just be fair and dont bully me-thats all i ask-good luck in your trading

These guys used a similar strategy as yours. They are both famous now.

Nick Leeson - Wikipedia, the free encyclopedia
Jérôme Kerviel - Wikipedia, the free encyclopedia

Can I be more explicit?

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  #22 (permalink)
phl pa. usa
 
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fat tail - as you saw in the overnight action -i called my next entry too close at 1419.50 -with the overnight high being 1419.75 -

got a few scrapes added to the short do to overnight light volume -

ave is 1413.33 -have reduced for 2 points on all but 81 of 1129 cons- about 100k profit -now the action right now is has changed my pattern


81 con @ 1413.25 ave
adding 648 con @ 1421.25 ave approx 1420.25(729con)
adding 5832 con @ 1429.25 ave approx 1428.25(6561con)


again sorry for calling the overnight high so surgically

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  #23 (permalink)
phl pa. usa
 
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flattened all 81 shorts @ 1395 for now to see what sets up 79k profit

but the big stupid was the 1048 shorts i dumped at 2 points -if i would have let them run it would have been 800k at the same level -but there are always more trades coming-

flat for now

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  #24 (permalink)
phl pa. usa
 
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long setup -

1-con @ 98.75
5-added @ 87.25( total 6)
30 added @ 81.50(total 36)
180 added @ 76 (total 216)

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  #25 (permalink)
phl pa. usa
 
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trade hooked quicker than expected- had 1388.16 ave on 6 cons -will exit at 1398.75 for 10.5 points or darn close and try for another setup

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  #26 (permalink)
phl pa. usa
 
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decided to short 1407.75 with no add-ins at this time

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  #27 (permalink)
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Congratulations on your journal!



In the spirit of our March Trading Journal contest, I am asking everyone to spend a few minutes and share their journaling experience.

A) What are the top five benefits you have seen as a result of regularly posting in this journal?

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  #28 (permalink)
phl pa. usa
 
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big Dawg -here is my best response-

A- 1-seeing the evil that is inside of all of us when it comes to wanting to be correct-

2-long term affect of posting calls in adavance for good quality moves

3-that there are more than 1 way to catch a fox -its not 1 way that works for all

4-systems of the past that have succeeded or failed can be more atributed to successful or poor timing

5-happy to find this site to do this

B- 1- not enough constructive verbage from others

2- my serious lack of computer knowledge -when it come to posting screen shots

3- my lack of interest in putting the time in to learn these things

4/5 unknown at this time

C- no -tried on another site in the past -and was up over 200% in just a few weeks and the post was disrupted
by a jackle -

D- i plan to continue -as with several different trading styles that i use -the calls can be quite different each 20 day period or so

E- FEAR of public failure is the #1 reason why most dont in my opinion -and thats the #1 reason they should -a journal forces you to slow down -just check the grammer and punctuation in this journal and you can see i suck at english -heck i am typing with 1 finger for goodness sake -you have no idea how many words my wife helped me spill fir dis pust --also as we near the birthday of the the worlds best trading teacher - Mr Loof Lirpa from germany -who has taught me more than anyone else about the trading world -happy birthday tommorrow -i use your spirit in every trade i call

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  #29 (permalink)
phl pa. usa
 
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decided to short 1407.75 with no add-ins at this time

will reduce @ 1398.50 area

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  #30 (permalink)
phl pa. usa
 
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flat on trade -trailer hit 1403

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August 7, 2012


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