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the art of leverage as i see it


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the art of leverage as i see it

  #21 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
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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 [AUTOLINK]Leeson[/AUTOLINK] - Wikipedia, the free encyclopedia
Jérôme Kerviel - Wikipedia, the free encyclopedia

Can I be more explicit?

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  #22 (permalink)
 creekboy 
phl pa. usa
 
Experience: Advanced
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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)
 creekboy 
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)
 creekboy 
phl pa. usa
 
Experience: Advanced
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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)
 creekboy 
phl pa. usa
 
Experience: Advanced
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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)
 creekboy 
phl pa. usa
 
Experience: Advanced
Platform: tos
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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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 Big Mike 
Manta, Ecuador
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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?

B) What are the top five problem areas you have identified as a result of regularly posting in this journal?

C) Were you initially reluctant to start this trading journal? If yes, why?

D) How do you feel, overall, about your journaling experience?

E) Would you recommend to others that they should also start a trading journal?

Thank you for taking the time to answer my questions. I appreciate your posts, and I hope you have benefited from your journal. I also know that others will benefit as well, just by reading about your own experiences.

Enjoy your weekend,
Mike

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  #28 (permalink)
 creekboy 
phl pa. usa
 
Experience: Advanced
Platform: tos
Trading: es
Posts: 1,126 since Mar 2012
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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)
 creekboy 
phl pa. usa
 
Experience: Advanced
Platform: tos
Trading: es
Posts: 1,126 since Mar 2012
Thanks Given: 106
Thanks Received: 347

decided to short 1407.75 with no add-ins at this time

will reduce @ 1398.50 area

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  #30 (permalink)
 creekboy 
phl pa. usa
 
Experience: Advanced
Platform: tos
Trading: es
Posts: 1,126 since Mar 2012
Thanks Given: 106
Thanks Received: 347


flat on trade -trailer hit 1403

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Last Updated on August 7, 2012


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