Famous expectancy quotes or proverbs?

Discussion in 'Risk Management' started by WillWhite, Nov 16, 2014.

  1. Sergio77

    Sergio77

    Maybe only for a while intuit non strationarity kicks in.
     
    #11     Nov 21, 2014

  2. Man's greatest enemy in speculation is “Hope”.

    W. D. Gann
     
    #12     Nov 22, 2014
  3. Johno1

    Johno1

    " Don't cast your pearls before swine" seems to be the philosphy of most people who post on here.lol
    Your first paragraph just about covers it.
    Cheers John
     
    #13     Nov 23, 2014
  4. Visaria

    Visaria

    Does running big profits on a few trades necessarily cover the small losses of numerous trades?
     
    #14     Dec 2, 2014
  5. loyek590

    loyek590

    not necessarily, but it's a real bitch trying to wrack up enough small profits to cover that one large loss which trended harder and stronger than anybody in their right mind ever thought it could

    "A few trades"? I should be so lucky, You mean more like "One Trade."

    You can feel good most of the time or only once in a great while, the choice is entirely yours

    I've made mine, you gotta make yours

    small losses? Yes, that's all I ever do is take small losses. They become very pesky, it seems like there is no end to them. On a bad night I hang my head in shame and think, "There is no way I can make up all these small loses, it will take some kind of giant move just to get me whole again."
     
    Last edited: Dec 2, 2014
    #15     Dec 2, 2014
  6. drcha

    drcha

    Interesting book I read a few years ago:

    [​IMG]

    I am going to greatly gloss over and simplify what's in the book--please forgive that, but do consider reading it if you have an interest. The book is about directional trading. You may think you do not know direction. But his premise is: yes, you do. You know that, over time, the US stock market goes up. That's your edge. The strategy he describes is: select some long term trades (for example, long IWM) and then leverage them using options or futures, putting the same trades on over and over, through thick and thin. He spends a lot of time discussing margin and how not to blow up--sizing is much more important than the actual underlying you pick.

    It's not too hard to imagine that you can improve on this simple method by staggering your trades in terms of time and using some very simple technical analysis to choose optimum underlyings for market conditions.
     
    Last edited by a moderator: Dec 17, 2014
    #16     Dec 11, 2014