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Do you scale out of positions?
You do not have permission to vote on this poll. |
| I always scale out |
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103 |
14.09% |
| I scale out most of the time |
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205 |
28.04% |
| Most of the time, I do not scale out |
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179 |
24.49% |
| I never scale out |
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244 |
33.38% |
| Total: |
731 votes |
100% |
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AbebeBikila
Registered: Oct 2011
Posts: 5 |
10-05-11 02:43 PM
I have a system that never scales out. It is a 100% win system. It trades once every 100 years.
I have another system that always scales out 1/2 very quickly after entry. It is a 45% winning system that produces 2.5-1 size of winners over losers, and trades 25 times per week.
I know which system is inferior. The inferior never scale out system of mine is very similar to Buy1Sell2's system, but inferior to my other system and many others, it is still and always will be, superior to his.
I won an olympic marathon gold medal twice, the first time I did it barefoot. So I'm superior too.
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Pekelo
Registered: Aug 2005
Posts: 8938 |
10-05-11 09:19 PM
Slight correction after today's rally....
Quote from Pekelo:
c/ From +120 to +70 (currently 70 pts unrealized gain)
c/ From +120 to +50 (currently only 50 pts unrealized gain)
That is giving back 65% or so on a huge unrealized gain...
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Buy1Sell2
Registered: Jan 2006
Posts: 8117 |
10-05-11 10:38 PM
What you have here are folks missing the point of the discussion. It's not about which system is better. It's about making a system, once chosen, more profitable or less costly. We can discuss how I could have reloaded several times, but if that was the system that I was using, then I would have been more profitable removing the entire position and reloading, not part of the position and reloading. Nitro would have been more profitable, unto himself , doing that instead of scaling. 
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Pekelo
Registered: Aug 2005
Posts: 8938 |
10-10-11 10:44 PM
Since both positions are closed, we can declare a winner...
Quote from Pekelo:
So far I haven't jumped into this debate, but since we have now practical testing results, we might as well do a real life comparison, instead of just theoretical chit-chat.
1. Nitro scaled into the short 3 times from between 1186 and 1220. He got out of that position with 42, 76 and 139 pts of gain, overall a 85 pts profit on the full position.
2. B1S2 went short at 1190, full position.
B1S2 closed out finally the short today for a minoscule 10+ pts gain, after giving back 90+% of the unrealized gains...
Overall he gave back 80 + 90 + 110 = 280 pts unrealized gains.
Nitro 85 pts vs. B1S2 10 pts (you decide)
As I said earlier, doesn't matter which strategy you use, it eventually requires some short of timing. But if you REALLY can't time the market, just scale in and out...
Now can we put this thread to rest???
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Buy1Sell2
Registered: Jan 2006
Posts: 8117 |
10-11-11 01:22 PM
Once again the point is being missed. It's about Nitro versus Nitro and Buy1Sell2 against Buy1Sell2. It's not about Nitro versus Buy1Sell2.
By the by, my trade netted 129 points.
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