What part of positon sizing model do you question. I say to take no more than 2% risk on average. I said 5k per contract means you can average a stop of 5 points. You disagree with this? My performance this month was not outstanding. I like to average 15-20 points a week and this month I will fall short of that, next month I will likely beat that average. Trading is a marathon not a sprint for me. I took 1 loss this month that was out of the ordinary and that seemed to set this entire debate going. That was a fluke and was not repeated. What risk do you feel is appropriate? AllenZ
Allen, I personally hope you will continue your journal. I find it interesting the only thread on the entire ET board Fluid has decided to post on is this one...clearly somebody with a hidden agenda and my guess is a rival chat room service. I imagine if 3i or Chris posted their journals they would get the same type of negative posts.
" imagine if 3i or Chris posted their journals they would get the same type of negative posts." Allen I have reason to believe that Fluid is actuall 3i looking to drive your index members over to his stock trading room. Beware. ps I'm going to keep "defending" you until you post the last couple days trades so I can see what you guys have been thinking of the markets. Post them soon, your reputation won't survive much more of my defending. Say hi to everyone for me.
Is it possible to start a thread and allow replies by permission only? Perhaps allowing the thread author to moderate? It seems the the ankle-bitters always trash the threads at some point. I hope Allen sticks with it. ~EC
Or a read-only thread option, and then you can PM the thread starter with questions/remarks and he can answer publicly if need be.
That is a great idea.....less work for moderators ( cleaning up) and for the readers ( dont have to sift thru the fighting to get to the actual subject)....
-- very rarely do I laugh out loud at a post -- this one was an exception!! Is this Bhodie character for real?? Too funny -dog
This thread started pretty well (thanks Allen!) but has deteriorated a lot over the past few days. Yes, there were some strong statements made that maybe should have been kept private. However, I feel that the root cause is that we have not hashed out what would make a good track record-related thread. For example, and get ready to pounce, some of you, my track record is very good. I trade the ES exclusively and have hardly had a losing day in many months, not a losing week during that period. But why would I post my trades? Yes, I would love to get some feedback and help other traders, but is that enough to make me take the plunge? These pages can get very cold, quite fast. How? Judging from experience, no doubt a number of my fellow etite board members will attack my sincerity, let alone my motives - and, of course, my parental lineage will also soon be in doubt. Is there something we can all do to make such a type of thread (and related posts) more successful around here? What I mean is that we do not yet have a set of basic ideas, guidelines, frameworks that would make such a thread useful, and enjoyable, not to mention safe for the initiator, the one willing to get the discussion going and expose their successes and failures. For example, a basic rule that brainstorming sessions have is that we let the participants say what they want freely, and after that "critiques" are allowed (within reason) but never "criticisms." Ideas can be critiqued, but the contributors should never be criticized - without their contributions there would have been no brainstorming session. Can we get any fresh ideas on this subject? Post away!