competition

Discussion in 'Professional Trading' started by wwatson1, Aug 16, 2015.

  1. Well leverage is relative, you can only trade within your means
     
    #11     Aug 16, 2015
  2. kut2k2

    kut2k2

    Perhaps (near)optimal position sizing will help.

    A New Kelly Formula
     
    #12     Aug 16, 2015
  3. [QUOTEmartingale?, post: 4164349, member: 36252"]Perhaps (near)optimal position sizing will help.

    A New Kelly Formula[/QUOTE]
    I don't have a problem with trading strategy
     
    #13     Aug 16, 2015
  4. kut2k2

    kut2k2

    So you're already using near-optimal position sizing?
     
    #14     Aug 16, 2015
  5. kut2k2

    kut2k2

    Found this old post of yours:

    "Your trading to much size, u should be risking only 1-5% of your capital on any given trade"

    But what if the math says your optimal position size is closer to 10%? Or higher? Then that's just money you're leaving on the table, dude.

    Leverage is dangerous. Using (near)optimal position size is merely prudent.
     
    #15     Aug 16, 2015
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  6. Bringing up my old posts doesn't really achieve anything as I've moved on
     
    #16     Aug 16, 2015
  7. kut2k2

    kut2k2

    So you're already using near-optimal position sizing?
     
    #17     Aug 16, 2015
  8. I use leverage, trade sometimes with about %30 of my total account
     
    #18     Aug 17, 2015
  9. wrbtrader

    wrbtrader

    As stated by someone else...patience is all you need.

    Another solution is get a job during your none trading hours and then use that income to plug back into available trading capital. Also, you can sell high value items (e.g. eBay) you can go without for awhile and then use the funds to increase your trading capital.

    The latter above someone here at ET did just that and raised and additional £10k.
     
    #19     Aug 17, 2015
  10. In that case, you can ask Mike Ashley. I'm sure he won't mind promoting a fellow jordie. Besides, it'll only be chump change for him :p:D
     
    #20     Aug 17, 2015
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