How did you get comfortable with growing size?

I use position sizing so that I risk the same dollar amount on every stock trade no matter what the stop distance and volatility is.

I am now raising my risk relative to my account. For every $1000 I accumulate I add $10 risk. It's slow but then I hardly even notice the increase and I am only adding size as I do well.

I also made hot keys so that I enter "Alt + 1" for a .10 stop and "Alt + 2" for a .15 stop etc. This way I don't pay so much attention to the size of my shares at entry which can subtly influence me to start looking at my intraday profit loss and begin the decline of my performance.

 

"How did you get comfortable with growing size?"

I get bigger boxers and pants, as well as Magnum XLs.

 

Hey Gerry,

The last few times you have enter threads and intentionally started mud slinging in your thirst to get Jack.

You are responsible for your own action regardless what Jack has done in the past elsewhere.

Simply, I recommend you actually make an attempt to answer the thread starter questions and leave the mud slinging aimed at others at the door.

You guys just can't stop the personal attacks even if your life depended upon it.

Last of all, can you please put Jack on ignore because Baron recently in the past has had a low tolerance for such and does take action once he starts getting complaints...

Thanks.

P.S. It just bothers me when such occurs in the threads I participate in.

I'm very close to contacting Baron about you.

Mark

 

mark,

i really have respect for your work on et.

but enough is enough - i don't see why think you have to defend someone else.

go and read the rednecks posts (of his at least 3 aliases) - and then come back and tell us how many threads he ruined with his absolutely inacceptable behaviour.

i suggest you become a moderator.

 

I'm not defending Jack nor do I have any associations with him.

Also, its nothing personal.

It just bothers me when such occurs (after my posts) in the threads I get involved in and looking to learn something or talk about something that's on topic.

In other words, if your doing this in other threads that I don't participate in...

It wouldn't bother me.



As for the moderator, I've been asked many times in the past and the answer is always NO due to a conflict of interest.

Yet, I would love to be a moderator for a month or so to clean up ET.



I do know Jack bothers you and his past actions with other traders has been problematic.

However, I think when it gets to this point or level...

It's time for you to put him on ignore and pretend he doesn't exist.

Mark

 

oh - great...

i would clean up too.

feel free to put me on ignore. my ignore list is empty - ever was.

do you know what bothers ME?...

when people that obviously have some sort of "syndrome" enter threads and start with the same endless story again and again and again - just because of their sick egotism - and most of the time WITHOUT any regard to the original topic.

guess who does this all the time?

but on et one can do that as long as traffic is created - quality is no longer an issue here...

 

Quite honestly Jack, who the hell cares about those things as long as that trader makes his 1 point day in and day out?

You did have a point with the risk of having a big sudden DD, but in my original hypothetical set up the trader didn't have. Also, maybe the trader looks at it this way: I started out small, so even if I blow a big account, I only lost a small amount really...'

Maybe the answer is somewhere in the middle, as the account grows withdrawing more and more, thus if the accout eventually blows, there was money/income taken out and the rest was just playmoney...

P.S.: There are strategies that don't require constant monitoring.

 

First of all, you have to have balls of steel and rock solid confidence in your strategy. But that is obvious.

However, to even get to the point where you have to consider the large sizes, you need to be diciplined to trade % of portfolio and risk % per trade to have a chance of reaching that point.

And at that point where you are trading size, you need to evaluate your size relative to the market. If you feel that you are still nimble and can execute your strategy with size, then you must stick to thinking in % and risk management per trade...the stuff that got you here.

But if your size is large enough that you feel uncomfortable, I think diversification would be the smart thing to do.

 

For the record, he has given you your answer here.

JJ

 

Which market wizard said you must think in % and not dollar amount if you want to get good in this game?