How much would you bet on this trade

Discussion in 'Risk Management' started by Ghost of Cutten, May 16, 2011.

  1. ==================
    GC
    Strange , but thought about your question for about 55 hours;
    5% is probably hi range but acceptable.

    Even if its 70% or 80% hit rate i aim for more/higher % than that;
    not that lots/lots of money hasnt been made with larger DD than that & much lower % hit rate.

    70% could not only mean more than 5 misses in a row[way to much for me]; monthly candles are quite useful- that could mean 30 months in a row wrong[30 months wrong out of 100]. Probably wouldnt be that bad.Also I am talking about trend trading when long & medium & some short term trends agree................................................................ 5 minutes is noise to me.:D

    murray tt;
    55 year old
    I average 20-50% hit/kill rate on 55mph gamebirds[20 %kill rate is average];
    almost always a trade miss , in my position trading means the medium trend has changed,stop trading till trend is correctly identified.:cool: Also i dont count a sideways trend as a miss;
    it is uptrending or downtrending
     
    #21     May 25, 2011