Position Sizing: How many of you Scale in & out?

Discussion in 'Risk Management' started by KCalhoun, May 30, 2022.

  1. LMFAO HAHAHAHAHAHAHAAHAHAHAHHAAH

    That is why we have to get rich. More time, more money, more women.
     
    #11     May 31, 2022
    KCalhoun likes this.
  2. 2rosy

    2rosy

    i like scaling in for investing/asset allocation. Commissions are zero
     
    #12     May 31, 2022
    SimpleMeLike likes this.
  3. %%
    GOOD Work.
    Or when you see something like the sign\Rind County watermelon festival ahead .
    Help yourself to some but obey the law\if you drink dont drive /do the watermelon craw l . T Bird &7 million hits \Water Melon Crawl .Have fun you all .
    OR if they take longer to run + have unfilled orders ina downtrend\ may just work[+ dont add to] the starting position................................................................................:caution::caution:
     
    #13     May 31, 2022
  4. %%
    ABOUT the same;
    except short term trading[day trades+ days] I like to aim @ more than $00.20 on Mondays anyway...............................................................................On a scale out it mainly exit 2 ETFs /with an ETF alone a scale out on one puts average cost higher on exits:caution::caution: 20 minutes till end of day/end of May looks like SPXL, SPY UPRO, SSO + QLD closes UP. Good bear rally+ SPXS daytrade
     
    #14     May 31, 2022
  5. savoir

    savoir

    Murray the turtle, I’m not quite understanding you.

    Day trading stocks is not the best way to spend your trading day. There are better instruments for intraday trading. That was my point.

    Notice I said nothing about Ken’s swing trading.

    If you derive your income from selling courses and services on day trading stocks, it’s understandable why you want to recommend it to others as a pursuit. The fish are attracted to day trading for some reason.

    It could be that to them the notion of “making a living” requires showing up at the same time each day and performing some actions within an allotted period of time. Intraday trading is blue collar work for sure.

    I agree with O’Neill. Don’t use leverage with stocks. Leverage is for people who are skilled. A skilled person does not follow exactly O’Neill’s CANSLIM method. He may not use it at all and has his own methods of stock selection and timing, and use of leverage.
     
    #15     May 31, 2022
    murray t turtle likes this.
  6. %%
    OK;
    i noticed your lack of swing trading remarks+ guessed you did not count KC's daytrade to swing trade ratio remarks[in his 1st post here].
    MANY newbies are attracted to daytrading\ thinking its a way to reduce risk+ get rich quick they're wrong l think. Even though its a good way to reduce risk in a bear market downtrend; but not get rich quick
    I'm using a white collar today, but only a few daytrades today ;+ i do usually wear a different color shirt.:D:D,:caution::caution::caution::caution::caution::caution:
     
    #16     May 31, 2022
    savoir likes this.
  7. savoir

    savoir

    No collar for me when I trade. My daily fashion standard is jeans and a t-shirt. Add a baseball cap for when I’m outside in the sun.
     
    #17     May 31, 2022
    murray t turtle likes this.
  8. KCalhoun

    KCalhoun

    I'm up nearly $800 today, nearly half from swingtrading, most from daytrading uvxy soxl.

    But I made thousands in live room sales the last few days :D
     
    #18     May 31, 2022
    murray t turtle likes this.
  9. This is very true.
    This is usually true.
     
    #19     May 31, 2022
    murray t turtle likes this.
  10. savoir

    savoir

    Keep reeling them in, Ken. No one should feel sorry for the fish you catch. If you don’t take their money, someone else will, right?

    And they have no basis to complain if they continue to suck. What do they expect? You’re not a miracle worker for Christ's sake.

    After all, you have your disclaimer that you make your income as an educator on page 1. Not even a blind bat can claim he didn’t see it.

    Could not be any plainer unless you tattoo it on your forehead. That would be absurd, of course. You do have a large forehead, Ken. But it’s a long-ass disclaimer. Not sure it would all fit.
     
    #20     May 31, 2022