Yes, what I mean is that using 20:1 leverage on say one stcok, means you will be wiped out with just a 5% adverse move. As for splitting it into multiple positions, I said my method calls for just a few ideas a day, so I cannot make use of all that buying power.
ok but its not necessary you go to 20-1. you could vary depending on the stock,volatility, target etc. All I'm saying is that if you keep the same $ amount of risk per point move in the stock(say buying 25% account in GS options would keep your risk at $15K per trade and you could achieve the same $15K per trade by levering your account by say 5-1), using the underlying will save you fortunes
You have done a great job, Neke....keep it up. When things were bleak earlier I thought that if you got a 50% return you would have been successful in your trading. Keep trading through the end of the year as long as you are happy and secure in your method. Best wishes.
I laugh when people start getting philosophical. Just keep doing what you are doing, it's working obviously. Keep the risk and bet size in check like you have been, and everything is going to work out according to the statistical probabilities. Keep going, and forget all this talk about giving it back or stop trading. To infinity and beyond! Seriously, you are one of the few that have made this kind of return. So why all of a sudden start listen to pikers throwing their ideas around?
i only wish... i expected a drop but the the magnitude of it caught me totally off guard. still in shock...