Van Tharp's Position Sizing Game

Discussion in 'Risk Management' started by L943973, Sep 27, 2022.

  1. So you trade with Google charts, is that what you are saying? The reason I am asking is because I never knew that one could even trade with Google charts so this is news to me.
     
    Last edited: Sep 30, 2022
    #31     Sep 30, 2022
    murray t turtle likes this.
  2. Any basic line chart website will do for a trader.

    Today, for example, my hypothesis expectation premarket was a Flat/Dip Up day. I nailed that 9:50 to 11:30 move, because I was generally expecting it. I didn't anticipate or expect the overall market to end or dip downwards towards the remainder of the day. But oh well, no one can completely be a prophet.

    If you want to be a successful as a trader...you have to be your Own, independent, scientist and adventurer.....Throw out all of those Old Man, fake smart genius, Trader books from the 90's and 2000's that you have that is tarnishing your perspective.

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    Last edited: Sep 30, 2022
    #32     Sep 30, 2022
  3. Overnight

    Overnight

    Did you make any money on your beliefs? Show us the blotter. Otherwise, you are just another bag of hot air.

    I actually did it in sim, believe it or not, and I can post to you a very detailed sim blotter if you want. If you cannot even do that, and continue to just stand behind your Google charts, then God bless you. I think you are going to get hit by a rogue bus on the road.
     
    #33     Oct 1, 2022
  4. I actually do not have even one trading book. Amazing huh? So who do you trade options with?
     
    #34     Oct 4, 2022
  5. faust

    faust

    it's yer subparcap utility efficiency. I use btwn quarter to half % of total acct equity, while actually only risking up to a third of my cap utility (0.075-0.15%) to make 50 bps avg daily expectancy ROE daily (annualizes to 125%). ROI% per play is typically mid/high double - low triple digit, occasionally mid-high triple digit, rarely quadruple digit as nickel option goes to 50 cents-$1 for a 10-20 bagger.
     
    #35     Jan 6, 2024