Recent content by Johno1

I agree with your observations although this doesn't necessarily mean that all the claims are false, just that the methods were not workable for either of us. I do almost entirely the opposite to what is enspoused on forums and consistently win, go figure. Cheers John

They are my ratios and returns, there is nothing in it for me to talk to you. I am impressed that your programs can beat the trade friction. Cheers John

You are correct surf, the reason that I know this is that I make a good living trading the indexes, if I can do it then so can others. On the odd time that I discuss my approach I have been howled down by the 97%, these days I don't waste my time. Usually, the blind are leading the blind. Cheers...

I would equate trading as similar to a mother bringing a new born home. The vast majority of the time it is doing it's own thing but you must be there all the time in order to attend to it's needs when they arise. Every trade is potentially a new lesson. As for learning from books ect, pretty...

Trying to trade if you don't know what you are doing can be extremely hard, when you know what you are doing it can be challenging , like an elite sportsman/woman you must constantly strive to stay at your peak. On another note, my sister describes my trading for a living as "living by my wits"...

Exactly, the only difference is that the real qualification is that you adhere to sound business practices in your decission making. I maintain my derivatives accounts at the level required to achieve my goals, income plus growth, and then invest my remaining capital elsewhere that is reasonably...

Comprehension deficit, you were very clear that you changed from a high stress/ big money lifestyle to one of more modest expectations. I've done much the same and life is good. Cheers John

You can use substantial leverage and still not be exposed to excessive risk, as always it is not what you do but rather how you do it. Cheers John

We are on the same page, people apply their own context to statements. And yes my hit rate is similar, but my drawdowns are probably larger at times, my market view gets me in and my market view gets me out not a percentage or dollar figure, and often I will do things that people would cring at...

This has the ring of truth, if you know what you are doing $100K+ is enough to make a reasonable living without having to take on too much risk, smaller trades more often, remember if you don't know what you are doing no amount will be enough. 10,20,50K accounts by their very nature stop you...

General, you have agreed with two opposite views in the same post. The real issue is expectancy. If you have earned 6-7 losers in a row yet your long term average is 2 winners out of 3 trades it would be crazy to reduce size. As for waiting for a turn before increasing size, if we knew where the...

As with everything it all depends on how you do something. If your plan dictates that you begin entering a part of your position as soon as the market moves into a specific zone and to then continue loading up the further it moves into the range, this should leave you with the best scenario...

Hmmm, strange logic. Cheers John

Well that has got to be good news for some of the people out there. Cheers John

Seriously, the longer Mario Dragi postured about QE the more the smart money would be positioning for it's eventual implementation. So of course over the last few months the big players would be adjusting their risk profiles, I have no doubt the the consequences for the SCB of a collapse in the...