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That's precisely the point as you are no one else has any idea what the methodology is. It's silly at best to say I'm going long here, short here, my stop is here without explaining a premise. Otherwise, its appears to be just a big guessing game.

So what is your premise and logic for a stop at 1343? Do you have a specifc reason for 1343? After losing 76 points thus far why not put your stop above the 50 day MA which is approximately 1362 give or take and usually, at least the first time presents farily good resistance. DMartin

Buy1Sell2: I don’t think you understand the academic or practical understanding of “drawdown.” Let me refer you to Trading Risk by Kenneth L. Grant, Bachelor of Science in Economics and Mathematics from the University of Wisconsin, and MA in Economics from the Columbia University and...

Try Palo Alto California where I live. Great weather, close to the coast, San Francisco just 35 miles north--hard to beat.

What the hell is this goofy rule of 10?

Apex: What is symbol on wheat?

Buy er2 690.5 with stop at 689.5 and 689.7

That's true whether you run the ball or throw the ball. The more you do either one the chances of something bad happening increases. The point is mute. The issue is whether one has an edge. Even with an edge you won't always win. Homeruns Buy1Sell2--what is it and when did you hit it?

I don't think so. In the superbowl if Manning had thrown 1 or 2 passes versus 19 for 30 the Giants would have lost. If you limit yourself to just a few trades you've got to have an extremely high percentage rate of wins--say 90-100%.

You keep talking about a homerun--could you please explain what a homerun is in terms of your trading? If it's not 200-250 points what is it? 500, 1000 points--how many times have you hit the homerun and when did you do it?

Mixing your Trading Account up with your TLNW has no merit at all. If your trading account is 20% of your TLNW (as you’ve stated) what happens if you blow out your trading account risking 10% per trade (as you’ve previously stated) in your trading account? When you risk 10% per trade in...

You had a 200 point gain a couple of weeks ago (you said you sold around 1488). Now your gain is 100 points. That 200 point gain was right before the Fed's lowered which most traders knew was coming. Why you didn't take some off the table is goofy at best. You probably have a full time job...

He's got a point Buy1Sell2. You give back so much profit in hope's of the ultimate homerun--whatever that is. 1260 was a great support level and why you didn't take at least some profit is noteworthy to say the least. Are you waiting for the market to go down to 800, 700, 600, 500, 400, etc...

Put me on ignore!

So let me see if I have this straight. For example, let’s say your trading account is $200,000 and your TLNW (I suppose is total net worth) is $1,000,000. You will risk $20,000 of your trading account? That seems like a fairly risky trade. A clarification of what TLNW is would help.

You achieved 92% gain for the year and seem to imply that wasn’t really that good. Interesting notion from my experience. One more question concerning never risking more than 2% on any trade. As you stated you went short at 1417 with a stop of 1517. That means if you have an account of...

Thank you--you answered my question. In addition, if we go down to 1317 and you make 2% (100 points) that is not very good money at least from my perspective. And really, how many times in a year does one make 100 points on a trade?

Buy1Sell2: By the way--if 200 points is only a stand up triple there were no homeruns made on the S&P in 2007.

I was under the impression you "always" stated to never risk more than 2%. Are you saying you risked more than 2%

Buy1Sell2: Still didn't answer my question. If your short from 1417 with a stop at 1517 (which is your stated 2% maximum loss) and we reach 1317 is that 2% gain for you a home run? DMartin