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What do these guys sell?

Got it, thanks.

You are assuming my that the entire amount is invested across the 8 stocks. And you make a good point. But that won’t happen, in this kind of market I’ll always have a lot of cash and a few positions on at most, at any time. I don’t intend to trade as much as I hsve been, for now

correct

use my example to explain that. I used my example to point out that smallfil was misunderstanding the 8% factor

i understand that. I’ve used QID (QQQ X 2 inverse) for very short term inverse and I’ve used PSQ for longer holds (no leverage so no drift from compounding)

Apologies if I’m wrong, but you can see why I might think that, not knowing you, correct? I will take you up on the offer, now that I got your reaction. I’ll direct message you when I have something I’m looking at. How’s that?

I think your math is off. say I have 100k capital committed to trading. I invest $10,000 in a stock with a max loss of 8%. My loss is reached and I lose 800. If I do that 7 times, I lose $5600, or 5.6% of my capital. Also, 8% is an absolute max, I generally don’t let a trade get anywhere near...

Thanks for your thoughts. I do think there is more to come, not sure about a crash. But if the market went down 50% FROM HERE, at 25% invested, I could handle it, as I have a ton of cash (70% of my liquid assets) in cash, another 5% in bonds. It wouldn’t affect my life. I’m actually sort of...

i thought strategy building is what this is. I’d move it but there are too many replies

Very curious to know your basis for this. Any hard evidence, technical,or fundamental? Or is it just a gut feeling? I’m not concerned as overall I have a small 25% of my total assets in equities, much lower than I’ve ever been. But I’m curious as to your rationale.

Thanks for the offer. First nothing I’m looking at specifically, second, no disrespect, really, but , what’s your motivation, nothing is free lol. Third, it’ll just confuse me.

W well, no, that would be a new trader, who doesn’t go short, doesn’t have a need for cash flow all the time, is trying to learn not to go against the trend, and is working on being more disciplined. And is long only. Am I the first trader in history that is long only? Doubtful. but whatever...

Nah I don’t short. Just not my thing. Being a non professional trader I have the luxury of just sitting on my hands when necessary. something I find hard to do but know I need to work on

Thanks easymon. I found this….. https://chartyourtrade.com/position-size-calculator/

Trailing stops and scale out. I have found I don’t love hard initial targets. Since I’ll probably focus on position trading I’d want to let profits run

Thanks for the feedback. i don’t think I have the ability to add ribbon indicators on Think or Swim, but I’ll check. But even without, it’s easy enough as I have the EMA’s on my charts as default. Re 10% I think you misunderstand, when I say max 10% of capital at risk, I mean total of max losses...

I started developing a written set of rules, which i am posting in a separate thread, here.... https://www.elitetrader.com/et/threads/time-to-get-trading-rules-into-place.367407/

1. trade only ETFs, sector, industry and index 2. Do not open positions in any ETF in a down trend 3. Never Open a position under the 50 and 200 day EMA 4. Never open a position when the 50 day is below the 200 day EMA 5. Risk no more than 2% of total capital on 1 position 6. Have no more than...

Began trading and trackig April 19th, so as of end of May, 6 weeks - 13 positions initiated and closed out 7 wins 6 losses Average win $838 Average loss $613 Net gain (Not including open positions) $1720. Not sure what to take from this data. What i do know is 1. i have a lack of discipline...