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Just to make it clear... I have been posting on this site for a few months now... and I have noticed a few things ... Almost every single person that opened a journal to daytrade was gone in a matter of weeks or months... just an interesting fact... Personally... all of my friends...

No.. but it just drives the point home.. assuming everything is random its the exit that makes the difference..

I am just getting annoyed by people making baseless claims on this board...

Totally bogus. There have been many systems published using a random entry or something simple like entering the first day of the month.. that were very net profitable because of sound exiting and position sizing...

I was once privelaged to look over some old accounts at a brokerage house. Around %10 of the traders actually made money. The reason why the others lost was mostly.. because of big losses and they sold way too early before a big move. Their failure has nothing to do with entry. Again.. I am...

I am assuming you are a day trader... Because this is a falacy. Personally, I think day trading is a bunch of BS... The remark you just made is typical of daytraders...

Are you trading your own money? You lost $30,000 of your own money today? I am a trend follower too.. I swing trade.. I dont day trade. I only trade in the direction of the trend.. I trade mostly individual stocks and t-bills.

Have you ever traded before... I am curious to hear about your success trading .. Anyone that trades... knows that this is simply not true. By the way I am a swing trader... --MIKE

I disagree... the exit is where the loss or gain is taken.. period. Entry is the easiest because you have full control.. once the position is on... the pressure arises and you no longer have full control.. The exit is what separates the top traders.. from the pikers. Ever hear the old...

I have been swing trading successfully for many years.. First of all... you need to have a position size strategy.. It looks like you are betting 100 shares across the board... That is not a good idea... Get Van Tharp's book.. and read it a few times over.. and you will learn how to position...

Thats nearly a 50 cent expectency which is usually very good. The question is.. whether you accounted for slippage/commisions... what type of drawdowns have you seen.. and whether this type of trading can actually be duplicated.. --MIKE

I will not continue to post on this thread w/ more of my opinion and beliefs because its really all about Dawg's trading. Maybe after a few more weeks/months... we can get a realisitic picture of how Dawg is really doing. Then we can analyze the results.. and make a fair judgement. Best of...

I simply dont believe in Jack's methods.. nor do I think they have a positive expectancy. I think Jack is a fraud.. with outrageous claims of making profits trading his methods... I honestly hope Dawg makes a million $ trading in this journal... but based on my experience... trading emini's...

Dawg.. nice day. Do you mind letting us now how many round turns you have done total in order to get those points... this way.. we can get a feel of the frequency of trades.. --MIKE

Last point... I have never met any successful traders that trade illiquid stocks that trade under $100,000 of value per a day. Just start a new system.. that uses liquid stocks instead. --MIKE

OK.. let me just give an example... Look at RCOT... the stock is trading around 30 cents and trades around 20,0000 shares a day. Do the math.. that means it trades around $6,000 worth a day. LOL You can not trade these kinds of stocks nor can you backtest them or paper trade them...

Your fills will be horrible in a fast market for an illiquid stock... have you ever traded before??? The spreads get very wide at times .. and the bids and ask jump around all over the place.. it can move up %5 and down %5 in a few seconds.... this is the reality... Yes the results will be...

Dawg.. just to put things into perspective... In the past 9 days you just moved around $42,000+ to make just under $1,000. And this is all before commisions. At this pace you will be doing %5 a month "before" commisions.. although I would give your system more time to perform and prove...

THe best feature I can think of regarding the % volatility model is.. If you are using very tight stops.. like a %1 stop...then the volatility % model wont necessarily allocate all you funds to one position... because the % risk model would allocate all funds to one position if the actual...

Anyone here position or swing trade using Van Tharp's percentage volatility position sizing model.... What do you think are the benefits of using such a type of position sizing strategy over the percentage risk model? --MIKE