I'm not really looking to lose weigh just have a healthier lifestyle.
Bacon and eggs for breakfast, salad for lunch and meat and veggies for supper. I have managed to lose a couple pounds a week. Wasn't really that much overweight 5' 10" 180 lbs; now at 168 lbs.
I gave up sugar and grains.
Each position has a 1% risk. If I'm holding 5 positions my total risk is 5% of my capital.
If capital is 100k then I could have 5 positions with initial value of 20k. Calculated risk on each position is 1k or 1% of total capital.
The topic is trading is easy. Hard to argue with that. A couple mouse click and you are in or out of a position. Easy!!
Now trading profitably is a different story.
As I've stated in other Edge Threads
The best definition I have heard;
Edge = being able to see something in the market in time to be able to exploit it.
Exact opposite for me; I'm a chicken. When wining or losing doesn't matter, trading becomes so much easier.
A mechanical system with a defined risk (I'll risk 1% of capital on a trade) and a strategy with a proven edge, allows one to fearlessly make trades, knowing in the long run the system...
Bought and read the book. Not a bad book, pretty basic but for a beginner would suffice.
You are the first person I have seen who has recommended O'Neil's "How to make money in stocks". It's the book I would recommend to any novice investor.
If so then it would be difficult to quantify your risk.
As a trader I want to be able to define my risk so that can rationalize, in my mind at least, if the reward is worth the risk.
A coin flip for a couple bucks is a risk I would take but I wouldn't flip a coin for my entire portfolio...
Why not? Golf like trading is a game where you strive to continually improve. It's not costing me anything to follow the thread. If I get to the point that the thread becomes a waste of my time I'll quit following it.
When you say 250 carry is the ball rolling out much?
Are you in a part of the country that allows you to play all year. Golf is done for the year in the frozen north. I'll head for Arizona in a month or so.
I've mentioned this in other threads;
Search the internet for information on why traders fail; then don't do any of that stuff.
Take the time to develop a well thought out trading plan, and follow the plan.
Search the internet for information on why traders fail; some claim that over 90% manage to do that; then don't do any of that stuff.
Take the time to develop a well thought out trading plan, and follow the plan.
You can't buy trading success; everything you need to know you can find online.