A 70k bet that I can't make a 50% gain in 2009
- Thread starter geez
- Start date
The P/L is with commission added in. I think you may have misread.... My commission is $7 each way, so if I take a $200 loss add in $7 for the buy and $7 for the sell=$14 commission...a total of $214 loss...not $244.
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I was addressing it on a percentage basis.
If you do 100 trades and comm. are $700 and your net profit is
$2800 the cost was 25%
As an old retired builder the botton line was always inportant to me and how much it cost to get there.
By the way your bottom line is great
CHEERS
john
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I was addressing it on a percentage basis.
If you do 100 trades and comm. are $700 and your net profit is
$2800 the cost was 25%
As an old retired builder the botton line was always inportant to me and how much it cost to get there.
By the way your bottom line is great
CHEERSjohn
Geez,
Can you comment on your money management in terms of the total outlay for each trade?
Below are the 5 trades that I observed from your posting:
Symbol L/S Total funds/margin committed
AAPL Long $82116
BAC Long $34375
SLB Short $29420
SPY Long $113292
SWN Short $45350
I would appreciate it if you could comment on why on some trades you committed more than others. What would the P/L look like if your committed funds are in similar total for each trade?
Can you comment on your money management in terms of the total outlay for each trade?
Below are the 5 trades that I observed from your posting:
Symbol L/S Total funds/margin committed
AAPL Long $82116
BAC Long $34375
SLB Short $29420
SPY Long $113292
SWN Short $45350
I would appreciate it if you could comment on why on some trades you committed more than others. What would the P/L look like if your committed funds are in similar total for each trade?
FH,
Just to give you a quick answer since Geez is prolly doing something fun and semi-legal about now.
Geez is risking $200 per trade, based on his stop point, regardless of the amount of money invested in the trade itself. That is his money/risk management strategy.
So whether he buys 10,000 or 100,000 the most he is putting at risk is $200. It's never how much you have in the trade that counts, but rather how much you actually have at risk.