A 70k bet that I can't make a 50% gain in 2009

Quote from Sam Morgan:

I
Puddles, a big shout out to you, for putting up the charts and your trades; we are learning a lot from this. You, it seems, have taken Geez's spot from last year. You still have a little ways to go, before you get to challenge Geez, but the way I see you are improving by the day, I have no doubt you will get there faster than we all think.
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Glad you're enjoying the journal. I keep this up to help with my discipline and execution (and it does!) but it's nice that others can take something from it.

For those who havn't figured it out. I post my daily summary on my blog ( http://puddles.humanfund.ca ). Each day gets it's own post with all stocks tagged. It gives me a nice searchable record of my trades and a nice tag cloud to show me the symbols I'm most active in. For anyone who cares to follow my trades, you can also add it to your RSS reader.
 
Quote from bozwood:

You're right; maybe I am underestimating the scalability. Is there much slippage with the $200 stop size?
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geez can comment on this for sure but the 2:1 ratio covers any sort of slippage you may incur. As long as you hit near 50% you will be very much in the money as long as the slippage is reasonable
 
Just wanted to say its great that you're able to stick to your plan and stop trading, this is probably one of the hardest thing I've been battling since I started trading. GL tom.
 
Quote from puddles:

geez can comment on this for sure but the 2:1 ratio covers any sort of slippage you may incur. As long as you hit near 50% you will be very much in the money as long as the slippage is reasonable
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Puddles brought this up just the other day. He noticed on the first page of the thread that I said I go for 1.8 to 1 ratio on my trading, but I go for 2 to 1 ratio on all trades.

I go for an ACTUAL r/r of 1.8 to 1....which means I sorta assume .02 slippage on my trades (since I am going for 2 to1). Some slippage is worse than others..I'm sure we all have a story or two regarding that, but this is how I have built in my own way to gauge slippage.

As for scaling up, I am still using a 200 max loss per trade this year and just last week crossed the +100k mark for the year. So I think you can make good money with just 200 risk. That being said I see no reason why this would not work the same risking , say 500 per trade as long as you play the high volume stocks (like we usually do).
Any other questions please include something about size and positions..this could get kinky!!!
 
10:18

SHORT WYNN 84.6
STOP 84.92
TGT 83.96

out -0.44 (vicious slippage)

really rushed into this trade because i was so tilted by the JPM trade.. dumb.
 
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