So, if you find your system profitable, I take it that those positions that did not "come back" are not enough of a loss to dent your gains enough, which is of course a personal comfort decision, that you are concerned about further performance or cost of opportunities lost. Therefore, wondering if you've ever looked into your maximum adverse excursion of your losers vs gainers?
Cutting losses is for losers
- Thread starter mrmarket
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Quote from TM_Direct:
HOW MANY SHARES???????
Right now you could be up $1000!!!...or up $100. ( yawn) not including commission...
TM...you keep asking this question and I'll answer it in 2 parts:
#1. My net worth, or anyone else's for that matter, is nobody's business.
#2. The absolute dollar amount of a trade really only matters as it relates to a percentage of someone's net worth thus determining someone's risk tolerance. For example, some of usmight think a $500,000 position is rather hefty and be watching the tape til our eyes fall out of our heads and be guzzling Maalox, whereas to others it might be chump change.
Similarly, someone with a $2,000 position could have his life savings tied up in one stock and that person will be experiencing the same risk phenomenon.
Hope that helps.
MM has answered us about his net worth and capitalization. any number of people here can comment on that.
I don;t want you net worth....ask any trader on ET how many shares they typically trade and they always answer it...let's be realistic....I know your name, your bench, your stocks portfolio, your wife, kids, life story, ect.....but you won;t divulge how many shares you trade on a typical pick??????
Quote from bobcathy1:
Inandlong,
I can't believe this discussion is still current.
IMHO>>>>I think MrMarket is just kidding and everyone is taking him seriously.
Cutting losses for losers? Give me a break.
Put this in jokes where it belongs.
Now, you wouldn't want to de-trivialize the Trading Forum, would you?
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