Do you have less than 5 years trading experience … then you need to talk with me

[Overnight]

Thanks, but as I said in my post I was unable to send PM’s as a brand new forum member.

It looks like the forum gods have since bestowed that ability on me. That was fast

Yeah, see how it works? Sometimes they festoon you, and sometimes they spank you. I got another spanking yesterday. Whoospie! But it is all for the good of the empire.

 

[volpri]

Yeah, see how it works? Sometimes they festoon you, and sometimes they spank you. I got another spanking yesterday. Whoospie! But it is all for the good of the empire.

Was it deserved?

 

[Overnight]

Was it deserved?

Yes. I erred based on the TOS. And I have been given a lot of slack recently. But that is what is cool about ET. The powers that be are human, and use subjective judgment. I like that.

 

[KCOJ]

Is that your picture in your profile?

Nope, that’s my son

Beautiful, professional post.

Wow, very kind, thankyou

I think OP is Michael Covel

Hilarious

the lack of controlling risk and not having a well thought out plan that is executed as planned when trading is responsible for most traders demise.

Couldn’t agree more … wise words

Do you trade the mini or micro pickle futures?

Looking for the humour here but not quite getting it

How do you think about win % rates, avg win/avg loss ratios and trade frequency?

Not so much, as there’s a huge variance in these metrics depending on strategy type, so I’m normally more focused on some measure of risk adjusted returns

Over the past 20 years what has been your CAROR and Sharpe?

My long term Sharpe normally resides somewhere between 1 and 1.5, but that’s been helped a lot due to some very good performance over the last 4-5 years. In fact I’d be happy with anything over about 0.7. That said I have some serious reservations about using Sharpe as a performance measure and I’m not aware of the CAROR measure that you refer to.

One request before I read any more. Can you post a few charts with trades marked by the platform, on something like a 1 minute chart, where the entry and exit is clear?

I don’t use charts for trading and not so sure how a few charts with entries and exits helps influence your decision to keep reading

I don't get it, you want to help and share ideas but don't want to do it on open forum?

This ET forum seems like a good place to do what you have in mind - I would be suspicious of someone looking to corral newer traders to them.

I understand and can appreciate these comments. Agree that ET can be an excellent forum for sharing ideas. I guess I’m looking to offer something a little different over a longer period of time and feel that I can offer more assistance via a series of one-on-one conversations but I do like your analogy of corralling new traders, implying that I’m herding lambs to the slaughter

However I can assure you that there is no such nefarious intent on my part. As mentioned earlier this is a genuine offer to help in a manner that seems to be appreciated judging by the number of pm’s I’ve already received.

But you’re right, I think people need to tread carefully, and consider with caution any advice received.

 

[Seaweed]

I don’t use charts for trading and not so sure how a few charts with entries and exits helps influence your decision to keep reading

By seeing a sample of trades, both winners and losers, along with what happened to price between the entry and exit, tells you very much about the trader. Your intro about yourself sounded very nice, but its all just words unfortunately. Its important to know what kind of a trader you are first before anyone invests any time into learning what you do.

 

[lindq]

Hi Everyone. I would be grateful for your feedback on a trading issue.

I'm returning to trading after a long break. I'm anticipating bear markets in the US and other key markets so my strategy is to use a combination of buying put options and shorting stocks. All of these strategies benefit from an overall downward market direction. I'm using Dr Alexander Elder's "The New Sell and Sell Short" Chapter 7 (2nd edition) to pick stocks to short. He gives a step by step method in that chapter and his reputation, 30 year track record and associations with people like Robert Kiyosaki (Rich Dad, Poor Dad) are excellent.

My strategy is to start by trading put options first (I know people believe in virtual "paper" trading for a couple of months when trying out a new trading strategy). I anticipate some gains and losses as part of the experience of learning a new strategy as a trader. Losses with options are limited to the cost of the option premium. As I get better at it, I will move to shorting stocks. Making mistakes on put options are not as bad as making mistakes shorting stocks. The financial consequences of shorting stocks and "getting the trade wrong" are much worse because the losses are potentially unlimited! Clearly the potential gains are significant which is why I'll be using this bear market strategy.

Does anyone else have any experience of moving from trading put options to shorting stocks- How easily did your successes in put option trading translate into profits in shorting stocks? Do you think you can use the same strategy for finding "good" profitable put option to trade as you can for finding good stocks to short?

Your post tells me that you need to learn a lot more about options before putting money on the line. Unless you have a killer strategy or crystal ball, you will be looking at consistent losses buying puts. Or shorting the underlying. If you MUST proceed, trade single contracts to learn for yourself why it is generally a very weak strategy.

 

[Nobert]

By 2005 I had a fairly solid track record and was encouraged by an investment bank to have my past performance audited and then set up a hedge fund business, with the bank as a minority shareholder and begin trading on behalf of institutional clients alongside my own funds.

What is the, likelihood , of that happening, these days ?

(if yes, then)
What kind of returns, per annum, retailer should generate ?

And how big of portfolio, of his own , he should have ?

Thank you.

 

[zazzi1]

KCOJ - dropped you a private note. Thanks.

 

[rogersjd14]

I also messaged you privately...I think lol

 

[Investor0227]

Hello Sir, I did send you a message. I hope you can receive it. I am very thankful if you can reply to me. Thank you so very much for your kindness.