ES Journal Archive (2006 - 2008)

apex82 · May 17, 2007

Quote from mbusch:

If you pull that off, it will be the all-time champion of risk-reward.

I notice your holding for a larger target than usual....?

mbusch · May 17, 2007

Quote from apex82:

I notice your holding for a larger target than usual....?

Just trying to learn from the master, my master.

You wrote the roadmap on this trade. I'm just trying to follow it (and with no GPS).

[So of course, it if doesn't pan out, it's all your fault!]

apex82 · May 17, 2007

I cant make the market do what I want.... all I can do is manage my risk.. that is the best edge there is.

mbusch · May 17, 2007

Quote from apex82:

I cant make the market do what I want.... all I can do is manage my risk.. that is the best edge there is.

Well, there were obviously some bears who hadn't read your posts...but I think they've finally expended all their ammo, and with any luck at all it'll be up from here. Big selling climas at 10:45 EDT.

Sponger · May 17, 2007

If you don't mind answering, I would like to know if you (meaning anyone who is a regular poster to this thread) are:

1) an independent trader working from home
2) an independent trader working at a prop shop
3) an independent trader who is also managing accounts
3) working as a trader at a firm

Just curious as to everyone's background, thanks for the responses!

apex82 · May 17, 2007

Quote from Sponger:

If you don't mind answering, I would like to know if you (meaning anyone who is a regular poster to this thread) are:

1) an independent trader working from home
2) an independent trader working at a prop shop
3) an independent trader who is also managing accounts
3) working as a trader at a firm

Just curious as to everyone's background, thanks for the responses!

#3

wave · May 17, 2007

apex, what's your max margin to equity ratio?

wave · May 17, 2007

that is something you should know of off the top of your head if managing accounts. Number one question asked by top hedge fund managers.

apex82 · May 17, 2007

Quote from wave:

apex, what's your max margin to equity ratio?

I dont look at in terms of margin. I use net/DD. The managed accounts are a pool of money.

wave · May 17, 2007

Quote from apex82:

I dont look at in terms of margin. I use net/DD. The managed accounts are a pool of money.

That tells you what happened after it has happend. Smart investors and top hedge fund risk managers want to know what could happen before it happens. You always gotta know your what-ifs before not after they occur. If you want to manage your risk and stay in business you better know your ratios and what-ifs. Just spewing what I was taught from those that manage billions of dollars.