I'm fine. Check yourself lately.??
You are Ok, SunTrader...?
You aware of the success, or rather lack of success, of most hedge funds over time that strive for optimal max risk / min volatility?
Results are what matters.
Help with Risk Reward
- Thread starter jennywestwong
- Start date
You aware of the success, or rather lack of success, of most hedge funds over time that strive for optimal max risk / min volatility?
Results are what matters.
Your getting warmer, just backwards engineer your trades with risk-to-reward of 10:1 & your on the way.
Tips: Take a partial profit like a quarter or third of the position when you have a decent profit - move the stop to break-even & let the rest run if its acting right meaning shallow pull backs than another thrust in your direction.
Move the stop up once its far away from the entry, allow for plenty of wiggle room it needs to rinse out the weak before the next leg.
Play for the 5-20% of trades that are large winners this is doing what most all retail traders hate with the lower win rates.
This trader was written about in the WSJ, he takes trades with asymmetrical reward-to-risk. An interesting read for sure.
https://zenandtheartoftrading.com/blog/kristjan-kullamagi-is-a-loser/
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Yes, because most hedge/mutual funds have no intention of beating any freaking equity index (like the S&P 500 for instance), they just want to collect "management" fees (your money that is), period.
Studies have shown, over and over again, that a simple index fund can deliver much better results than these "experts".
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Moving the stop to breakeven when the trade is profitable is a powerful money management technique.
Unfortunately this concept has been largely neglected (if not ignored) in most trading books.
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Absolutely, for trend-followers more than 80% of their profits will come from 20% (or less) of their trades.
And like you said this is something that most traders cannot do, because they will always prefer to book a "sure" small profit than let their profits run.
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To determine if you should risk anything trading to gain reward, 1st take an intelligence test.
This was my result.
https://www.chroniclelive.co.uk/interactives/four-question-iq-test-can-14837705
You're really smart!
You smashed those questions, meaning that you're intelligent across the board! Your IQ score would be 130+, putting you in the "superior intelligence" category.
How did you score on this IQ test?
An IQ score over 140 indicates that you're a genius or nearly a genius, while 120 - 140 is classed as "very superior intelligence".
110 - 119 is "superior intelligence", while 90 - 109 is "normal or average intelligence". An IQ between 80 and 89 suggests "dullness", while a score of 70 to 79 is classed as "borderline deficiency".
This was my result.
https://www.chroniclelive.co.uk/interactives/four-question-iq-test-can-14837705
You're really smart!
You smashed those questions, meaning that you're intelligent across the board! Your IQ score would be 130+, putting you in the "superior intelligence" category.
How did you score on this IQ test?
An IQ score over 140 indicates that you're a genius or nearly a genius, while 120 - 140 is classed as "very superior intelligence".
110 - 119 is "superior intelligence", while 90 - 109 is "normal or average intelligence". An IQ between 80 and 89 suggests "dullness", while a score of 70 to 79 is classed as "borderline deficiency".
BTW Re IQ level, watched a video of a presentation for MSFT staff, where a presenter, can't remember his name now, has said that research showed that having high IQ isn't enough to succeed in life, during the test so many children with very high IQ scores, genius level, were then monitored throughout their lives, and in all the cases that they monitored, only the ones that came from 'good' families succeeded in life, the ones that either came from broken families or the ones that didn't believe in education and didn't encourage their child or didn't have the money to send them to a private school, didn't spend time or pay for someone to do this instead like private coaches/tutors, all of these children later failed in life (to clarify, failed to achieve greatness).
So in a perfect world, a higher IQ would be enough 'to make it' in life, of course to make it in trading takes less than to establish a very profitable high revenue engineering company, yet having high IQ isn't the only factor that is a requirement , FWIW.
So in a perfect world, a higher IQ would be enough 'to make it' in life, of course to make it in trading takes less than to establish a very profitable high revenue engineering company, yet having high IQ isn't the only factor that is a requirement , FWIW.
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Thank you Dustin,
This is the BEST post I seen on ET in months. You responded with results, no talking.
Simply remarkable. Well done sir