Quote from Ken More:
Trading 20C NOW... traded less for a long time. I allocated most of my risk capital to Gold and Crude Oil and it paid off handsomely since '02. Now it is risk capital freed up for ES.
ES is the reason to get up in the morning and play the game. Just bought all new high powered computers($5k) with 30" monitors- can't do size with the puny 19"ers after all. LOL. Just found out the new computers don't use frontside bus.
NO indicators you would recognize. Simply a proprietary system that works for my style of low risk trading in any commodity from Lean Hogs to S&P. For example, I have never stayed in ES overnight or the big S&P before that, that I traded direct to the desk on the floor. I have never moved a stop loss once entered- never. I only trade about 200 days a year because many days are too risky for me. But I don't lose money. If I'm wrong I get stopped out. I never add to a losing position. Too many traders blow out like that.
Have you ever heard the expression " How do you make a small fortune in commodities?" The answer: "start with a large one" is misunderstood. Everybody laughs, Ha Ha. But what it really means is you NEED a lot of money to make money so you only risk 1-2% of capital. How many people do that? That's why I haven't increased the # 0f C until I was ready.
I believe there are many large traders who take the money from the one lot traders who don't treat it like a business. I get up at 5:30 everyday and spend 7 hours in front of the screen. If I leave my desk, even to go to the bathroom or make a cup of tea I take a laptop so I won't miss a trade.
