Position sizing
- Thread starter Trish
- Start date
Quote from mschey:
Thanks...I don't make claims....I am one of the few who do versus the many who claim!
Hey if you are a 7 figure trader more power to you buddy. If not you are just the like everybody else maybe a bit better. Bottom line is trading is much easier when you are properly capitalized. And everyone that has made it in trading has taken a Huge loss. I dont know of anyone that hasn't. Good luck to you, Im not going to get into a cyber pissing match with you.
ahh...those new york and chicago boys are just lesbians trapped in a mans body
What are you taling about....a trader who makes low 6 figures every year, is a good trader. A trader who makes mid 6 figures is a great trader. Especially if they are doing it trading there own money.
If you manage 20 million and earn 100k, it's a rather pathetic performance. A trader running a 50 or 100k account and managing to make 200k on that is a great trader. A trader who takes a 50k account and makes 300k by the end of the year deserves hall of fame recognition, IMO!
We'll see what this year hold in another four months. Next year, I am considering entering the World Cup trading championship. It will depend on how well my systems perform in the next few months. If I feel I have an edge, I'm going to go for the title.
Then we'll see how valid money management is trading a small account!
What are you questioning? Whether you make 6 figs or 7, isnt the goal to keep pushing the envelope. I assume you are using your own money and not some hedge fund manager, so I dont know where you came up with that. Its always more impressive to create your own wealth thru your own money. There is a feeling of satisfaction that you get compared to those who have handed everything to them. Good luck to you.
Isn't being a trader more than an ego thing. The ability to produce a yield compared to drawdown is where the skill is.
Isn't the "game" the ability to apply skill to exposing as little risk to the highest yield. A ratio so to speak?
who cares how much money and who's it is?
I find OPM to pay just 5% on a bigger number to manage...this is why I prefer my own money without the politics...I can make enough for my lifetime.
Michael B.
Position sizing the way most retail traders apply it does not produce what I am talking about above. I have resolved for myself, the only valid use of using position size to better the yield and drawdown ratio, is to rank the trade set up using "market related" reasoning.
Isn't the "game" the ability to apply skill to exposing as little risk to the highest yield. A ratio so to speak?
who cares how much money and who's it is?
I find OPM to pay just 5% on a bigger number to manage...this is why I prefer my own money without the politics...I can make enough for my lifetime.
Michael B.
Position sizing the way most retail traders apply it does not produce what I am talking about above. I have resolved for myself, the only valid use of using position size to better the yield and drawdown ratio, is to rank the trade set up using "market related" reasoning.