"Scaling out" is inferior behavior

[Buy1Sell2]

Quote from fearless9:

Your Op had a very narrow reference (too narrow IMO) and now you are working outside it in order to justify yourself.

???
I am certainly not working outside of it to justify myself. The premise is exactly the same. It's simple math. What I am passing on is the result of years of experience, not just theory. Thanks.

 

[Buy1Sell2]

Quote from smilingsynic:

Hindsight is 20/20.

If it had gone to 1150 and then B1S2 got out at 1200, then covering at 1255 would have appeared unwise.

Shoulda, woulda, coulda.

Thanks SS. This is exactly right. --

 

[Thunderdog]

Quote from Thunderdog:

Very well. After holding court for so long in this thread, would you care to share some performance statistics? You know, the "rubber meets the road" part.

Quote from Buy1Sell2:

I have listed it elsewhere on ET. Suffice it to say, that it is profitable utilizing less trades than a scaler would use.

Quote from Thunderdog:

Care to furnish us with a link? Seeing as how you engage in very few trades, surely you can spare a few moments to find it. Consider the credibility it would add to your case among those posters in this thread who doubt your one-size-fits-all logic.

Still waiting. How surprising...

 

[smilingsynic]

Quote from Thunderdog:

Still waiting. How surprising...

B1S2 and I disagree on many topics, including drawdown, and some of his positions I would describe as a bit dogmatic, but he is a nice enough guy.

According to him, his return last year was north of 80% (90 something, I think). Not that it is my business, nor anyone else's.

 

[smilingsynic]

Quote from smilingsynic:

B1S2 and I disagree on many topics, including drawdown, and some of his positions I would describe as a bit dogmatic, but he is a nice enough guy.

According to him, his return last year was north of 80% (90 something, I think). Not that it is my business, nor anyone else's.

http://www.elitetrader.com/vb/showthread.php?s=&postid=1752107#post1752107

 

[fearless9]

Quote from smilingsynic:

According to him, his return last year was north of 80% (90 something, I think). Not that it is my business, nor anyone else's.

Hi SS,
Can you explain this please....80%+ of what.

regards
f9

 

[Buy1Sell2]

I actually don't see where my returns are germane to the discussion here. They would have to be compared to someone taking the exact same signals/trades and scaling out as opposed to my not scaling out. This is where the discussion is aimed at. Not a one upmanship contest between myself and someone daytrading all day every day etc etc. My yearly return is irrelevant here as we are discussing a very simple math equation--. Thanks though SS!

 

[taowave]

Quote from Thunderdog:

Still waiting. How surprising...

At this point I would settle for one simulation clearly demonstrating that full liquidation is superior to scaling..

With that said,I ask the OP if he places any value on risk adjusted returns(volatility adjusted),and has indeed looked at them vs absolute return.

I think NOT

 

[Buy1Sell2]

Quote from taowave:

At this point I would settle for one simulation clearly demonstrating that full liquidation is superior to scaling..

With that said,I ask the OP if he places any value on risk adjusted returns(volatility adjusted),and has indeed looked at them vs absolute return.

I think NOT

Volatility adds to the calculation of how large your position should be ie how large your stop is determines position size so as to not exceed the 2 percent of TLNW. Once position size is determined, then the full position for your stop can be initiated. Very simple, but accurate and effective.

 

[Buy1Sell2]

Quote from Buy1Sell2:

I actually don't see where my returns are germane to the discussion here. They would have to be compared to someone taking the exact same signals/trades and scaling out as opposed to my not scaling out. This is where the discussion is aimed at. Not a one upmanship contest between myself and someone daytrading all day every day etc etc. My yearly return is irrelevant here as we are discussing a very simple math equation--. Thanks though SS!

The Germans have nothing to do with it.