Quote from volente_00:
As long as one's win rate is 50% with a 1 to 1 r:r then it is still more profitable to trade a larger position. Change it to 3:1 and the win rate can be far less than 50%.
Quote from JSSPMK:
How about this situation?
Let's talk about you, you position trade 25 contracts on the basis of "all in & all out", you admitted that you do not know where an optimal get out point is, just like most simply can't know where it is. So you are out for +80 points, because your trailing stop got hit. But what if you traded your usual 25 contracts plus an additional I don't know, say extra 5 contracts which you would not have closed when your trailing stop got hit, but kept them till the price has done one of the 2:
1) Reached your entry ie brake evens on 5 contracts;
2) Price offered you another 80 points.
I know that you would probably say that you would have re-entered with 25 contracts, yet, in my case life is not that perfect
Quote from JSSPMK:
How about this situation?
Let's talk about you, you position trade 25 contracts on the basis of "all in & all out", you admitted that you do not know where an optimal get out point is, just like most simply can't know where it is. So you are out for +80 points, because your trailing stop got hit. But what if you traded your usual 25 contracts plus an additional I don't know, say extra 5 contracts which you would not have closed when your trailing stop got hit, but kept them till the price has done one of the 2:
1) Reached your entry ie brake evens on 5 contracts;
2) Price offered you another 80 points.
I know that you would probably say that you would have re-entered with 25 contracts, yet, in my case life is not that perfect
i'm assuming that in 06/07 b1s2 had a lot less cash , and scaling in and out was necessary, where as now riding it for 60-100 points while moving stops is more profitable, assuming you dont ned to withdraw from your acctQuote from OddTrader:
Being a new convert, would you change mind sometime later?
http://www.elitetrader.com/vb/showthread.php?s=&threadid=64098&perpage=40&pagenumber=24
QUOTE
Posted by Buy1Sell2 on 04-05-06 09:48 AM:
I will be shorting the 126 calls tomorrow-- I will scale in.
Posted by Buy1Sell2 on 04-06-06 12:41 AM:
I began the scale in selling of OTM 126 calls in GECM6 today. If prices rise, I will be scaling in also at higher strikes in increasing numbers.
Posted by Buy1Sell2 on 04-28-06 01:51 AM:
I began the scale in of short 128 calls today.
Posted by Buy1Sell2 on 04-28-06 11:07 PM:
I will just continue the scale in of higher strike short calls. This is where I make most of my money generally-- I am never in full on the first short sale and I give plenty of room for adding positions.
Posted by Buy1Sell2 on 04-12-07 11:59 PM:
Research of my trades over the last 12 years (I have not had time to backtest the rest of the years) has revealed that on one individual trade I may have done better by averaging or scaling in, but longterm I would have been much more successful by entering the whole position at once. Reason being, that I did not have full position on from time to time when big moves occurred. --Also, stops are always determined on the charts so the stop is always at the same area. I just use correct position sizing to avoid losing more than 2 percent of liquid net worth.
UNQUOTE
Quote from Buy1Sell2:
No Volente-- I gave more back by not exiting the whole position at a higher level where you think I should have scaled out. I exited the whole position at a lower level. Scalers would have pulled the plug at 10 pts, 20 pts etc. They would not have started scaling at 100 pts anyway. Let's get real--
