"Scaling out" is inferior behavior

[Buy1Sell2]

Quote from Thunderdog:

Still at it, eh Izzy? Oh yeah, all-or-nothing is the preferred way to go in an environment of uncertainty. That's why I always run in the dark with scissors.

I didn't say anything about "all or nothing". In fact, that is exactly the opposite of my entire trading philosophy.

 

[Thunderdog]

Quote from Buy1Sell2:

I didn't say anything about "all or nothing". In fact, that is exactly the opposite of my entire trading philosophy.

Good. Then you will agree that scaling out is the antithesis of all-or-nothing behavior. Thanks for the clarification.

 

[vinc]

Quote from Thunderdog:

Still at it, eh Izzy? Oh yeah, all-or-nothing is the preferred way to go in an environment of uncertainty. That's why I always run in the dark with scissors.

I was wondering if such a thing as an envionment of certainty exists

 

[Thunderdog]

Quote from vinc:

I was wondering if such a thing as an envionment of certainty exists

Good point. However, few activities match the level of uncertainty associated with trading the financial markets.

 

[Optionpro007]

Quote from Thunderdog:

Good point. However, few activities match the level of uncertainty associated with trading the financial markets.

Thundy, you could try to learn from those who are consistently profitable.

The OP should also remember it took him 25 years to accept the premise.

Good trading to both of you.

 

[Thunderdog]

Quote from Optionpro007:

Thundy, you could try to learn from those who are consistently profitable...

I counted three implicit assumptions here. Have I missed any?

 

[Optionpro007]

Quote from Thunderdog:

I counted three implicit assumptions here. Have I missed any?

Your implicit assumption that the OP is incorrect? lol

I could be wrong of course, but my objective experience and your attitude tell me otherwise.

Either way, it's all good brother.

 

[volente_00]

Quote from Buy1Sell2:

All in --All Out continues to reap huge rewards for those who are utilizing it. For example, one who sold this last SP top and rode it all the way down would have been much more profitable than the scaredy cat who started with a position that was too large and took their profits at 1300. Scaling out is the result of emotion and not intellectual analysis.--Ishmael

Not exactly.


You =Scaredy cat who took 10 contracts from 1550 to 700.

Me = scaredy cat who started with a position that was too large and took their profits at 1300 on 40 contracts.



Or Me=scaredy cat who started with a position that was too large and took 1/4 his profits at 1300 on 40 contracts and the other 1/4s at 1100, 900 and 700.


What's so inferior about making more money in a shorter amount of time ?

 

[Buy1Sell2]

Quote from volente_00:

Not exactly.


You =Scaredy cat who took 10 contracts from 1550 to 700.

Me = scaredy cat who started with a position that was too large and took their profits at 1300 on 40 contracts.



Or Me=scaredy cat who started with a position that was too large and took 1/4 his profits at 1300 on 40 contracts and the other 1/4s at 1100, 900 and 700.


What's so inferior about making more money in a shorter amount of time ?

Please reread your post.

 

[Buy1Sell2]

Quote from Thunderdog:

Good. Then you will agree that scaling out is the antithesis of all-or-nothing behavior. Thanks for the clarification.

There has never been any mention of "all or nothing" by me. Both "all or nothing" and "scaling out" are inferior strategies.