The myth of letting your winners run

[volpri]

Alright alright, if you insist, I will start my little trading Journal next week, with specific buy/sell entry price, stop and all.

There, happy now, Mister "I make good money scalping the market every day while planting zucchinis in my garden" ?
Have a pleasant weekend my friend.

PS: You truly trade from Honduras?

Make it happen Eastwood. Show charts too. That would be great.

For years I lived in Honduras. Now back and forth. Many friends there. Believe it or not I introduced okra and butterbeans to the country back in the 80’s. I don’t think they had ever heard of either before then. Now okra is quite common.

Back in the day, many moons ago, I somehow traded with a laptop while in the mountains of Honduras drilling water wells. I don’t remember just how I managed to hook up my laptop but I traded stocks via level 2 using money net for level2 quotes.

https://moneynet.atlassian.net/wiki/spaces/reference/pages/125239302/Components

It was hilarious to be drilling a water well and trading in the rural mountains of Honduras. Without any electricity!

You too have a good weekend.

 

[KCalhoun]

I let these winners run, too bad I neglected to scale up

 

[Tradex]

Back in the day, many moons ago, I somehow traded with a laptop while in the mountains of Honduras drilling water wells.

WOW, trading with level 2 quotes from some mountain in South America while drilling water wells, you really take your trading seriously Indiana Jones !

 

[Tradex]

I let these winners run, too bad I neglected to scale up

View attachment 229957

Don't worry, you will get them next time!

 

[savoir]

I let these winners run, too bad I neglected to scale up

Those are shockingly small sizes for a trading guru. 2 shares of a $50 ETF? 5 shares of a $16 stock? You made hardly any money on those trades. What is the point of showing off these holdings? Obviously you will use the percentage gains for marketing purposes, along the same line as your "trading millions" claim. You ought to be embarrassed really if you had more sense.

 

[KCalhoun]

Those are shockingly small sizes for a trading guru. 2 shares of a $50 ETF? 5 shares of a $16 stock? You made hardly any money on those trades. What is the point of showing off these holdings? Obviously you will use the percentage gains for marketing purposes, along the same line as your "trading millions" claim. You ought to be embarrassed really if you had more sense.

The reason I traded small was because it was a small account challenge I did for myself as a test. My goal last fall was to see if I could double an under-2k account.

I did, due mainly to swingtrading a few shares of TVIX. The reason for tiny size was simply because it was a small account. So instead of attacking me for no good reason, you could apologize and congratulate me on getting fantastic percent gains.

My purpose for sharing my screencap here is obviously not for marketing, the sizes are tiny and if anything gets the opposite, troll posts from unkind people. The purpose is to demonstrate percent gains from letting winners run, the thread topic. Sheesh

I am not a guru, I am a student of the markets and always will be. #truth

 

[savoir]

The reason I traded small was because it was a small account challenge I did for myself as a test. My goal last fall was to see if I could double an under-2k account.

I did, due mainly to swingtrading a few shares of TVIX. The reason for tiny size was simply because it was a small account. So instead of attacking me for no good reason, you could apologize and congratulate me on getting fantastic percent gains.

If you feel attacked by someone pointing out the obvious, that is your own problem. These little account challenges amount to not much more than paper trading.

You do deserve congratulations, however. You have managed to successfully turn your trading hobby into a full-fledged business of selling trading education. That must not be easy to maintain with all the competition out there.

Instead of messing around with these $2,000 accounts, why not challenge yourself to double a $100,000 account in 3 quarters and show that off? It shouldn't be too scary for you since you have income from your day job. Isn't this the dream you are selling to your students anyway?

To deny your marketing yourself as a guru is disingenuous.

 

[deaddog]

My purpose for sharing my screencap here is obviously not for marketing, the sizes are tiny and if anything gets the opposite, troll posts from unkind people. The purpose is to demonstrate percent gains from letting winners run, the thread topic. Sheesh

I am not a guru, I am a student of the markets and always will be. #truth

Why not show the whole blotter. Let's see the bottom where the losing trades reside.

 

[Tradex]

I

Instead of messing around with these $2,000 accounts, why not challenge yourself to double a $100,000 account in 3 quarters and show that off?
.

Doubling a $2000 account is the same thing than doubling a $100K account or a 1 mil account.

However, I believe that the idea here is to show that the average (small) trader with 2K in his account can double his money, as most traders do not have $100K to trade with and will not be able to relate to his challenge with that much starting capital.

 

[savoir]

Doubling a $2000 account is the same thing than doubling a $100K account or a 1 mil account.

***

Are you naturally this stupid or did you have to work at it?

Why not go the other way then: It's the same thing as doubling a $2 account or a 25 cent account.