Quite so. One should remain accessible for those pesky margin calls.Quote from marketsurfer:
The only <i>thing</i> on surf's christmas list this year:
The Surf Report
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to answer your question Tdog, which was inexplicitly deleted--
im not going to go into the details, but it's based on total account size and not on a per trade basis. yeah, this trade is terrible and a mistake, but it's still within my parameters of overall portfolio heat.
remember, it's being balanced by almost nailing of the top in OIL and still holding--just to mention one trade that has been documented on the surf report in near real time.
surf
im not going to go into the details, but it's based on total account size and not on a per trade basis. yeah, this trade is terrible and a mistake, but it's still within my parameters of overall portfolio heat.
remember, it's being balanced by almost nailing of the top in OIL and still holding--just to mention one trade that has been documented on the surf report in near real time.
surf
How can a trade that you yourself described as a terrible mistake remain "within your parameters?"
portfolio parameters, not trade parameters.
understand the difference?
So your "portfolio parameters" allow for the holding of terrible mistake trades? And what could possibly be the justification for continuing to hold on to a trade that you yourself described as a terrible mistake? Hope, perhaps?Quote from marketsurfer:
portfolio parameters, not trade parameters.
understand the difference?
Please answer.
Yes, I don't understand that either. Obviously MS refers to a bad entry, so does he mean to say that his method still indicates a decline and it being still within risk management he continues to hold through a substantial drawdown?
Your targets must be huge to sustain this sort of drawdown.
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