Trader P/L 2008

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+559. was doing good until decided to trade MRO and got smoked. should have traded small sizes to try the new stuff.

not a bad day overall.

solid day! TheRocketeer, Happy trading, everyone.
 

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Quote from BostonKiller:


Seriously considering trading 6-8 smaller ($20K or even less) positions, instead of 2-3 large ($35-40K) ones. Unfortunately, there is no way I can do this and get to work at reasonable time.


I've often wondered if trading a "mini-portfolio" during the day with a maxLoss setting and profit target would be feasible.

The different between 2-3 and 6-8 in terms of the volatility of the portfolio is big. One would think that 8 positions would have a significant smoothing effect. Of course, it depends on the correlations of the assets but here is a picture that makes a good illustration of diversification and # of different assets.
 

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