Universal Trend Trading

Quote from drm7:

Have you considered using volatility-based position sizing? It may have helped in this situation, while maintaining your "edge."

e.g., define "n" units of risk as a 14 day average true range. Use some multiplier (i've seen anywhere from 2 to 5) and base your ~1.5% risk on that range.

Just a thought.
More...

Please.... That's like a primary school in trading. Of course I do that. The reason for a big loss with chf is because I opened all positions when I started this journal and stop loss was far away.
On the other hand it got me thinking: it was 20-sigma event against me and I suffered only 10% loss. Not so bad, lots of people were wiped out.
 
Close platinum with loss -1357
Bought eurgbp @ 0.8787

Account Value 446k
Central banks intervention caused market to move against current trend. Seems unwise for banks to trade against the trend, but only time will tell.
 
You must log in or register to reply here.
Back
Top