Van Tharp Position Sizing Game

[symbolensemble]

Hello, recently the Van Tharp Institute shut down their services after the unfortunate passing of it's founder. They discontinued multiple products, including their position sizing game. While somewhat of a software relic, this game could simulate probability outcomes of draw down for a particular risk strategy. Lot's of programs do this, but none that I've come across where there is a 0.3% probability that say a 237R draw down will occur within a year.

I'm wondering if anyone has a registration key for this software. I have the free version, but am unable to purchase as it is now discontinued. I would pay for a key.

Much appreciated.
Nate

 

[trend2009]

I always believe average down is a super strategy if done correctly. Those that manage billions in and out every day should be using this strategy all the time

 

[taowave]

Proceed..

Interesting post for a poster "trend2009"..

I always believe average down is a super strategy if done correctly. Those that manage billions in and out every day should be using this strategy all the time

 

[ironchef]

I always believe average down is a super strategy if done correctly. Those that manage billions in and out every day should be using this strategy all the time

Investor vs trader.

As a consumer (investor), I don't buy when it is expensive, I buy only when it is on sale. I have conviction, so buy more when the price drops more. I average down on my long term holdings.

As a merchant (trader), I make money on spreads (the difference between what I pay vs what I receive). I don't buy more when no one wants to buy (the price keeps dropping) because I may not get what I paid for when I try to sell. I don't average down on my trades.

I am no expert, just an amateur retail. Am I making sense?

 

[murray t turtle]

I always believe average down is a super strategy if done correctly. Those that manage billions in and out every day should be using this strategy all the time

%%
SOME have + worked well [within well planned limits]sometimes with billions;
not so much when LEH \ GM went bankrupt.
I got more out Dr Van Tharp's books than his game.
Not so much all of his title ''Financial Freedom Thru Daytrading'' LOL
Dave[Realtor + redneck] Ramsey helped a lot more; even though his somewhat constant promotion of the word ''Rock Star '' as a compliment. LOL I can find better energy drinks than that LOL Really

 

[schizo]

As a consumer (investor), I don't buy when it is expensive, I buy only when it is on sale. I have conviction, so buy more when the price drops more. I average down on my long term holdings.

Suppose the price of socks (not stocks), which regularly sell at $10 a pair, is on sale for $7.50. It's a steal considering that you're getting 25% deal. But what happens if it goes down to $5? Would you buy more? What if it goes to $2.50? Eventually, you'll think it will go down to $1.25 and hold off on your purchase. By that time, it's already completely sold out and the price spiked back above $5.

Needless to say, this is how it works in a bear market.

 

[ironchef]

Suppose the price of socks (not stocks), which regularly sell at $10 a pair, is on sale for $7.50. It's a steal considering that you're getting 25% deal. But what happens if it goes down to $5? Would you buy more? What if it goes to $2.50? Eventually, you'll think it will go down to $1.25 and hold off on your purchase. By that time, it's already completely sold out and the price spiked back above $5.

Needless to say, this is how it works in a bear market.

You are right, easy to preach, hard to practice.

And then FOMO sets in. When it continues up, we finally buy @ $20.

Then, it goes back down to $1.25 when the merchant restocks.

 

[murray t turtle]

Investor vs trader.

As a consumer (investor), I don't buy when it is expensive, I buy only when it is on sale. I have conviction, so buy more when the price drops more. I average down on my long term holdings.

As a merchant (trader), I make money on spreads (the difference between what I pay vs what I receive). I don't buy more when no one wants to buy (the price keeps dropping) because I may not get what I paid for when I try to sell. I don't average down on my trades.

I am no expert, just an amateur retail. Am I making sense?

%%
YES=perfect sense.
I bought/sold RE [real estate ] for 20 years, 95% thru REALTOR; always got a small discount off list price. BUT medium + long term was UP/typical RE bulluptrend market
BUT not overpriced RE like in certain CA cities , so many people exit there. A price drop in a hi crime area is no bargain, maybe goes lower. And Larry ''Mint'' Hite asked ''you want to buy more buggy whip co stock if it goes down?? NO not there.
Worse than a bear market ,never came back up

 

[ironchef]

%%
YES=perfect sense.
I bought/sold RE [real estate ] for 20 years, 95% thru REALTOR; always got a small discount off list price. BUT medium + long term was UP/typical RE bulluptrend market
BUT not overpriced RE like in certain CA cities , so many people exit there. A price drop in a hi crime area is no bargain, maybe goes lower. And Larry ''Mint'' Hite asked ''you want to buy more buggy whip co stock if it goes down?? NO not there.
Worse than a bear market ,never came back up

In CA we practice the greater fool theory: There is always a greater fool who will buy my overpriced house.

Furthermore, it is called buy high and sell higher.

 

[murray t turtle]

In CA we practice the greater f*ol theory: There is always a greater f*ol who will buy my overpriced house.

Furthermore, it is called buy high and sell higher.

%%
NOTHING like a good uptrend/good RE uptrend ;
or good downtrend like downtrend taxes, downtrend in crime
Our southern state cut the tax to zero[0%] on food for 3 months this year;
average down buys LOL\worked well there ..............................