What is "relatively high" for you? What's a relatively high win % rate, relatively high average gain and a reasonable average loss?
Van Tharp's Position Sizing Game
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What is "relatively high" for you? What's a relatively high win % rate, relatively high average gain and a reasonable average loss?
I would say anything above 80%, 85%, 90% is considered a relatively high win, success, accuracy, understanding, process rate,
My average high/up gain....,
If I posted my reasonable average loss %....it would probably make a lot of people throw up here.
As long as my reward is significantly, noticeably, higher than my average loss....I'm printing money. Assuming, you have a relatively high degree of understanding, process and accuracy in the market in what you are trading.
You knew this only 16 minutes ago, when you posted your charts at end of day. Will you please have a steaming hearty cup of STFU.
Looks like you are arguing with that old Lawrence-lugar dude from long ago? Are those charts of his from google even real charts or some free crap you can get on the Internet? If it is free crap, then he probably doesn't even have a real trading account. lol
%%
WON=William O Neil's profitable plan used a 7-8% stop;
small caps.
Most of the net profits in USa business trading dont have much to do with stops, even though watching business expenses [ a form of business loss] is important.
Sorry, frankly, you found so little in EliteTrading; try more than small sample.
With all due respect i risked much more around college age; fine @ that age.
Thanks; +remember why all most all the insurance companies charge college students much more premium.
MacHo with free Google, aye.
That so called game is totally useless, if prices move in Random walk. Only based on reality with real prices can make a difference here. Artificial prices based on what ? can only lead to no edge even with any position sizing method, as one can only minimize his losses. So the best option would be not to trade (if you do not understand the markets behind and their prices, and that cannot be done in such a game).
I think the game starts with a 60% win rate so if you manage your position sizes you should be able to reach the 50% goal after 75 trades.
When I first tried it, I randomly set my risk/share and quickly blew out my account.
Then I tried another approach where I scaled down the position sizes a lot as my losses increased and increased my position a lot as it increased. That kept me in the game longer but sometimes I never met the goal or blew out the account betting too much.
It wasn't until I treated each trade equally as a possible win that I was able to catch the big moves. I used a fixed 7% stop loss (since Level1 has no chart) and a max loss of 4%. Risk per share = price * 0.07. Then max shares was 0.04/0.07*(account size/share price). Trade size varied as I updated the acct balance after each trade. Used a spreadsheet to track the balance after each trade. That got me though all the free levels. In reality, I would never bet 57% of my account on a single trade. The drawdowns were too big.
Level 2 provided a chart so that was more helpful but added more swings up and down.
When I first tried it, I randomly set my risk/share and quickly blew out my account.
Then I tried another approach where I scaled down the position sizes a lot as my losses increased and increased my position a lot as it increased. That kept me in the game longer but sometimes I never met the goal or blew out the account betting too much.
It wasn't until I treated each trade equally as a possible win that I was able to catch the big moves. I used a fixed 7% stop loss (since Level1 has no chart) and a max loss of 4%. Risk per share = price * 0.07. Then max shares was 0.04/0.07*(account size/share price). Trade size varied as I updated the acct balance after each trade. Used a spreadsheet to track the balance after each trade. That got me though all the free levels. In reality, I would never bet 57% of my account on a single trade. The drawdowns were too big.
Level 2 provided a chart so that was more helpful but added more swings up and down.
I don't think he can trade with Google charts. lol
That's laughable....you old school traders feel to look smart and successful as a trader....you need to use this dark, overly technical, trading interface that makes you look like a scientist from the 90's.
You laugh at my bright, basic, kindergarten, Google Charts....but I'm willing to bet my market returns and understanding completely blows yours out of the water,
FortuneTeller....a teller of fortune, batman...man bat, so what do you make in the market,
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