Van Tharp's Position Sizing Game

[FortuneTeller]

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,

So you trade with Google charts, is that what you are saying? The reason I am asking is because I never knew that one could even trade with Google charts so this is news to me.

 

[MacBookProHo]

So you trade with Google charts, is that what you are saying?

The reason I am asking is because I never knew that one could even trade with Google charts so this is news to me.

Any basic line chart website will do for a trader.

Today, for example, my hypothesis expectation premarket was a Flat/Dip Up day. I nailed that 9:50 to 11:30 move, because I was generally expecting it. I didn't anticipate or expect the overall market to end or dip downwards towards the remainder of the day. But oh well, no one can completely be a prophet.

If you want to be a successful as a trader...you have to be your Own, independent, scientist and adventurer.....Throw out all of those Old Man, fake smart genius, Trader books from the 90's and 2000's that you have that is tarnishing your perspective.

 

[Overnight]

Any basic line chart website will do for a trader.

Today, for example, my hypothesis expectation premarket was a Flat/Dip Up day. I nailed that 9:50 to 11:30 move, because I was generally expecting it. I didn't anticipate or expect the overall market to end or dip downwards towards the remainder of the day. But oh well, no one can completely be a prophet.

If you want to be a successful as a trader...you have to be your Own, independent, scientist and adventurer.....Throw out all of those Old Man, fake smart genius, Trader books from the 90's and 2000's that you have that is tarnishing your perspective.

Did you make any money on your beliefs? Show us the blotter. Otherwise, you are just another bag of hot air.

I actually did it in sim, believe it or not, and I can post to you a very detailed sim blotter if you want. If you cannot even do that, and continue to just stand behind your Google charts, then God bless you. I think you are going to get hit by a rogue bus on the road.

 

[FortuneTeller]

Any basic line chart website will do for a trader.

Today, for example, my hypothesis expectation premarket was a Flat/Dip Up day. I nailed that 9:50 to 11:30 move, because I was generally expecting it. I didn't anticipate or expect the overall market to end or dip downwards towards the remainder of the day. But oh well, no one can completely be a prophet.

If you want to be a successful as a trader...you have to be your Own, independent, scientist and adventurer.....Throw out all of those Old Man, fake smart genius, Trader books from the 90's and 2000's that you have that is tarnishing your perspective.

I actually do not have even one trading book. Amazing huh? So who do you trade options with?

 

[faust]

A trader cannot accomplish anything serious in the market by risking just 1% of their account on a trade. Good riddance that is low and very defensive/scared, and for people who don't know what they are doing.

If I have a certain conviction hypothesis, I'll put in way more than just 1% or 2% of my account into that trade. And watch that position like a hawk. If I win, great...if I lose, no big deal, I minimized the trade loss. My reward:risk ratio, vitally, is greater than 1:1....so I'm confident I'll survive, and thrive.

George Soros basically went all in in his famous 1992 trade that broke the Bank of England. I admire an intelligent man, with conviction and backbone, and boldness. If you want defensive, conservative and impotent....stop trading and just invest in a sleepy mutual fund.

....Elite Traders....that sounds laughable. I haven't seen anything that can be considered 'elite' here, not even close, ever.

it's yer subparcap utility efficiency. I use btwn quarter to half % of total acct equity, while actually only risking up to a third of my cap utility (0.075-0.15%) to make 50 bps avg daily expectancy ROE daily (annualizes to 125%). ROI% per play is typically mid/high double - low triple digit, occasionally mid-high triple digit, rarely quadruple digit as nickel option goes to 50 cents-$1 for a 10-20 bagger.