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Friday, June 26, 2009
Sunday, June 21, 2009
Friday, June 19, 2009
Friday, May 29, 2009
Dialing It in
like James Stewart. He has written some interesting books, but he is dialing it in here. An excerpt: As the economy shows signs of improvement, I plan to gradually shift out of defensive positions like consumer staples and health care and into more growth-oriented positions. Meanwhile, I still have the cash position I raised by selling stocks in April. With benefit of hindsight, that sale was premature, a decision for which I nonetheless remain unapologetic. As I’ve said many times, no one can time the market perfectly. I’m in no rush to put that money back into stocks. Last week’s drop was a reminder that even bull markets suffer declines. Eventually there will be a 10% drop, which will be the trigger for me to put more money into stocks. No doubt by then, fear will again have made its presence felt.
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Saturday, March 21, 2009
Minimum Profit Objective & 10% Rule
MPO=(100-(win Rate))/Win Rate
For average $100 risked on average trade, skillfull trader realize about $10,000.0 in income per year.
For average $100 risked on average trade, skillfull trader realize about $10,000.0 in income per year.
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Trader Goal
Your job as a trader, is not to pick winning trades, but instead to pull profits out of the world's market, As is often the case in this perverse business, the biggest edges and most dramatic profitability come from th low accuracy/high risk to reward trading strategies. I strongly suggest you ignore the false idols of accuracy and win rates, and pull all of your time and focus during the strategy development process into larger risk to rewards ratios.
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