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by aliassmith
Mon Feb 06, 2017 10:12 pm
Forum: TheRumpledOne
Topic: The ideas that I trade by:
Replies: 4195
Views: 479930
Gender: Male

Re: Re:

Depends on what you want to accomplish. Income? If you made 50%, withdraw it. Do it again. Growth? Increase your position size by no more than 50%. 10% - 25% would be prudent. Your growth example is using OPM. No one said you have to get too crazy with it. Its as cautious or risky as you want. Mayb...
by aliassmith
Mon Feb 06, 2017 10:05 am
Forum: TheRumpledOne
Topic: The ideas that I trade by:
Replies: 4195
Views: 479930
Gender: Male

Re:

Assuming that you only trade 15 days out of the month, you only need to make 1.3% compounded daily. It is easier to stay on track by risking just enough to reach your daily target than it is to risk say 3%, thinking that overshooting your target will keep you ahead of the game, as compound returns ...
by aliassmith
Mon Feb 06, 2017 6:43 am
Forum: TheRumpledOne
Topic: The ideas that I trade by:
Replies: 4195
Views: 479930
Gender: Male

Re: Re:

Did you read any of the material I posted about HOUSE MONEY? Just curious. The short answer is yes. Yes trading is a form of gambling. The currency market is a negative sum game after spreads and fees. Trading in a casino is a negative expectancy game. In a casino, the law of large numbers suggest ...
by aliassmith
Mon Feb 06, 2017 1:35 am
Forum: TheRumpledOne
Topic: The ideas that I trade by:
Replies: 4195
Views: 479930
Gender: Male

Re: Re:

I look at it like this... I come to the markets with $300,000. Now that is my stake and it would be difficult to get that $300k again outside the markets if I have to start again. I use "safe" risk levels until I get money above what my stake is, which I refer to as OPM. OPM is my money, ...
by aliassmith
Sun Feb 05, 2017 9:31 pm
Forum: TheRumpledOne
Topic: The ideas that I trade by:
Replies: 4195
Views: 479930
Gender: Male

Re: Re:

I get your analogy, MO. Maybe dangerous wasn't the best choice of words for this discussion. But don't the statistics back up what I am saying about "house money"? Think of it this way, you walk into a casino, put down ten $100 bills and you win. Now you have twenty $100 bills. You put th...
by aliassmith
Sun Feb 05, 2017 1:05 am
Forum: general
Topic: Something
Replies: 13
Views: 2159
Gender: Male

Re: Something

TheRumpledOne wrote:Is this the sum total of John's contributions to Kreslik in a decade?


I think I summed it up here.
post100193#p100193
by aliassmith
Sat Feb 04, 2017 3:34 am
Forum: TheRumpledOne
Topic: The ideas that I trade by:
Replies: 4195
Views: 479930
Gender: Male

Re: The ideas that I trade by:

I've never been rude or disrepectiul, but have been threatened several times with being banned. Have I used humor to disagree with something? Yes! Have I stated an opinion contrary to moderators concepts? Yes! BUT, I've been censored simply for disagreeing with a certain moderator's concepts. When,...
by aliassmith
Sat Feb 04, 2017 3:32 am
Forum: TheRumpledOne
Topic: Aliassmith Beats a "Dead Horse"
Replies: 401
Views: 35628
Gender: Male

Re: Aliassmith Beats a "Dead Horse"

We can discuss this in my thread, MO's thread has been cluttered up enough really. I think you want everyone on this board to take your advice seriously. I did read your posts and most of it is try to defend yourself. As far as I can tell you contributed this... The best thing that a trader that isn...
by aliassmith
Sat Feb 04, 2017 1:21 am
Forum: TheRumpledOne
Topic: The ideas that I trade by:
Replies: 4195
Views: 479930
Gender: Male

Re: The ideas that I trade by:

Gambling with the house money and trying to break even https://www0.gsb.columbia.edu/mygsb/faculty/research/pubfiles/1154/thaler_and_johnson.pdf I understand what you are saying. The thing is I have seen OPM work well in trading models and in my own manual trading. Risk management is a fundamental ...
by aliassmith
Sat Feb 04, 2017 12:48 am
Forum: TheRumpledOne
Topic: The ideas that I trade by:
Replies: 4195
Views: 479930
Gender: Male

Re: The ideas that I trade by:

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