Kreslik.com - traders community since 2006

"High Water Mark" is a pretty interesting idea.

Mathematically it always intrigued me how a "x% loss" and then a "x% gain" does not get you back to breakeven.

Yes, thanks for the EXCELLENT explanations.

Space Wars is all I have thought about all week long!

Where does 0.09 come from in:
X% = LeverageUSD * 0.09

0.09?

I saw that Sledge had posted an Excel version. I couldn't open the file with Excel so I installed OpenOffice. I can't see any of the formulas in OpenOffice, like in the Excel version Sledge posted. Is there a show formulas setting in OpenOffice? I'd be glad to offer suggestions as soon as I can unde...

Thanks MO,

I can now successfully follow through what you have wrote and shown in illustrations!

I bet I spent 10 hours studying just one of your illustrations alone!

The only concept that is still a little "muddy" (unclear) is the "pincushion" concept. You defined it as: "The space between your purchase price and your position in the market" When I look at the previous post chart (23 Nov 2010) with your example "4 Pip Pincushio...

Thank you MO, your explanations are a TREMENDOUS help.

Now lets assume that you enter with 3 lots and exit for a 10 pip loss. In MO notation I would write it 3/0: Since 3/0 = 0, there is no adjustment to the size of your box and thus no space was managed. 3/2 would multiply your remaining pips (if any) by 1.5. 3/1 would multiply your remaining pips by ...

Accept the inherent uncertainty of the reward and learn to settle for the best possible alternative.