I will risk anywhere from about 1-2% on any one idea, and my stops are about 1 1/2 standard deviations out. I prefer using SD rather than a fixed...
As to getting rich starting with $7500, yes, it can be (and has been) done. But not if you have to live off of your trading. I started not much...
It's true that big institutions use it, but most of the floor traders I know (and off floor traders) who trade for a living and who keep maybe...
Good point. Most of the folks I know talk about committing 1-2% to any one "idea", taking into account intermarket correlations, which is even...
In Chicago, trader-trainees generally start as clerks or runners at one of the exchanges. Nobody is going to hire you without at least that...
Actually, lots of big houses (and many small traders too) arrived at the 1-2% figure empirically, but the work is generally proprietary, as it...
"At least that way, I will always be in the market." I wonder why you would always want to be in the market? Being able to be out whenever I...
I risk about 1 or 2%, but that is more than just money management (although it is certainly a key factor in my risk management parameters). For...
As I see it, (and for God's sake, take everything I say with a grain of salt and realize that no two statisticians will ever agree on anything)...
Re. 20 samples being enough to achieve statistical significance. That is nearly true (a bit small for robustness in most circumstances) but the...
Another thing to keep in mind is that there is no such thing as "THE" quant approach, any more than there is "THE" technical or fundamental...
I know a number of scalpers at the CBOT in the futures biz that make 7 figures (yes, this year too) and a very, very few who regularly make 8. But...
But the really good quants, like Hull and Hanley and other privately held firms that you never hear about unless you are in the industry, make...
I try to be at least somewhat profitable every week, but the answer to this depends largely on your specific trading methodology. I have friends...
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Statistically, this strategy, when properly implemented, will theoretically assure that, after doubling and redoubling and redoubling and...
If your CPA doesn't give you cost-benefit analyses of stuff like that, you need a new CPA. That's exactly the kind of thing that I am paying mine...
Futures margins are not borrowed money, they are a performance bond, so there is no restriction on futures trading, long, short, options,...
The numbers for this are nearly OK, assuming the underlying stays above $30, but the "annualized" returns are meaningless unless you think you can...
If you are already managing a "big fund" with it, how can you not know whether your own strategy works or not? Jessie
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