Good Morning Businessman, I always enjoy your comments. Is the secret to day trading still below: Buy Low, hold winner long as feasible, then exit. Sell High, hold winner long as feasible, then exit. Do not stop until account is +$Xmillion or whatever makes a trader happy? Thank you,
I think the secret to trading (for the kind of big profits you want from your small account) is when your 'luck is in' and trading is going well, then you should scale up to bet big When your luck is out then scale down and bet small. Then you need to have the patience to wait for your those periods when your luck is in. Sometimes you have to wait a long time. This only works if you have a good long term trading edge, otherwise you won't get lucky enough to turn a profit over the long run.
if i had a losing year i would do something different honestly - buy the market watch it go up how can you have a losing year?
yea i have a two year audited track record, pretty nice for emerging cta in a classification of less than 4mm under management. i was top emerging manager in the country for the two years i ran the business according to managed accounts review (m.a.r.). i am listed in basic if you get the right brown for once. watch oddball make a shit load of money in real time, i set that up just for you and your gang.
I am talking about Trading not buy and hold. Only a trading method with a Sharpe ratio above 2.5 or 3 will never having a losing year. Any trading method with a Sharpe ratio below 2 will have some losing years. I will admit to not having a Sharpie above 2. A method with Sharpe below 2 is tradable as long as you understand and accept that some of the annual returns Bell Curve will be over a negative area.