View Single Post
Old 01-03-2005, 01:43 PM  
MetaformX
Confirmed User
 
MetaformX's Avatar
 
Join Date: Mar 2002
Posts: 6,704
Quote:
Originally Posted by canplayer
this kind of trading is done very often for daytraders. They calculate their risk, say R, and they won't risk more on every trade. They determine size of position based on R. I'm telling you that you will lose more often than not with this model, except, since you are only losing R on each trade, your winners will compensate for the losers. I know professional traders who've been trading much longer than you've been toilet trained and they don't make 200+%. It's not a special model you found, and the fact is, you're looking for certain criteria before you enter a trade and count on only losing R but possibly on a winner making 3-4 X R. So it's nice you made 200% in 2 months, but talk to me in a year from now, you may have gotten 1 or 2 lucky picks, but with your model I don't see you consistenly doing it.
I don't consider myself a day trader, I am a momentum trader. A day trader will do 30+ trades per day. I do 10 trades per day, and I hold many of my stocks anywhere from 3 hours-6 days. No GOOD day trader would EVER hold a stock overnight.

I am sure there are many proffesional traders who have made more money than me in the market, there is always a bigger dog around the corner, but I will take my 210% and be happy.
__________________
MetaformX is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote