Good trading as usual Watson. I was wondering how you manage the money managment part of your trading. What percentage of capital do you allocate to each trade and as you only trade to the long side do you protect your risk with options or futures in any way?
Regards Schoe.
Regards Schoe.
schoe said:
Hi thanks's for the support,
I split my account to allow up to 20 positions (as most of my trade's are below $20 I can afford to diversify!). I usually avoid using margin.
I invest the same $ amount on each trade.
I use a stop loss on each position, I don't use derivatives to hedge my position.
Kindest regard's John.
mrchuffster
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wwatson1 said:Adding SMMU to my portfolio on today's open. Here is the chart.......
More detail's and stop loss on my homepage just click the symbol.
bye bye mr watson and good luck
I'm Doing Great
WWATSON1,
I'm and expatriate banking executive working in the Philippines. I'm well paid, but my heart is in trading. Given the difference in time zones, I can't trade equities in Europe, nor in the USA. Therefore, I trade futures on the Eurex or CME (Globex.) I prefer Estoxx 50, DAX, NQ-minis, and sometimes FX futures - mostly CAD and Swiss.
So far my best results come from using an impulse system. I use the 26-day EMA to find a trend, and then I wait until the one-hour EMA (13 periods) and the MACD (12/26/9) point in the same direction. When all three ducks point in the same direction I go long/short, and cover when one of the three indicators falls out of sync with the others. I set stops at 1/2 the channel width. I know it's not very complicated, and purely technical, but I am winning about about 67% of the time.
When I get back to civilization I hope to get back to equities.
I enjoyed your chart analysis. Very clean.
Take care,
Van88Guy
wwatson1 said:
WWATSON1,
I'm and expatriate banking executive working in the Philippines. I'm well paid, but my heart is in trading. Given the difference in time zones, I can't trade equities in Europe, nor in the USA. Therefore, I trade futures on the Eurex or CME (Globex.) I prefer Estoxx 50, DAX, NQ-minis, and sometimes FX futures - mostly CAD and Swiss.
So far my best results come from using an impulse system. I use the 26-day EMA to find a trend, and then I wait until the one-hour EMA (13 periods) and the MACD (12/26/9) point in the same direction. When all three ducks point in the same direction I go long/short, and cover when one of the three indicators falls out of sync with the others. I set stops at 1/2 the channel width. I know it's not very complicated, and purely technical, but I am winning about about 67% of the time.
When I get back to civilization I hope to get back to equities.
I enjoyed your chart analysis. Very clean.
Take care,
Van88Guy
Radfaraf,
I use REFCO. The platform is called REFCO8. Most trades cost USD 10/side, but they only do futures.
REFCO is good on execution, but their free batch of tools(indicators and so forth) are inadequate. So, I have a separate account with e-signal to follow the markets, and find to find opportunities.
Base on your question, it appears thay you are more of an equities person.
Take care,
Van88Guy
I use REFCO. The platform is called REFCO8. Most trades cost USD 10/side, but they only do futures.
REFCO is good on execution, but their free batch of tools(indicators and so forth) are inadequate. So, I have a separate account with e-signal to follow the markets, and find to find opportunities.
Base on your question, it appears thay you are more of an equities person.
Take care,
Van88Guy
