|
PureBytes Links
Trading Reference Links
|
I was trying to be diplomatic.... But this looked like a beginner enquiry
and I still think that the book is not a bad place for a beginner to get
some of the basic concepts of position sizing - along with the admonition to
not take it too seriously and to look elsewhere for detail and math that
adds up. An OK beach and bathroom read. Certainly the web rep on the
courses and tapes is very negative. When I tried to ask some questions on
his web site forum to clarify some of the examples in the book I was met
with hostility and insults by Van Tharp devotees and silence from the man
himself.
Andrew
-----Original Message-----
From: elnaseer dina [mailto:zebra7860@xxxxxxxx]
Sent: Saturday, July 24, 2004 2:16 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: RE: [EquisMetaStock Group] Money Management for Trading
I totally agree with Ed Sekoya and the Turtles group but have to tell you
that two friends ( very bright people) went to Van Tharp's seminar and found
it to be totally useless. I have his book and found it to be too simplistic
and unrealistic.
Al
Andrew Tomlinson <andrew_tomlinson@xxxxxxxxxxx> wrote:
Yes, I was thinking of Tharp as a place to start, too. Just don't
take him
too seriously. The numbers he uses are not replicable, and every
time he
mentions "expectation" he defines it differently. But he listened to
a lot
of smart traders and he copied down some good stuff. And check out
on the
web what people think about his courses before you lay out any money
on
them.
Also look up "portfolio heat" on the web. There's an article by Ed
Seykota
in Stocks and Commodities that is copied in a number of places. -
even if
your position size is right, the total risk position is key. And if
you want
to see a system with highly developed portfolio risk management
rules look
at the original turtle trading rules. They weren't successful
because of the
entry system, they were successful because of the portfolio
management
discipline.
Andrew
-----Original Message-----
From: Richard Dale [mailto:richard@xxxxxxxxxxxxxxx]
Sent: Saturday, July 24, 2004 12:53 AM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: RE: [EquisMetaStock Group] Money Management for Trading
Have a read of Van Tharp's "Trade Your Way to Financial Freedom" and
consider a % of capital model with volatility-based stops. 2% seems
to be a
good compromise between safety and chance of ruin. 1% is better for
large
capital bases. 4% is required if you have a small capital base.
The exact level you choose should be based upon your system's
expectancy and
win/loss ratio. Read the book for a few hundred pages of discussion
about
different position sizing models.
Best regards,
Richard Dale.
Norgate Investor Services
- Premium quality Stock, Futures and Foreign Exchange Data for
markets in Australia, Asia, Europe, UK & USA - www.premiumdata.net
<http://www.premiumdata.net/>
_____
From: chichungchoi [mailto:no_reply@xxxxxxxxxxxxxxx]
Sent: Saturday, 24 July 2004 2:23 AM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] Money Management for Trading
Does anyone know how to determine the best % of capital for trading?
in order to let the profit grow faster and let the loss shrink
faster. Thank you
Yahoo! Groups Sponsor
ADVERTISEMENT
click here
<http://us.ard.yahoo.com/SIG=1294g6m0p/M=295196.4901138.6071305.3001176/D=gr
oups/S=1705375617:HM/EXP=1090731195/A=2128215/R=0/SIG=10se96mf6/*http://comp
<http://comp/>
anion.yahoo.com>
<http://us.adserver.yahoo.com/l?M=295196.4901138.6071305.3001176/D=groups/S=
:HM/A=2128215/rand=998174178>
_____
Yahoo! Groups Links
* To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
* To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<mailto:equismetastock-unsubscribe@xxxxxxxxxxxxxxx?subject=Unsubscribe>
* Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service
<http://docs.yahoo.com/info/terms/> .
_____
Post your free ad now! Yahoo! Canada Personals
<http://ca.personals.yahoo.com/>
Yahoo! Groups Sponsor
ADVERTISEMENT
click here
<http://us.ard.yahoo.com/SIG=129faeuvd/M=295196.4901138.6071305.3001176/D=gr
oups/S=1705375617:HM/EXP=1090779347/A=2128215/R=0/SIG=10se96mf6/*http://comp
anion.yahoo.com>
<http://us.adserver.yahoo.com/l?M=295196.4901138.6071305.3001176/D=groups/S=
:HM/A=2128215/rand=279675384>
_____
Yahoo! Groups Links
* To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
* To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<mailto:equismetastock-unsubscribe@xxxxxxxxxxxxxxx?subject=Unsubscribe>
* Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service
<http://docs.yahoo.com/info/terms/> .
------------------------ Yahoo! Groups Sponsor --------------------~-->
Make a clean sweep of pop-up ads. Yahoo! Companion Toolbar.
Now with Pop-Up Blocker. Get it for free!
http://us.click.yahoo.com/L5YrjA/eSIIAA/yQLSAA/BefplB/TM
--------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|