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Humphrey,
I have been testing out a method with
www.marketplayer.com for stocks. I enter based upon a
risk of $10000 soon to go to 11000 per trade. I limit
the trade also based upon the $$$ value of the trade
so that I do not spend more than 100,000 on any one
stock. The commission charged is $35 a stock. Since I
have about 15 stocks long and 4 short what I fear is
that dring a big down move the portfolio will get hit
hard.
I have found that the money management is vital.
Below is what it reads on the screen. I am not
bragging because based upon the turtle like
performance I am nowhere near the top 10% of traders
there.
02/14/99 Equity: 1,000,000.00 This is a demonstration
of an account that in the future may be a mutual fund.
It is long and short.
Edit Investment Commentary
[Commentary is viewable by others.]
04/15/99 Equity: 1,148,006.35
Total Return: 14.80%
S&P 500: 7.99%
Regards
Dick
--- Humphrey D Geiseb <okombahe@xxxxxxxxx> wrote:
> I have over-burdened myself with junk mail.
> Therefore, I have been unable to check each post on
> the making $$$ from trading thread. My heart goes
> out
> to all contributors for sharing their
> insights/hints/suggestions.
>
>
> I have only 1 slight remaining query: Is there a
> real
> world difference in allocating $1000 to each stock
> compared to maybe $7000 on the same stock. My paper
> trading suggest that allocating $7000 runs the risk
> of
> huge commissions losses. Does it happen in the real
> world like that...
>
>
>
> hum
>
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>
>
===
Big Lucky Dick
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