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Bob Heisler wrote:
> The primary intent of my original post on trading 3-lots was to get traders
> who are currently only trading 1-lots to consider a different, and far
> better IMHO, approach to their trading. Perhaps I should have been more
> clear as there is no magic in a "3-lot". The point was really to always
> trade in multiples and avoid 1-lots at all costs.
>
> I also do not agree that trading a 3-lot is equivalent to trading three
> different methods on the same security. This doesn't make any sense to me.
>
Whatever you say, mathematically it is. The sum of components is the same (z*a)
+ (z*b) + (z*c) = z*(a+b+c) The sum of products is equal to the product of the
sum, that should make sense.
> And in regards to providing empirical evidence to the additional
> profitability in trading multiples, I have better things to do with my time
> than spend it on proving the obvious.
Hoho! Whatever you resist most is what needs most attention. Better look at it
then...
> I can l tell you that in today's
> trading alone
Rule 1: A single trade is irrelevant, it is the series of trades that counts.
> that last contract(s) proved to be quite valuable -
> particularly on the Nasdaq. The ND today had a 193 point range from high to
> low, but that only tells a VERY small part of the story. We opened and
> dropped 100 points and followed that with a 120 point rally. After that
> there were numerous 40-70 point swings before the final 180 point rally into
> the Close. I'll let you do the math.....
>
> And in closing, I have absolutely no idea how a post intended to try and
> help other traders resulted in someone attempting to try and disparage
> Arthur and his integrity. For the life of me, I just don't get it...and I
> believe I am glad that I don't.
>
> Bob
>
Don't get upset Bob. If you can't stand some observations and don't want to
stand in the spotlight for scrutiny, don't publish. It is as easy as this... The
more you defend a truth the more it will be scrutinized, eventually destroyed.
The more you let it go, the more it will grow... Just let go, really why care so
much? What's at stake here? A belief without which your whole trading crumbles?
if that's the case, you are on a weak foundation. If it's not, then why bother,
after all you can only benefit from other ideas. Nobody said you have to change
anything, but remaining open won't kill you...
Best to you
Gwenn
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