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hello john
As you and the list know I use 75% of my trading capital trading 2
mechanical systems,
they are Aberration and duel trust,
my broker puts on the trades
this take all emotions out,,
he has some rules that he follows that are written in stone for both
systems
here are just 2 of the rules
when trading aberration wait for 2 losing trades in a raw for this
particular commodity
and the same for duel trust
rule # 2 is stop loss is put in the night session for all indexes
there are a few more re money mgt ,, profit objective is different for each
commodity,,
as for losing trades
in the last 5 or so years I had many times posted forecasts that were
DEAD wrong
and in ALL I lost money,,
however
my % of winners is way ahead of my losers
here is an example of a position trade for CONSERVATIVE money
remember purchasing 130000 of options in the last 4 weeks
here is the update as of today close
long 175 IRIAI total cost $144000 current value $140000
long 175 QAVPH cost $25625 current value $ 10500
short 175 QQQEJ sold $44875 current profit $9875
have order to buy back to close@ 1.35(qqqej)
so this is if closed today LOSING $9250 plus 625 in commissions
good day
Ben
>
> Hello Ben,
>
> I do not have that many trades in which I am stopped out and win % is
> higher than loss %. Most important is my OCO option which I take now
> that I trade full time or as I desire depending upon market
> conditions.I am currently revamping my system as you may have noted
> in previous posts, allocating only 5% to it. It lost $750
> yesterday.The high stop loss has kept me out of trouble for years and
> many of my previous systems which had no stop loss were even better
> for long stretches but non-manageable when I was practicing full
> time.The OCO option in a MOC system works best for me and that is the
> main reason I do not market it.
>
> I have posted my best and worst years and have admired many of your
> approaches.
>
> Yet I often do not see how you make money on many of your action
> plays because you rarely if ever report any lickings you
> take...nothing personal just surprised to see this discussion in
> public forum when you could have easily mailed me privately...it is
> not like we do not know each other and that the question is self-
> answerable...I think.
>
> I reallocated my index funds just right yesterday and may reenter at
> the close.
>
> And yes I am having a fine day all told and hope you are doing the
> same.
>
> With respect and sincerity,
>
> John
>
>
>
> ------------------ Reply Separator --------------------
> Originally From: profitok <profitok@xxxxxxxxxxxxx>
> Subject: Re: [RT] S&P Day Trading
> Date: 03/20/2002 01:52pm
>
>
> hello john
> I can not see how you can make money if your profit objective is
> SMALLER
> than your stop loss
> nice day
> Ben
> ----- Original Message -----
> From: "John Cappello" <jvc689@xxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, March 20, 2002 6:44 AM
> Subject: [RT] S&P Day Trading
>
>
> >
> > My system has not performed at max this year so far and I am doing
> > adjustments to current market conditions mainly related to
> psychology
> > of the market and ranges. I am still trading it at a low contract
> > levels 5% of asset allocation. After debugged will step up.
> >
> > Adjustments being made.........entry and exits not limited to Level
> 2
> > and 3 Supports and Resistance.
> >
> > Widen trading ranges..............expected today [1179 to 1183] sell
> > points [1165 to 1169] buy points. No trade if total range beyond
> > 1183 to 1165 at open.
> >
> > My personal stops are $3000 ; min profit target $2000 ; trailing
> stop
> > once $1500 profit reached is $750 ; MOC or OCO if tweaked.
> >
> > John
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
> > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> >
> >
>
>
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