Thanks guys for your quick responses. Much appreciated.
Thanks for the links. I have been using Incredible charts in the trial format but now the trial is over and some of the premium technical indicator options are ones I am interested in using. I will check out prorealtime.
Thanks for...
Hi all,
I have recently begun developing a trading plan and am slowly but surely getting there. One area that has been difficult is deciding which software and data providers are the best value for money for me. I am working with a small capital base ($50,000) and at the moment I am trading...
Re: Position Sizing Confusion Help Please.
Thanks Wysiwyg,
This makes sense but I have just re-checked the section on % volatility method and it dosent mention 3x ATR. It may have earlier in the book though that I forgot.
It's funny, this was the only section (about 2 pages) in the...
Re: Position Sizing Confusion Help Please.
Thanks for the response boggo,
At the moment with the % risk model I use I do eyeball the chart and apply my indicators (ATR is not one of them) to set my stop. The example was based on info in the book and I wasn't able to identify how a SL was...
Re: Position Sizing Confusion Help Please.
I appreciate your time in answering and the misunderstanding is no doubt due to me being unclear.
From what I have read this is my understanding also however in the example I gave the ATR is $1 so that led to a position size of 2000 but didn't...
Re: Position Sizing Confusion Help Please.
Hi Cynic,
Thanks for the reply.
The quote above is precisely my question. I would use (($2,000/$4) = 500) under the ps system I currently use (I.e % risk model) but I am trying to understand How the % volatility model works. The...
Hi,
I am currently looking to design a trading system and am reading various literature on all aspects of this. One concept that has confused me a little is the % volatility model of position sizing (ps). My current understanding is based on the Van Tharp explanation and my issue is this...
Hi tech/a,
Thankyou for your reply.
Sorry to trouble you but hopefully you can help me with another question. :)
There is a lot of talk about different styles of trading based on what technical analysis and indicators you are using.
In order to determine what trading style sits best...
Hi tech/a
Does the fact that you are obviously highly skilled and experienced influence your choices as listed above or would you recommend that the same tools listed above are suitable for a beginning trader?
Hi Tigerboi,
I have noticed your success rate in the tipping and was wondering if you have any for this sat (straddie day) at eagle farm? I will be going with a few mates and while we used to enjoy the races and casino regularily the encroaching years and financial commitments have meant we...
Pedestrians who walk on the right!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! GGGGGGGGGGRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! and people who try to get in a lift before the people inside have got...
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