- Joined
- 11 May 2005
- Posts
- 573
- Reactions
- 3
RodC said:$20,000 with 4 or 5 positions seems reasonable, I don't think smaller positions are worthwhile (there are of course exceptions!).
So it looks like we're heading down the path of short term system with a relatively small universe of stocks with a maximum of 4 to 5 positions at any one time? Sounds interesting!
tech/a, when you mentioned optimising individually for each stock, does that mean you effectively have a slightly different system (within the overall system) for each stock?
Rod.
mit said:Also bad news Tech has left all Forums (Unless people can convince him to come back)
mit said:Rod,
This probably mainly me. I thought most people wanted to medium to long term system with a large universe of stocks.
Battman64 said:Come back Tech/a
mit said:Also bad news Tech has left all Forums (Unless people can convince him to come back)
RodC said:I think the important thing is learning the process of developing a system. I'm currently trading 2 different systems myself, both of which I've found from other sources then adapted/modified to suit my temperament/style. As everyone is slightly different I think this should be a "how do you build a system" exercise rather than a "this is the best system" exercise.
If this works, then we should all be in a better position to develop a system which suits our own style.
regards,
Rod.
RichKid said:Rod,
Agree there, although we could use this thread as a starter to create a new thread with a specific system to trade live if required.
So I think that 10k float to trade stocks (no margin/leverage) direct seems a good start. For those who have 20k they can trade double the position size. Does that sound okay for starters? Just to get things going.
Artamon said:Did he give a reason for leaving? Not that one needs to, of course. But, if it's to do with the goings-on in the forums then it's a shame.
On here and other forums, I found Tech/a's posts to be, above all else, informative.
mit said:Sounds fine to me. I might to the ST system myself and post if I get anywhere. Don't hold your breath it has taken me on average 9months to develop a system I am happy to trade.
MIT
mit said:Rod,
5 Short Term Share System based on 4-5 stocks with $5k CFDs
6 Futures (SPI?) Short Term System
5 is what I think is an interesting one. You would start with a high risk and reduce the risk as the capital build. Sort of like Darryl Guppy's $2k to $20k on overdrive. The idea is that you can handle a lot of volatility when you capital is small rather than when your capital is large. That is losing $2k on $5k is easier than losing $40k on $100k.
Any other choices? Can anyone work the polls?
Also bad news Tech has left all Forums (Unless people can convince him to come back)
DTM said:I'm reassessing my strategy because I think that once you become familiar with a stock, it becomes easier to read its movements.
RichKid said:So an EOD daily system (hope that sounds correct) that allows us to act on signals the next day? So next step is the universe?
mit said:ASX200 as a start?
Reasons are that all of these shares would be available for margin and as CFDs. I know that the system will be set-up as a $10k non margin system but I think our notional beginner may want to move to other pastures once he gets the hang of trading.
MIT
GreatPig said:I'm unclear on how the ultimate live-trading part of this will work.
Is the intention that individuals will each trade their own version using their own capital? If so, will each individual be using different parameters and thus selecting different stocks so that everyone's not trying to make the same trades in the same stocks at the same time?
GP
loakglen said:So in a nutshell weve decided (have we?):
Aussie shares as a vehicle
$10000 startup capital (unleveraged)
Daily charts for signals
EOD data for buy/sell on open next day
ASX 200 for the Universe of stocks (to begin with)
Is everyone happy with this?
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