Getting the best if you have only a small amount of capital

[white_goodman]

this is what we need, beginners advising beginners

 

[CanOz]

this is what we need, beginners advising beginners

Perhaps you could contribute?

 

[white_goodman]

Perhaps you could contribute?

i have but no information to impart on a sim wizard

 

[CanOz]

i have but no information to impart on a sim wizard

LOL! sometimes a sim wizard with a boat load a capital is better than a live wizard in a leaking boat!

CanOz

 

[tech/a]

Well if it was me with say $25,000
Id position size with 2%
The way T/H does it (Look up fixed Fractional position sizing.)
Or if that was too difficult I would use a fixed position size of say $2000.

I would however bring my stop to break even as soon as I can .
I would accept strings of losses but when I got one clearly moving with momentum and I could get my risk
as close as practical and as quick ly as possible to B/E without ever exceeding 2% even with my fixed position sizing---I would keep loading any spare capital into it.---on its way up.

I would than be looking for a stall in momentum and taking chunks of profit at these levels while ever on the look out for momentum to continue.

WTF is one which is currently displaying good Pyramiding opportunity.

 

[tinhat]

Firstly, this is an old thread, but came up due to bailx's current addition.

Reading through the thread out of curiosity, I have to say I am quite appalled at the nature of some of the responses, in what is meant to be the, "there are no dumb questions" beginner's forum.

Some of you people have forgotten what it's like to start out in a topic, not knowing anything.
Reaching that stage is not something to be proud of.

Haha - looks like people were a little cranky in September 11. riveroak posted on 20 Sep 11 and the XAO closed the week on 23 Sep 11 at 3978. ouch!

TLS closed that week (23 Sep 11) at 3.14. I wonder if riveroak did end up buying those TLS shares. Interestingly, I bought my first parcel at 3.17 four weeks later.