why do i need to gloat about CTX when i made much more ROE on the other ones as shown in this message thread.
You could be 80% accurate with each win twice as great as your loss on average and you'd still go bankrupt.
Eg. start off with $5000
Trade 1: 85% ROE
Trade 2: 85% ROE
Trade 3: -85% ROE
Trade 4: 85% ROE
End result: $4749
Screwed.
i just sold CSR as its close to support, down 6.50% wow!:
made a nice 105% ROE
thank you very much!
ok these are my shorts for this week, i havent put these as live trades as this week i will be away from my computer alot and wont be able to monitor it
so just for kicks lets see how i go come friday 4pm
current prices and ASX code below
ASX 35.61
WOW 26.20
HSP 4.00
im bearish on the above for the next few days.
What we are trying to get through to you is - Position sizing & risk management. Where's your position sizing & stoplosses for these trades?
For a FP your lack of ability to understand what we're trying to get across is staggering. Just keep stroking your own ego.
Why are you surprised a FP cannot understand how to trade/invest/basic use of money.
Classic example of a FP's "skill".
what would your comments be if i was a stockbroker?
Agree with the second part
But im lost on the first part
If you win 80% of the time and you win twice as much as you lose, wouldn't you have positive expectancy?
Example
$500 wins = $250 losses
$500*.80 minus $250*.20 = $350 expected per trade
What did i miss?
I doubt he's a FP anyway. In my experience, this behaviour is typical of 18-21 year olds.
Correct. Expectanct is positive but that means jack-all.
In your above example, What if your bankroll is $250?
If you lose the first trade, you're dead. If you win the first but lose 2~4, you're dead.
In clayton's example it would seem more to be a total % of capital risked rather than fixed $ risked.
i.e. You can have a roulette system that wins 99%, but if you try double up every time, you're gonna give it all back sooner or later.
Oh yeah....
But if you are risking say 1% of account (and not crazy amounts like him), then positive expectancy shouldn't fail you.. right?
Then you should be fine
You can probably risk more than 1% of account then if you're doing so well... at least till you become too big for the market
YOU CANT EVEN CALCULATE YOUR RISK IF YOU DONT HAVE A STOP LOSS
You still have a value at risk, the whole amount....
I doubt he's a FP anyway. In my experience, this behaviour is typical of 18-21 year olds.
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