Sean K
Moderator
- Joined
- 21 April 2006
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What aren't you buying mate so I can get some good stocks on my watchlist?moses said:
What aren't you buying mate so I can get some good stocks on my watchlist?moses said:Mind you, I am at no.16 on 20% atm, unlike Kennas who is at no.48 and 0%, but there's plenty of time yet left in the month for the Moses effect to do its thing.
It's Snake Pliskin said:stink said:Yes, consider your element or CONTEXT and build it around that.
Determine what will make you profitable. There is so much in Stinks writing here.
LOL probably alot more than i know myself mate.
In all seriousness i practically paralyzed myself from being able to do anything. It was the good advice from people here that have got me on what i consider to be the right track.
Sometimes i think wall street big shots made up half the jargon and theories just to make thenselves sound clever
Anyway cheers
Fortunately we don't need a guarantee because it can't be given. But I will settle for "a very high likelyhood". If it doesn't work in the past then why would one want to trade it going forward?As you well know past performance is no guarantee of future performance
babyboomer said:hello stevo
it appears you already have a basic trading plan, without realising it, by stating that you would like to hard code entry, exits ets into your trading system.
But a trading plan is much more than just writing down or keeping in your head how you will decide entry, exits and so on. It should include things like why you are trading, what markets you will trade, what bench marks you will use to measure your trading performance by, what type of stocks you will trade, managing risk and so on and so on.
led me to think he had only a basic plan since you can't physically hard code some of things I have in my plan.The concept of writing down a trading plan and pinning it on the wall is foreign to me.
stevo said:Fortunately we don't need a guarantee because it can't be given. But I will settle for "a very high likelyhood". If it doesn't work in the past then why would one want to trade it going forward?
The concept of writing down a trading plan and pinning it on the wall is foreign to me. I prefer to hard code it into a trading system - entries, exits, position sizing and anything else I want.
yogi-in-oz said:
tech/a said:Prime before I answer in any depth.
What timeframe will you be trading in?
babyboomer said:hello stevo
it appears you already have a basic trading plan, without realising it, by stating that you would like to hard code entry, exits ets into your trading system.
But a trading plan is much more than just writing down or keeping in your head how you will decide entry, exits and so on. It should include things like why you are trading, what markets you will trade, what bench marks you will use to measure your trading performance by, what type of stocks you will trade, managing risk and so on and so on.
Prime said:The time frame depends on the instrument I will use at the time.
(The following are listed on order of income stream type ... passive thru to opportunistic)
I have managed funds that will remain in place for years.
I currently use a buy/write strategy where the time frame is usually 1 - 3 months depending on whether or not I get exercised.
I write naked puts with a similar time frame expectancy as the covered calls.
I have direct equities that have medium to long term prospects.
I use CFDs where I feel there is a very high certainty of price movement in the desired direction.
I am still developing the trading parameters for active options trading but I expect the time frame will be anywhere from one day to three weeks.
nizar said:LOL do u know who ur talking to?
Stevo trades live (read his blogspot) and has been for several years now with amazing success.
Prime said:I've been writing my plan ... I'd like to know what others are putting in their plan.
My original questions was "I'd like to know what are others putting in their plan".tech/a said:So your looking for help in developing a trading plan in which area.
Weight of evidence (technical analysis) ... research (fundamental analysis) ... all of which looks at market, sector & stock information.tech/a said:How do you determine Very high certainty.
I'm ok with leverage ... I have risk and money management strategies and parameters in place. I dont see how adjusting position size has anything to do with leverage ratio? ... or are you talking about the margin requirements (hence LVR) of my broker?tech/a said:You need not use the full 10:1 leverage of CFD's either.
Use 3:1 or whatever by adjusting position sizing.
So far I haven't read much specific detail here except a few sage esoteric statements.Prime said:I'd also like to read about what others are successfully doing in terms of strategy / risk management / money management etc ...
Not if your trading is profitable.professor_frink said:I don't actually have a written plan.
Is that bad?
Perhaps I'm missing something here ...ice said:Not if your trading is profitable.
Now I come to think of it I don't either but then my plan is very simple as are the methods I employ to implement it.
Everyone is different.
ice
Am I treading on sacred ground in these forums where they are designed to discuss stock trading but participants don't/won't provide detail? ... or is it that I have inadvertantly graduated from the "Beginners Lounge" and need to seek out specific topics in other forums?
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