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Posts Made By:
ReaM
Forum:
Psychology and Money Management
August 6th, 2011, 07:13 PM
Replies:
114
Tight Stops can give false comfort
Views:
31,396
Posted By
ReaM
And yes, we should stop that. Good Luck
And yes, we should stop that.
Good Luck
Forum:
Psychology and Money Management
August 6th, 2011, 07:05 PM
Replies:
114
Tight Stops can give false comfort
Views:
31,396
Posted By
ReaM
And you still should give up on two things: ...
And you still should give up on two things:
1. Tight stops give comfort
This is WRONG. Large stops give more comfort. Letting loosers run seems more comfortable psychologically. Tight stops have...
Forum:
Psychology and Money Management
August 6th, 2011, 06:48 PM
Replies:
114
Tight Stops can give false comfort
Views:
31,396
Posted By
ReaM
I don't trade futures. I trade spot currencies. I...
I don't trade futures. I trade spot currencies. I know what futures are, a contract at a settlement date in the future at a price that is decided now. I know US futures have quarterly experation...
Forum:
Psychology and Money Management
August 6th, 2011, 08:40 AM
Replies:
114
Tight Stops can give false comfort
Views:
31,396
Posted By
ReaM
Tight stops are the least comfortable thing in...
Tight stops are the least comfortable thing in the world <--- this is what I said in my previous post.
Large stops feel a lot more comfortable.
Forum:
Psychology and Money Management
August 6th, 2011, 07:39 AM
Replies:
114
Tight Stops can give false comfort
Views:
31,396
Posted By
ReaM
Well, obviously I will not tell my edge to...
Well, obviously I will not tell my edge to anyone, because it will stop being an edge. In my whole life I only found two things that work and before I found them I was trading systems that had no...
Forum:
Psychology and Money Management
August 6th, 2011, 07:06 AM
Replies:
114
Tight Stops can give false comfort
Views:
31,396
Posted By
ReaM
A strategy that has no edge will not get...
A strategy that has no edge will not get slaughtered by one tick SL, it must remain the same.
I will try to use one pip stop live in September (that's where I will have time) with a system that...
Forum:
Psychology and Money Management
August 6th, 2011, 06:54 AM
Replies:
114
Tight Stops can give false comfort
Views:
31,396
Posted By
ReaM
Very good words. If you look at...
Very good words.
If you look at profitability statistics, then to find an edge is almost impossible. I have to refer to my favorite Market Wizards book again :). In Tom Baldwin's interview he...
Forum:
Psychology and Money Management
August 6th, 2011, 06:46 AM
Replies:
114
Tight Stops can give false comfort
Views:
31,396
Posted By
ReaM
Never use a tight stop because it gives you...
Never use a tight stop because it gives you comfort that you are some how protecting your capital.
A tight stop can cause larger draw downs and reduce the expectancy of your system in a significant...
Forum:
Psychology and Money Management
August 5th, 2011, 06:27 PM
Replies:
114
Tight Stops can give false comfort
Views:
31,396
Posted By
ReaM
It does. I state that stop loss placement don't...
It does. I state that stop loss placement don't matter. For a certain system they of course do.
But what I am trying to disprove: there is no reason tight stop loss won't work. Because it works...
Forum:
Psychology and Money Management
August 5th, 2011, 06:11 PM
Replies:
114
Tight Stops can give false comfort
Views:
31,396
Posted By
ReaM
I must say I did not understand either of your...
I must say I did not understand either of your four sentences. But I'll explain further.
Imagine you are using the coin flip system (R:R 1:1). After many many trades. I am talking ten thousand...
Forum:
Psychology and Money Management
August 5th, 2011, 05:50 PM
Replies:
114
Tight Stops can give false comfort
Views:
31,396
Posted By
ReaM
Exactly. If you for example decide to double your...
Exactly. If you for example decide to double your stop loss. For example from R:R 1:1 to 2:1. Then your win ratio will be 66.66% and loss ratio 33.33% instead of 50/50%.
Forum:
Psychology and Money Management
August 5th, 2011, 05:23 PM
Replies:
114
Tight Stops can give false comfort
Views:
31,396
Posted By
ReaM
Tight stop or not, it does not matter. If...
Tight stop or not, it does not matter.
If your stop is 1 point and take profit 100 then without edge and commissions you will loose 99 times per one win (we assume position sizing is always the...
Showing results 1 to 12 of 12
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