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Search: Posts Made By: monpere
Forum: Psychology and Money Management August 27th, 2011, 02:19 PM
Replies: 114
Views: 31,408
Posted By monpere
That has also been my experience so far, in terms...

That has also been my experience so far, in terms of break even and trails. In all the methods I have personally tried, full stop/full target has always performed better for me... But then again,...
Forum: Psychology and Money Management August 27th, 2011, 12:41 PM
Replies: 114
Views: 31,408
Posted By monpere
Stop thinking in ticks. +50 ticks on a trade is...

Stop thinking in ticks. +50 ticks on a trade is irrelevant, if the market had to go -90 ticks against your first before getting there, and you only felt comfortable with -20 ticks in the red. The...
Forum: Psychology and Money Management August 13th, 2011, 07:22 PM
Replies: 114
Views: 31,408
Posted By monpere
You can trade with a fixed reward risk/reward...

You can trade with a fixed reward risk/reward ratio, and still have variable size stops dictated by price action. This is only possible if you multiple contracts. You can use the Van Tharp...
Forum: Psychology and Money Management August 7th, 2011, 11:15 AM
Replies: 114
Views: 31,408
Posted By monpere
Liquicci, it's unfortunate that once in a while...

Liquicci, it's unfortunate that once in a while you will get some personalities who will behave like that, but the good news is, that some of them come to realize the error of their ways, and learn...
Forum: Psychology and Money Management August 5th, 2011, 08:38 AM
Replies: 114
Views: 31,408
Posted By monpere
In the 'Systematic Trading with MultiCharts'...

In the 'Systematic Trading with MultiCharts' futures.io (formerly BMT) webinar yesterday, the main trader from M3 Financial hedge fund summarized that this is exactly how he trades. He trades multi...
Forum: Psychology and Money Management August 4th, 2011, 10:45 PM
Replies: 114
Views: 31,408
Posted By monpere
The main point is, I think stops should be based...

The main point is, I think stops should be based on a market principle. In my case my stops are behind a swing high or low, but since my entries are very close to that swing high or low, then I can...
Forum: Psychology and Money Management August 4th, 2011, 07:10 PM
Replies: 114
Views: 31,408
Posted By monpere
I looked into various stop/target management, and...

I looked into various stop/target management, and the most advantageous for me was 2:1 reward/risk. My trading motto is 'Never sit through a pullback...trade them both ways! ;)'. Overall, my...
Forum: Psychology and Money Management August 4th, 2011, 04:06 PM
Replies: 114
Views: 31,408
Posted By monpere
I lost $6k like that in my very first week of...

I lost $6k like that in my very first week of trading...ouch! The guys I was following at the time taught a method of managing such losses from large gaps against your stock positions, by scalping...
Forum: Psychology and Money Management August 4th, 2011, 11:19 AM
Replies: 114
Views: 31,408
Posted By monpere
Regarding trailing stops and break evens, here's...

Regarding trailing stops and break evens, here's what I said on wordwary's thread:

In terms of trailing stops, I guess some people say that once you start trailing, you are reducing your risk on...
Forum: Psychology and Money Management August 4th, 2011, 10:51 AM
Replies: 114
Views: 31,408
Posted By monpere
I think that is a losing game, unless you are a...

I think that is a losing game, unless you are a long term trader building a large position size and averaging down as the market comes back against you.
Forum: Psychology and Money Management August 4th, 2011, 08:19 AM
Replies: 114
Views: 31,408
Posted By monpere
Come on, in the real world they would both bleed...

Come on, in the real world they would both bleed money. Superlative analogies seldom make convincing arguments.
Forum: Psychology and Money Management August 4th, 2011, 08:02 AM
Replies: 114
Views: 31,408
Posted By monpere
On the CL, I get around 40 to 50 signals per day,...

On the CL, I get around 40 to 50 signals per day, I generally trade the first 10 to 20, then quit for the day. I almost never am still trading past noon. Here's a chart of my method. I started...
Forum: Psychology and Money Management August 4th, 2011, 07:50 AM
Replies: 114
Views: 31,408
Posted By monpere
That looks like the perfect entry and stop...

That looks like the perfect entry and stop placement to me, why would anyone need a 20 tick stop for that kind of trade? If you have a good entry method, you can have a tiny stop.
Forum: Psychology and Money Management August 4th, 2011, 03:46 AM
Replies: 114
Views: 31,408
Posted By monpere
Ok, I'm gonna throw a wrench in this large stop...

Ok, I'm gonna throw a wrench in this large stop love fest. You have to qualify your statements with the style of trading you do, and what generally works for that style. I have traded the CL every...
Showing results 1 to 14 of 14

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