Kevin_in_GA
4,599 posts
msg #133324
- Ignore Kevin_in_GA |
12/20/2016 1:23:53 PM
Position sizing is very smart - focus on how much you are willing to lose, then use the natural volatility of the stock or ETF to determine the size of the bet. Example - if you are willing to lose up to but no more than $1000 on any given trade, and you want to take a position in one of your typical leveraged ETF trades, you can approach it as follows and adjust your thresholds to meet your own tolerances and objectives.
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pthomas215
1,251 posts
msg #133326
- Ignore pthomas215 |
12/20/2016 2:48:38 PM
Thank you both. Both comments help a lot. what a great filter Kevin.
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Kevin_in_GA
4,599 posts
msg #133327
- Ignore Kevin_in_GA |
12/20/2016 2:51:03 PM
If you are planning to short, you just ADD the 2ATR to the close price. The number of shares will be the same because it is set by the volatility, not the direction.
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shillllihs
6,094 posts
msg #133328
- Ignore shillllihs |
12/20/2016 2:54:28 PM
This is good stuff.
I've been taking smaller positions and diversifying more and though I don't get the same rush when I win, it takes the sting out of losses.
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shillllihs
6,094 posts
msg #133334
- Ignore shillllihs |
12/20/2016 10:38:14 PM
Bought Ung, Uso Kwt for buy n hold before the close.
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shillllihs
6,094 posts
msg #133342
- Ignore shillllihs |
12/21/2016 9:58:33 AM
Ok, we are clear for takeoff, VXX will peak out around 35-36, may dip into the 22s or just spike from here.
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shillllihs
6,094 posts
msg #133343
- Ignore shillllihs |
12/21/2016 10:59:26 AM
Got in Vxx 23.86 if it come back will buy more but this could move.
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shillllihs
6,094 posts
msg #133345
- Ignore shillllihs |
12/21/2016 1:47:57 PM
“It’s a sucker’s game. You can’t win out there, you understand. We got the percentages rigged all in our favor. The longer you stay, the more you play, the more chances you got of losing. I don’t let nobody around me who gambles. A couple thousand, okay, but no gambling!”
Famous Greek Mobster Gus Alex
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shillllihs
6,094 posts
msg #133346
- Ignore shillllihs |
12/21/2016 2:09:38 PM
Other than UNG which is rocking me,
December 21st 2016, nominee for the most boring day in stock market history.💩
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pthomas215
1,251 posts
msg #133348
- Ignore pthomas215 |
12/21/2016 2:57:53 PM
thanks shillihs. I have often wondered about the Investment strategies of Sammy "The Bull" Gravano.
Curious why you didnt wait until 20,000 dow to buy the vix?
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