Posted by DigiNomad on 28th of Sep 2022 at 04:18 pm
From an extremely simplistic point of view, you could allocate
say 5% of portfolio to BPT system trades. Easy? Nope. How many
system trades are in play over an average time frame? How do you
account for 2nd and 3rd entries? Etc. It's a complicated
puzzle.
The systems are so simple to follow, I'm frankly lost how this
is said to be complicated.
I run a "dumb program". Enter the trades when it enters, exit
when it exits. In between do nothing, don't read news, watch the
market, or trade.
My grandson knows how to do it and he's going on 8. He's
says Papa what does the system say to do today? It's that simple.
Less is more.
If I'm already long in one trading system, I stick with it and
don't start others. I will add 2nd or 3rd entries in the system I'm
using if needed. Everything else is informational to me.
As said before specialists make money, others typically waste
time and money. Master a strategy and stick with it.
Well said Fundamentalvalues. I do though run up to 5 systems and
have a spreadsheet in which I calculate how many contracts for
every signal. With options I calculate a $ value and do those as
well.
Posted by DigiNomad on 28th of Sep 2022 at 05:15 pm
Agree. I took "master a strategy and stick to it" to another
level in personal portfolios. Maybe complex to some, but it's like
mowing the lawn for me at this point.
Matt's system trades do affect how I balance these opposing
positions.
Posted by DigiNomad on 28th of Sep 2022 at 04:39 pm
Strategy is everything. You didn't describe yours for
multiple strategies in play. What % of net liq or buying power do
you allocate per system? Have you ever been pressed (aka margin
call) with too many systems in play and second entries ?
DigiNomad, I have shared my spreadsheet with number of contracts
etc with a few members already. If you are interested please e-mail
me on mundy@iafrica.com
If this is for me, please read my full post. It is that simple
for me. No margin calls, or complicated moves otherwise, I use
cash. And set amounts for entries. Use a dollar amount or
percentage, whatever is comfortable.
I've taught my grandson, he is my new trading partne, and you
all here on the site.
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From an extremely simplistic point
It think it would be a good idea if we're ...
Posted by DigiNomad on 28th of Sep 2022 at 04:18 pm
From an extremely simplistic point of view, you could allocate say 5% of portfolio to BPT system trades. Easy? Nope. How many system trades are in play over an average time frame? How do you account for 2nd and 3rd entries? Etc. It's a complicated puzzle.
The systems are so simple
Posted by fundamentalvalues on 28th of Sep 2022 at 04:29 pm
The systems are so simple to follow, I'm frankly lost how this is said to be complicated.
I run a "dumb program". Enter the trades when it enters, exit when it exits. In between do nothing, don't read news, watch the market, or trade.
My grandson knows how to do it and he's going on 8. He's says Papa what does the system say to do today? It's that simple. Less is more.
If I'm already long in one trading system, I stick with it and don't start others. I will add 2nd or 3rd entries in the system I'm using if needed. Everything else is informational to me.
As said before specialists make money, others typically waste time and money. Master a strategy and stick with it.
Well said Fundamentalvalues. I do
Posted by mundy on 28th of Sep 2022 at 07:46 pm
Well said Fundamentalvalues. I do though run up to 5 systems and have a spreadsheet in which I calculate how many contracts for every signal. With options I calculate a $ value and do those as well.
Agree. I took "master a
Posted by DigiNomad on 28th of Sep 2022 at 05:15 pm
Agree. I took "master a strategy and stick to it" to another level in personal portfolios. Maybe complex to some, but it's like mowing the lawn for me at this point.
Matt's system trades do affect how I balance these opposing positions.
Thanks for sharing man
Posted by fundamentalvalues on 28th of Sep 2022 at 05:57 pm
Thanks for sharing man
Strategy is everything. You didn't
Posted by DigiNomad on 28th of Sep 2022 at 04:39 pm
Strategy is everything. You didn't describe yours for multiple strategies in play. What % of net liq or buying power do you allocate per system? Have you ever been pressed (aka margin call) with too many systems in play and second entries ?
DigiNomad, I have shared my
Posted by mundy on 28th of Sep 2022 at 07:39 pm
DigiNomad, I have shared my spreadsheet with number of contracts etc with a few members already. If you are interested please e-mail me on mundy@iafrica.com
If this is for me,
Posted by fundamentalvalues on 28th of Sep 2022 at 04:50 pm
If this is for me, please read my full post. It is that simple for me. No margin calls, or complicated moves otherwise, I use cash. And set amounts for entries. Use a dollar amount or percentage, whatever is comfortable.
I've taught my grandson, he is my new trading partne, and you all here on the site.