Matt has said that normally 2 to 3 maybe 4 systems are in a
trade at one time. Yes to taking every trade and I finally
have started to do that and have been rewarded. Thanks Matt!
There use to be a tool to explore differeent position sizes.
What I found to be the best for me was always take the 1st
entry and the 2nd and 3rd I used the 2X and 3X per the system but I
used 150% capital of the 1st entry. I tried no first entry
and varied capital for the 2nd and 3rd and this worked best.
"Matt has said that normally 2 to 3 maybe 4 systems are in a
trade at one time"
no that is not the norm. The norm is 1 system on SPY and ES. 3
and 4 systems being long is during times when the market is getting
very oversold stretched and multiple systems start to take trades -
but that is not the norm
as an example let's say that one wanted to set the hard amount
of entries to 12. in 80/90% of time you would only be using a 2 or
3 entries of the 12, most of the time the majority if the capital
you set aside for the trades would not be used
Posted by DigiNomad on 8th of Dec 2022 at 05:38 pm
Love the example here: "let's say that one wanted to set the
hard amount of entries to 12. in 80/90% of time you would only be
using a 2 or 3 entries of the 12, most of the time the majority if
the capital you set aside for the trades would not be used"
With the addition of some probabilities it's starting to get
to a place where a system can be developed (a system for the
systems). Maybe I / we could compile the data on systems over
the last year to give more clarity on various statistics for trades
in play during the period (average, mean, etc)?
Maybe I'm looking at it wrong. Since these are essentially
swing trades, maybe it would be easier to set profit targets as a
percentage of portfolio instead of trying to work with percentage
allocations on each trade. *I work with a lot of portfolios so I
kinda have to overthink it like this.
2 to 4 systems at
2023 New Years Resolution. I know I'm jumping the gun, ...
Posted by bk1976 on 8th of Dec 2022 at 02:09 pm
2 to 4 systems at play max
Matt has said that normally 2 to 3 maybe 4 systems are in a trade at one time. Yes to taking every trade and I finally have started to do that and have been rewarded. Thanks Matt! There use to be a tool to explore differeent position sizes. What I found to be the best for me was always take the 1st entry and the 2nd and 3rd I used the 2X and 3X per the system but I used 150% capital of the 1st entry. I tried no first entry and varied capital for the 2nd and 3rd and this worked best.
"Matt has said that normally
Posted by matt on 8th of Dec 2022 at 02:33 pm
"Matt has said that normally 2 to 3 maybe 4 systems are in a trade at one time"
no that is not the norm. The norm is 1 system on SPY and ES. 3 and 4 systems being long is during times when the market is getting very oversold stretched and multiple systems start to take trades - but that is not the norm
as an example let's say that one wanted to set the hard amount of entries to 12. in 80/90% of time you would only be using a 2 or 3 entries of the 12, most of the time the majority if the capital you set aside for the trades would not be used
Love the example here: "let's
Posted by DigiNomad on 8th of Dec 2022 at 05:38 pm
Love the example here: "let's say that one wanted to set the hard amount of entries to 12. in 80/90% of time you would only be using a 2 or 3 entries of the 12, most of the time the majority if the capital you set aside for the trades would not be used"
With the addition of some probabilities it's starting to get to a place where a system can be developed (a system for the systems). Maybe I / we could compile the data on systems over the last year to give more clarity on various statistics for trades in play during the period (average, mean, etc)?
Maybe I'm looking at it wrong. Since these are essentially swing trades, maybe it would be easier to set profit targets as a percentage of portfolio instead of trying to work with percentage allocations on each trade. *I work with a lot of portfolios so I kinda have to overthink it like this.
sorry, thanks for the correction
Posted by bk1976 on 8th of Dec 2022 at 02:36 pm
sorry, thanks for the correction
150% on 2nd and 3rd?
Posted by mastermind on 8th of Dec 2022 at 02:11 pm
150% on 2nd and 3rd?
150% of the 1st entry
Posted by bk1976 on 8th of Dec 2022 at 02:13 pm
150% of the 1st entry capital
If 1st entry 10K then 2nd and 3rd 15K each