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Tech knows the drill

As Howard Bandy advocates trade frequently , trade accurately , hold a short period of time .

There is risk taken care of .. trade a lot so no 1 trade puts you under duress , trying to add 20% to account in one trade increases risk of ruin , doing 50 trades to make 20% doesn't . Accuracy is a high hit rate with applicable risk management to make expectancy palatable . Time is risk so keep them trades short , less time in market = less chance **** going south . Trade when the market is active , play golf when it isn't . XJO for instance does a massive part of daily range in first 90 minutes , SPX same . Take a proportion of that range and be done . There are many ways to deal with risk , it aint rocket science . BUT unless you do stats on this type of stuff you are clueless ( don't be clueless ) .. I'd rather be a sytems trader flying on blind luck than be a non systems trader flying totally blind ( insert sarcasm emoji ) The OP just doesn't get it or just likes to argue ( he is a lawyer afterall and will continue to argue even when he knows he isn't correct , it's his job . Don't give him practice ) . Its not difficult to do this systems stuff logically ..

<blockquote data-quote="Quant" data-source="post: 949569" data-attributes="member: 66128">Tech knows the drillAs Howard Bandy advocates trade frequently , trade accurately , hold a short period of time .There is risk taken care of ..&nbsp; trade a lot so no 1 trade puts you under duress , trying to add 20% to account in one trade increases risk of ruin&nbsp; , doing 50 trades to make 20% doesn&#039;t&nbsp; . Accuracy is a high hit rate with applicable risk management to make expectancy palatable . Time is risk so keep them trades short , less time in market = less chance **** going south&nbsp; . Trade when the market is active , play golf when it isn&#039;t&nbsp; .&nbsp; XJO for instance does&nbsp; a massive part of daily range in first 90 minutes , SPX same . Take a proportion of that range and be done . There are many ways to deal with risk&nbsp; , it aint rocket science&nbsp; . BUT unless you do stats on this type of stuff you are clueless ( don&#039;t be clueless ) .. I&#039;d rather be a sytems trader flying on blind luck than be a non systems trader flying totally&nbsp; blind&nbsp;&nbsp; ( insert sarcasm emoji ) The OP&nbsp; just doesn&#039;t get it or just likes to argue ( he is a lawyer afterall and will continue to argue even when he knows he isn&#039;t correct , it&#039;s his job . Don&#039;t give him practice )&nbsp; . Its not difficult to do this systems stuff logically&nbsp; ..</blockquote>

[QUOTE="Quant, post: 949569, member: 66128"] Tech knows the drill As Howard Bandy advocates trade frequently , trade accurately , hold a short period of time . There is risk taken care of .. trade a lot so no 1 trade puts you under duress , trying to add 20% to account in one trade increases risk of ruin , doing 50 trades to make 20% doesn't . Accuracy is a high hit rate with applicable risk management to make expectancy palatable . Time is risk so keep them trades short , less time in market = less chance **** going south . Trade when the market is active , play golf when it isn't . XJO for instance does a massive part of daily range in first 90 minutes , SPX same . Take a proportion of that range and be done . There are many ways to deal with risk , it aint rocket science . BUT unless you do stats on this type of stuff you are clueless ( don't be clueless ) .. I'd rather be a sytems trader flying on blind luck than be a non systems trader flying totally blind ( insert sarcasm emoji ) The OP just doesn't get it or just likes to argue ( he is a lawyer afterall and will continue to argue even when he knows he isn't correct , it's his job . Don't give him practice ) . Its not difficult to do this systems stuff logically .. [/QUOTE]

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