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Mike,
I don't believe in fear, greed or denial.
Jimmy
Tuesday, December 14, 2004, 3:23:24 PM, you wrote:
mb> LOL!
>>>It is really simple. When you broker
>> statement arrives
>> and says $295,000 then you are stopped out for five
>> years. This works
>> really well for me<<
mb> Jimbo, thought that would work for me as well.
mb> Unfortunately, I made a profound realization that
mb> DENIAL is stronger than either fear or greed!
mb> Merry Christmas.
mb> mike
mb> --- Jimmy <jhsnowden@xxxxxxxxxxxxx> wrote:
>> I would stick to 1 contract of each max. with
>> $300,000 of starting
>> capital. Use a dollar stop loss. You don't need to
>> code the dollar
>> stop loss. It is really simple. When you broker
>> statement arrives
>> and says $295,000 then you are stopped out for five
>> years. This works
>> really well for me.
>>
>> Jimmy
>> typo king
>>
>> Tuesday, December 14, 2004, 12:44:54 PM, you wrote:
>>
>> sec> Hello all...
>> sec> In the new year I'm planning to daytrade a
>> basket of around 6 or 7
>> sec> different e-mini contracts (e-mini S&P, e-mini
>> Nasdaq, etc.). My
>> sec> starting capital will be around US$30,000 and
>> I'm just wondering
>> sec> what sort of money management/position sizing
>> strategy would be
>> sec> optimal (and keep me out of "ruination").
>> sec> Should I allocate a similar dollar amount
>> evenly to each of my 7
>> sec> instruments and treat each individually, or
>> should I treat them all as
>> sec> one singular 'basket?. It's a toughie. Any
>> input would be most
>> sec> appreciated!
>>
>> sec> Cheers
>> sec> Shawn
>>
>>
>>
>> --
>> Best regards,
>> Jimmy
>> mailto:jhsnowden@xxxxxxxxxxxxx
>>
>>
>>
--
Best regards,
Jimmy mailto:jhsnowden@xxxxxxxxxxxxx
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