userque & NUGT/DUST

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RealMoneyIssues said:
gold miners haven't figured out what direction they are going yet this morning...
Click to expand...

Yeah, it seems to waffle a lot throughout the day...time will tell.

Btw, I've given the system today's opening price and am currently running the analysis for todays close; so far, it's wanting to stay in nugt, so there's that.

...thanks for sending that this morning!:smile:
 
userque said:
Yeah, it seems to waffle a lot throughout the day...time will tell.

Btw, I've given the system today's opening price and am currently running the analysis for todays close; so far, it's wanting to stay in nugt, so there's that.

...thanks for sending that this morning!:smile:
Click to expand...

About to hit my limit stop... then it will bounce high since that is my luck...
 
RealMoneyIssues said:
About to hit my limit stop... then it will bounce high since that is my luck...
Click to expand...

Yeah, I don't use price stops with this system (that's another speech), but position size can also be used manage risk. An analysis would have to be run to find which is most profitable, and with what parameters.

I personally believe trading this system balls to the wall is most profitable; but of course, you can't trust it like I can.
 
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userque said:
Yeah, I don't use price stops with this system (that's another speech), but position size can also be used manage risk. An analysis would have to be run to find which is most profitable, and with what parameters.

I personally believe trading this system balls to the wall is most profitable; but of course, you can't trust it like I can.
Click to expand...

How do you limit risk yourself? If you're investing 100% of your money every trade, you should probably change names with nuutt!
 
k0nkuzh0n said:
How do you limit risk yourself? If you're investing 100% of your money every trade, you should probably change names with nuutt!
Click to expand...

Yikes!

The chart I post is example of 100% investment. Going 100% S for years is an example of 100% investment.

Risk is personal. Risk is not an absolute outcome. Everyone has an opinion as to what others should be doing.

Everyone should trade, with their money, as they see fit.

I could tell you more, but you and your buddy continue to pop up out of nowhere whenever I post successful calls (TNA/TZA in the past). Which is fine. But like I mentioned before, you still haven't answered any of my questions; and I've answered most, if not all (save today), of yours.:D
 
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userque said:
k0n,

I was referring to this chart. Now, neither of us knows exactly what the future markets hold; but in the here and now and past, I'm think I'm doing alright. When you actually see 'risk' giving me problem...do tell.
Click to expand...

Chart doesn't show up for me (in the original post, or in the quote).

I was just curious how you traded high-risk ETFs. I assumed you allocated only a portion of your funds to DUST/NUGT. But maybe that initial assumption was wrong, hence the joke.

Personally, the higher the volatility, the smaller sizes I use. In a TNA/TZA trade I'd trade lots of 10-20k. VIX/NUGT/DUST, I usually trade lots of 5-10k.

I was also curious, if you didn't trade 100% of your account value, if you did a fix amount (ish) each trade, or whether you rolled-in gains. I personally do not roll in gains... at least not in the short term. Long term (6 month+), as my account changes, my lot sizes change... whether that is up or down.
 
k0nkuzh0n said:
Chart doesn't show up for me (in the original post, or in the quote).
Click to expand...

Basically, it shows my system turning 10k into 13.6k in 22 calendar days.

k0nkuzh0n said:
I was just curious how you traded high-risk ETFs. I assumed you allocated only a portion of your funds to DUST/NUGT. But maybe that initial assumption was wrong,
Click to expand...

I have to allocate a portion as I am trading in a cash account and have to deal with the 3 day settlement rules. However, I maximize that allocation as best as I can.

k0nkuzh0n said:
hence the joke.
Click to expand...

Everyone above age 5 knows that all jokes are meant to really be jokes. I am the ultimate decision maker with regard to whether someone is actually joking with me, or trying to be offensive.

k0nkuzh0n said:
Personally, the higher the volatility, the smaller sizes I use. In a TNA/TZA trade I'd trade lots of 10-20k. VIX/NUGT/DUST, I usually trade lots of 5-10k.

I was also curious, if you didn't trade 100% of your account value, if you did a fix amount (ish) each trade, or whether you rolled-in gains. I personally do not roll in gains... at least not in the short term. Long term (6 month+), as my account changes, my lot sizes change... whether that is up or down.
Click to expand...

My plan is always, usually, to begin small, as profits grow, increase allocation exponentially; decrease with sustained losses. For the simulation, I went all-in.

My system generates signals. There is no way an unlicensed trader can meaningfully and legally give specific allocation advice, especially without knowing the life-details of the customer. A knowledgeable trader only needs the signals. They can figure their own allocations/stops.

IOW, my simulation allocations aren't meant to be followed. IMO, they illustrate the maximum potential of the system, and of course, at maximum risk. This risk can't be determined by a casual visitor to the forums, but instead by actual performance data...'what I do.'
 
userque said:
Wow, you didn't see the one I just posted? OK, I'll find somewhere on the internet to post them, then post a link to that as a workaround.

Btw, the 1944 Gaslight was a good movie!

Gaslight (1944) - IMDb
Click to expand...

Agree! Gaslight is a classic!

Btw, I decided not to pound down on my computer last night, but instead I pounded down a bottle of Pinot Grigio. :haha:
 
k0nkuzh0n said:
How do you limit risk yourself? If you're investing 100% of your money every trade, you should probably change names with nuutt!
Click to expand...

To be clear, when I said 'risk' I was talking specifically about trading NUGT/DUST, not just any-old investing.

I'd call anyone who traded 100% of their money (all life's savings) on such a volatile pair, good system or not, crazy! And I would hope you would too. I thought that extreme of a case was safe to heard as a joke. I almost always move 100% of my TSP on buy/sells, but its not going to change by double digits in a day or so, regardless of the source of buy/sells.
 
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