Hello girls and boys, i wish to thank ff for all the effort put together in shorting the learning courve needed by every one and also to all the people here that are helping others get things straight when it comes to trading live in the markets of any kind, even to those being sarcastic or just droping nasty comments, to be honest every bit of traders sentiment and knowledge helps when you are at the beggining of this very remarkable job of understanding the markets and geting the edge in trading, i've been the typical trader i guess, started trading forex because of the lure of "get rich quick and easy" but as one has said before , trading is the hardest way to make easy money, blown 2 forex mini accounts , one with forex.com and one with interbankfx.com wich i have to state that had absolutelly nothing to do with me being ignorant of the drawbacks of not having and stayng with a trading plan and now down 30% down in an account that allows me to trade options on fx stocks , cfds, futures and even bonds not to mention that i have no proper experience of trading those, after being burnt on so many ocasions i have been stuborn enought to go back to the drawing board each time and figureing out what was the reason of completelly blowing out on those opportunities wich now seems so obvious that i even feel shamed to tell anyone, have been looking deeper into the sector rotations and ordered books helping me understand where i've done wrong and came to the conclusion that one should not try to predict the markets, among the books that i've read the ones that stand out to me are , how to make money in stock , how to trade in stocks and way of the turtle, what i am trying to put here is that i am in the process of writing a plan to trade stocks using a sligtlly remake of CAN SLIM formula that incorporates upward earnings surprise and also determining stocks using the dollar COT, sector rotation and the yield courve, as my job for the last 6y is profesional acrobat/dancer i do not hold much knowledge in mathematics and i am humblly asking for help from better trader that can help me figure out how to place position size orders based on volatily in the market traded , as stated in the way of the turtle they used and N factor wich helped them adjust the positions and stops by the greatest volatility in the last 10,20,30 days etc.
Would like to have a formula for placing stock orders stops based at the greatest one day change (highest high to lowest low) percentage thus reducing the size of the position in more volatile stocks and increasing the position for the less volatile stocks
I would like my greatest account risk per trade to be 2% wich can grow up to 2.5% depending on other favorable factors and greatest risk per size of trade to be limited to 10% risk of the position.
Regardless of the results of my inquiry i wish to thank everyone and also wishing happy hollydays to all.Suciu Adrian
Would like to have a formula for placing stock orders stops based at the greatest one day change (highest high to lowest low) percentage thus reducing the size of the position in more volatile stocks and increasing the position for the less volatile stocks
I would like my greatest account risk per trade to be 2% wich can grow up to 2.5% depending on other favorable factors and greatest risk per size of trade to be limited to 10% risk of the position.
Regardless of the results of my inquiry i wish to thank everyone and also wishing happy hollydays to all.Suciu Adrian