<do you short too> Yes, I probably average (shorting) about 30% of the time, more in this kind of market environment. I enjoy shorting greatly, would do it exclusively if it worked... they do indeed fall faster than they rise; and I find it much easier to determine the risk point (stop loss level).
I know what you mean about being "ruined" by big gains -- the Pristine guys have some great teachings about this. They call it "making good money the wrong way". It's a precursor to many, many blowup stories. Lots of them out there right now! :)
It's difficult to trade for $1,$2 when you neighbor just made $500K on EBAY and doesn't know a thing about the market... doesn't bother a seasoned trader a bit. There is nothing more powerful than being able to consistently grow an equity curve, though... it is much more lucrative over time, than getting a few home runs due to luck and good fortune. The exciting thing is, it SCALES very well -- as your account grows, the skill still applies and you just keep doing the same thing, scaled up. Think about that, if you're doing a hundred percent plus return a year (or more) CONSISTENTLY, in all kinds of markets. That's trading as it should be! More effort, more return. The EBAY home-runners will never see that.
|
