Systems, Strategies and Resources for Trading Futures Message Board

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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: GROUND ZERO™ who wrote (37116)	10/16/1999 11:55:00 PM
From: Patrick Slevin	Read Replies (1) of 44573

< Any one else have any thoughts on this?> In addition to what I've already mentioned, I think the only caveat here is the fact that people won't be able to do this in Real Life. It's impossible to turn around and think that you can drop $50K on a trade and just double up to make it back when you have been taken out of 20% of your equity. Real Life isn't so kind. It's a good thing to get the experience trying to peg moves hither and fro, but it's unrealistic to chase moves with doubling up except for all but the most accomplished traders. I notice some of the contestants aren't trying to do that, yet they are unsuccessful both day traders and position traders. Yet those are the more realistic results. You are a reasonable person, for example. You aren't in a pit, so you would not chance 20 or so contracts on a one point move giving back half on slippage and vig. More power to you for being able to do it in the Contest, but neither you nor I or even Nemer would try to do that outside of a pit unless we had gone completely nuts.

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