>>> I've enjoyed Q8's posts and understood what he was trying to do. <<<
Initially, when he started posting, I wasn't quite sure what he was doing. However, I got a chance to meet him and sit in front of his computer to watch what he does and how he does it. I was able to pick up a few ideas.
I saw first hand how he covers his losing positions with options and I saw his actual positions, both equities and options. I also saw his longer term positions. The ones he doesn't mention.
It's not his overall portfolio he is sharing here, it's his day trading strategies that he's sharing, to show how this strategy helps to bring in consistent profits. He's also showing how he's using margin in this very dangerous market environment.
Personally, I don't mind when anyone shares their position size, and ... I'm not even opposed to bragging rights as long as you share your strategy, preferably in real time. I find messages that reveal I bought yesterday and am up nicely today to have no meaningful value unless they can share the strategy going forward.
I would much rather hear the strategy when someone buys as opposed to I'm buying so and so. Someone may buy a stock at the low, but the position may be so small, it has no meaningful impact on the portfolio.
I find that telling what size the position is, in relation to the overall size of the portfolio, is very helpful in determining strategies.
For example, timing is important to me because a full position represents 10% of the portfolio value. Therefore, I think it makes more sense to people to understand why I'm not interested in catching bottoms or buying on steep sell offs. When I buy, I usually buy a full or half position, I don't ease in. If I'm wrong, I get crushed due to position size. Therefore I must wait and catch price as it is rising, yet still have a better result than some, impact wise to the portfolio, because of the size of the position.
Knowing what a full position is for me, others can see why I never average down. However, if someone is trying to buy a bottom and buying small positions, less that 1% of their total portfolio value, then I understand the value of their average down strategy if price continues to fall.
Anyway, I enjoyed his posts when he posted them, enjoy yours too. |
