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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (12266)	1/9/1999 6:47:00 PM
From: Tom Trader	Respond to of 44573

Hi Fred -- all of what you stated makes sense You are referring to a situation where one is talking about adding contracts in a manner that would be logical if one got a signal. At what point one should add contracts and exit the contracts. Yes, in that instance, I'd only add contracts to what was already a winning trade. But what I am referring to is how many contracts one should initiate in the first place assuming that one were aware of the performance of the system in the context of a particular market. The other piece that I neglected in my original post was that given that I trade the bonds, spoo and yen at this time, and each has it's own relevant statistics for performance, how would one allocate ones funds to these different markets in a way that would achieve optimal use of the funds -- always assuming, of course, that the statistical performance stays consistent. In other words supposing I had $100K available to trade futures, how many contracts should I have in each of these markets based on the performance statistics. Now the logical thing would be to trade the one that is the best performing one but that would not provide me with the diversification that I need. Hope that you understand the gist of what I am trying to say.

To: Stoctrash who wrote (12266)	1/9/1999 9:16:00 PM
From: robert b furman	Read Replies (1) \| Respond to of 44573

WHOA Fred , And I quote "Quasi-transitivity of the binary relations or an axiomatization of the disjunctive permission value " In short Tom you hang it out there until you get so hot you pull that velcro shorties off and do it until you bail or make money. I personally don't think any egghead institution that features 100 % rank and file( all educated well beyond there level of intelligence) can hold a tinkers darn to what any experienced trader can intuitively feel.After all you are what the market is.Your gut feel of the way a market perceives current events is what differentiates your success. Perhaps my take is over simplified - however on the other side of the pendulum is an over complicated model that just doesn't come close. IMHO LTCM is the classic case study. Don't try to define it- rather have confidence and listen to it.You are on the money already WING WITH IT and SMILE . JMHO It takes balls don't fight it flaunt it.hehehe Bob