Replies to post #78902 on Simple's Green Room

[Qui-Gon Kagi]

I do hear you SG! And that's been just it for me......nickle and diming my account by 150% in one year with small positions and tons of scalping. Then taking huge hits when I took large lot postions. There's more psychology related risk with large lot postions than there is risk associated with the pure math of it and that's where the problem has been for me. I'm hoping the book helps give enough insight and confidence to enable the larger lot positions 'cause I'm sick to death of babysitting the charts. Large lot trades with tight stops is what I want; what I end up with may be something different. Oh and 150% on $500.oo account isn't worth the time. I now am down to $970.oo from a high of $1,350 two months ago, and need to do a lot better than 150% annual gains. I might as well go out and get a real job. lol

[PanicButton]

SimpleGreen, thank you for that bit of insight into what that part of the book said. I think what the author is trying to say is that retail (amateur) traders should keep their risk very very low and let their investments (other people's dreams) grow. If their investments grow then that is wonderful because then the investor's (retail trader's) family and posterity may prosper for generations to come. I learned very early on in my trading that is was a very VERY dangerous game! It was dangerous for me but the book taught me that it was downright destructive to other people's dreams. I will leave trading up to the pros such as Greg Michalowski he can do it with minimal fear and greed. Trading is HIS job, NOT mine!

I really think the book is about investing for the future, not trading.

I gotta go right now, I have to get back to work on my own dream, my family has invested in me and I don't want to let them down.

Catch ya a little later

PanicButton

PS- I still haven't finished the book.