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amazinday
Wed Jun 23, 2010 12:42 pm


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Capt. Kirk:
Are you adding size even though trading less?  As Al says, you should not seek to trade more often but trade more size.
Al believes the money is in volume of contract size, not volume of trades made per day.  Al quotes Buffet: if it is worth 0.01 then it is worth 0.10.

I think John has a good idea.  Track what trades you didn't take because of Al's caution but wanted to and see if they would lose you money or make you money.  Then track taking the trades you did that Al thought were high probability and see if adding more size might have made you more money versus trading more.

I hate it when I reach my daily loss limit from weak trade setups and can't trade any more for the day and then the really good trade setup comes along and I can't take it. Patience always pays better for me but it sure isn't much fun to just watch without participating for 2-3 hours.