JB, we have no problem with this discussion although it would be better suited for our Nuts and Bolts (threads) section, where posts have a longer shelf life and discussions can be continued for a longer time.
sofia kaprikorn 12:09:43 GMT - 01/07/2010
if you would allow I could e-mail you or use the help forum.
U.K J.B 12:07:16 GMT - 01/07/2010
I have no problem answering at all . Good questions i am not sure Jay/John would want us taking up the space here though.
sofia kaprikorn 12:01:36 GMT - 01/07/2010
J.B - hello and tnx for attn.
I wanted to ask as continuation of some previous conversations on trading and risk mgmt - you mentioned once you like to scale in gradually and give around 2% of total equity per whole position.
1. building positions - would I be correct in assuming you start building position in increments of like 0.5% so as the price moves around your initial level you scale in in 3-4 levels until you build the whole limit you allocate per this trade idea?
2. call levels - I've read in Market Wizards Bruce Kovner said the same that he leaves no stops however at particular levels he has organized so that the positions are liquidated.
while I understand hr idea of a call level - I wanted to ask how much would you risk per position until you throw in the towel?
I realize this might be sensitive info so I'd respect your unwillingness to answer specifics. tia!
U.K J.B 11:43:14 GMT - 01/07/2010
Sofia Kaprikon- i am here for a short while if u would like to fire away. I try and answer questions but as you can appreicate i am not here all the time. If i dont reply i am not being rude just missed the post.
USA ZEUS Thanks appreciate your kind words and also San Diego bobl a excellant post. Obviously i have many views on this but a little pushed for time today.
sofia kaprikorn 22:46:44 GMT - 01/06/2010
J.B - when you are around - may I pls ask you a risk mgmt q on leverage and call levels?
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