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OCC

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Joined: 3/7/2013

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Subject : Read the IB Webinar Notes
Posted : 3/7/2013 6:04 PM
Post #24420 - In reply to #24378

The Webinar Notes make worthwhile reading.
Illustrates effects of thoughtful position sizing and R multiple profit taking.

a nugget:
"Guiding principles:
No one loss can ever take you out of the game
Minimize the damage from a string of losses
Eliminate degrees of freedom
Drive toward consistency in the bottom line"

Consider the wisdom to temper temptations to over-commit capital (and risk blowing up an account) to chase "too good to be true" equity end values that don't fit real-world liquidity/slippage conditions.

Thanks to all who have posted good ideas for Risk Control Requests.
Let's hope that Nirvana will take heed, and raise levels of sophistication for risk controls at trade, portfolio, and account levels.
Deleting message 24420 : Read the IB Webinar Notes


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