JONGO - you have me stumped on most of those questions mainly because i have been trading (if you can call it that) over the last three months with a number of bad habits on a platform that i am unfamiliar with... i am most definately down over this period... my previous experience has been with the selection of companies which are undervalued on many fronts, and with this style i have been reasonably successful over the years. ... i don't have a win / loss ratio that i am aiming at... and most of the time i dont use stops, not totally sure about that, i forget half the time.
i did not enter this arena to make chicken feed, or as a hobby just to pass the time either.
i think what you might be getting at what is my trading philosopy, and how do i enact it.
my initial plan was to make money shorting companies which are in obvious distress eg. qantas, or are going badly and likely to continue to do so.... decreasing profits each year, and increasing debt each year - virgin and ten network are another couple that i have found, but they are more illiquid stocks on these platforms... the retailers that i and flemster have been discussing, but we are a little bit early on some of these yet.
looking at qantas i should have been going much bigger with this, i think... i am not frightened to go big if if i consider that i have got an enormous safety factor, and obvious potential for some decent gains- ie the the degree of confidence and security and the potential for gain, the bigger the bet, little bets on ones that you are not so sure of... i am not in agreement with necessarilly spreading your money evenly.
maybe we should spend 90% of our time sorting and sifting, and observing and strike with larger amounts when we see an absolute no brainer. just because its bigger money should not be the concern - but the success rate is the important thing.
now i have got to go and read mowers book "Trading in the zone."
for you JONGO the book I believe you would get an enormous amount out of is "TAMING THE LION" by RICHARD FAREIGH, this guy just fits into your style beautifully.
