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by _zkyx
1084 days ago
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Here's some simple rules. I basically just read about these and then stole the ideas. I wish I had data to back this up and it seems to be working. - No single bet can be more than 5% of all money. The small bet sizes are what really saves your bacon in that even if a few lose 10+% you're still fine overall.
- I'm also limiting the amount of shares I bet and try to keep it in the low hundreds so that I get really fast fills.
- I have something that stops everything if I lose more than 1k in a day. I don't do anything to measure overall risk or volatility. Almost everything I'm in is highly volatile. I'm basically betting as things go up and then try to cash out. Sometimes you hit the top. Yeah, I inspect all the trades at the end of the day, well and during the day, and try to feed anything new back into the system. This is 100% manual. But, like if a single trade loses $100 or something definitely I'm in there looking at what happened. |
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What is your 'win' rate? (Percentage of trades that make money as a fraction of overall trades)?
How many trades does your system make on average in a given day?
Do you hold positions overnight?