Traders Laboratory - View Single Post - Trading with Market Statistics VI. Scaling In and Risk Tolerance
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Old 08-06-2007, 10:04 PM
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This member is the original thread starter. Re: Trading with Market Statistics VI. Scaling In and Risk Tolerance

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I love your ideas you are presenting but it seems the risk reward in my terms that I am used to thinking about will really hurt when you do get stopped out.

Thanks for sharing a new way to approach the markets,

dbntina
Good show on the computation dbntina and your analysis of the outcomes for various trades.
As far as risk/reward, think of it as how much does it realy hurt if it only represents 2% of your entire account vs. how much you are hurting if you take multiple stoplosses. To get stopped out in the scenario that is described, the market would have to move 3 SD without a rotation against the skew. You can avoid a chunk of that by not taking trades at the 2nd SD, expecting a move to the 3rd SD, not a high probability trade.

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