[Vincent Vega]

Originally Posted by Paladin »

Hello, to everyone!

I have a pretty simple question, but still. What amount of capital should I use per one trade.

What lot size to pick. It is so interesting to invest all you deposit when you are 100% sure you will win.

The Kelly criterion is a formula used to determine the optimal size of a series of bets...

Money Management Using the Kelly Criterion

Equity Curve Random Generator <--- here don't lie

it's just a model, give it a try

[thalestrader]

Originally Posted by MightyMouse »

...As far as the contest, I can do it now, but in a few months I may be permanently taking on additional responsibilities which come with both a large capital outlay and a larger amount of debt. If I do that, then it would be a mistake to spend a day in front of a screen. So, if I begin, I may not be able to finish if I end up acquiring that business.

MM

No problem, MM, I understand completely. As it is, if we were to commence a contest, my trading will be mostly swing/position trades rather than day trades as my non-trading responsibilities remain at a level that preclude me from day trading regularly.

How do you propose to structure the contest? Perhaps, if you and any other interested parties would be amenable to it, MadMarketScientist would like to get involved and make it an official TL event.

Best Wishes,

Thales

[MightyMouse]

Originally Posted by thalestrader »

No problem, MM, I understand completely. As it is, if we were to commence a contest, my trading will be mostly swing/position trades rather than day trades as my non-trading responsibilities remain at a level that preclude me from day trading regularly.

How do you propose to structure the contest? Perhaps, if you and any other interested parties would be amenable to it, MadMarketScientist would like to get involved and make it an official TL event.

Best Wishes,

Thales

Sure, If MMS would be willing to do the math and make it an official TL event, then that would be great.


MM

[MightyMouse]

Originally Posted by thalestrader »

No problem, MM, I understand completely. As it is, if we were to commence a contest, my trading will be mostly swing/position trades rather than day trades as my non-trading responsibilities remain at a level that preclude me from day trading regularly.

How do you propose to structure the contest? Perhaps, if you and any other interested parties would be amenable to it, MadMarketScientist would like to get involved and make it an official TL event.

Best Wishes,

Thales

Thales,

When I thought about it last time, I thought it might make sense if we all had a common broker and we gave them permission to audit the accounts and post the results and offer a prize. You have to figure that they would love to have a bunch of cowboys trying to achieve riches while they get paid commissions. But, if we are not going to be trading the same type of instruments, then it limits the number of brokers we can use to only a few that broker all types of instruments.

MM

[thalestrader]

Originally Posted by MightyMouse »

Thales,

When I thought about it last time, I thought it might make sense if we all had a common broker and we gave them permission to audit the accounts and post the results and offer a prize. You have to figure that they would love to have a bunch of cowboys trying to achieve riches while they get paid commissions. But, if we are not going to be trading the same type of instruments, then it limits the number of brokers we can use to only a few that broker all types of instruments.

MM

I have been wanting to give openecry a try for futures, as their all-in commission price is extremely competitive and I like what I have seen of the data flowing through the OEC Trader Demo. If I'm not mistaken, OEC now allows for trading futures, equities, and forex through one account (you have to fill out the forms for the markets you wish to trade - so if you wish to trade all three, you need to fill three apps). Of course, my interest in OEC is to trade futures only, so I may be mistaken. I know Brownie and a good number of other TL regulars use OEC and have been happy with them. I was intending to fund a 20-25k account with OEC in the near future. Would you be amenable to OEC? If so, I'll send a PM to MMS and to Brownie and we can see if we can get them interested in auditing accounts and providing weekly updates to a thread here at TL.

Best Wishes,

Thales