Re: [TheOptionClub.com] Money Management

 

I guess I'm a victim of mediocre public education. I've yet to see a
formula in any text book where the variables aren't defined. Maybe you
could enlighten us? I'm particularly interested in what function [] and
{} represent.

Migo1 wrote:
>
>
> F = [ {(A + 1) X p}-1 ] / A
>
> If you don't know what this is, stop trading, and don't start until you
> have read "A trader's Money Management System by Bennet A. McDowell.
>
> If you are a product of our less than mediocre public education and are
> intimidated by this formula, don't worry it is simple, however if you
> cant understand it, you should permanently stop trading.
>
> So what is your expectancy ?
>
>
> ----------------------------------------------------------
> *From:* anatolemclubs <anatolemclubs@yahoo.com>
> *To:* OptionClub@yahoogroups.com
> *Sent:* Sat, February 27, 2010 10:10:02 PM
> *Subject:* Re: [TheOptionClub.com] terry's tips
>
>
>
> 100% agree with Jack about money management. Terry's portfolios are 100%
> invested in leveraged instruments with no cash cushion in case something
> goes the wrong way. Many of his portfolios have gone to 0 or 10% of
> their original value. Then he closes them and comes up with new ones.
>
> Also Terry has been accused of fraud by the sec?:
>
> http://www.sec. gov/litigation/ litreleases/ 2006/lr19725. htm
> <http://www.sec.gov/litigation/litreleases/2006/lr19725.htm>
>
> --- In OptionClub@yahoogro ups.com
> <mailto:OptionClub%40yahoogroups.com>, "jackcrawford72" <jack@...> wrote:
> >
> >
> > Trading is 70% Money Management, 20% System, 5% avoiding emotion, 5%
> > dumb luck :-) so if you don't get the 70% part right then you don't
> > have a chance making it long term.
> >
> > Joey,
> > Would you care to share your Money Management rules? It seems like you
> > have been doing this for quite a few years and probably have some good
> > advice. Maybe a good reference.
> >
> > Thanks, Jack
> >
> >
> > --- In OptionClub@yahoogro ups.com
> <mailto:OptionClub%40yahoogroups.com>, Joey Huckabee <trading.ocyg@ >
> > wrote:
> > >
> > > I paid for Terry's tips around 2000-2003 before the "mighty mesa
> > strategy" was
> > > "invented" and can say that Terry's program is a very poor example of
> > trade
> > > management. He claims to have years of experience but back then
> > he certainly
> > > did not convey very much of the experience that I would expect to
> > see. Over the
> > > last nine years that I have been studying the art of trading I believe
> > that I
> > > have come to the appropriate conclusions that brought me to this group
> > in the
> > > first place. Trading is 70% Money Management, 20% System, 5%
> > avoiding emotion,
> > > 5% dumb luck :-)Â so if you don't get the 70% part right then you
> > don't have a
> > > chance making it long term. Â
> > > Â
> > > With Terry's Tips I monitored his 10K strategy for 3 years and watched
> > as
> > > members lost there entire $10,000 balance for three straight years
> > simply
> > > because the 10K system did not provide any stop loss and frequently
> > took 100%
> > > losses on positions that were put on and even "doubled down" at times
> > that ended
> > > up worse than if you just stuck with the initial capital invested.Â
> > The only
> > > reason I post these disparaging remarks is because the time period
> > that I
> > > monitored his trades was a very volatile time, not unlike what we are
> > in now,
> > > which caused his indicators to change directions then get
> > whipsawed. He went
> > > through a period of giving out free memberships to existing members
> > because of
> > > the extreme losses (I received two years free).
> > > Â
> > > No as for the "mighty mesa strategy" if I remember correctly it was
> > just a bunch
> > > of calendar spreads (or double diagonals) that required a huge amount
> > of capital
> > > locked up in a single trade which would expose those of us with small
> > bank rolls
> > > to enormous amount of risk. So unless that has changed I would
> > say that Terry
> > > is still consistently breaking even or losing money and making money
> > with his
> > > advisory service.
> > > Â
> > > On a side note - everyone that posted "if you could make a ton of
> > money through
> > > an advisory service then wall street would be in trouble" it really
> > does ring
> > > true.
> > > Â
> > > Joey
> > >
> > >
> > >
> > >
> > > On February 26, 2010 at 7:18 AM Alexander S alexstjo@ wrote:
> > >
> > >
> > > > Â
> > > >
> > > >
> > > > Hi,
> > > >
> > > > I was wondering if anyone is using terrystips.com
> <http://terrystips.com> mighty mesa
> > strategy
> > > >
> > > >
> > >
> >
>
>
>
>

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