Comments on: Satisfy Your Craving For Risk http://www.thestockbandit.net/2007/09/17/trading-multiple-accounts/ Trading blog for day trading, swing trading, and trading psychology Tue, 07 Feb 2012 17:25:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: 4 Trading Goals You Can Set Right Now | TheStockBandit.net http://www.thestockbandit.net/2007/09/17/trading-multiple-accounts/comment-page-1/#comment-108827 4 Trading Goals You Can Set Right Now | TheStockBandit.net Tue, 14 Oct 2008 14:23:34 +0000 http://www.thestockbandit.net/2007/09/17/trading-multiple-accounts/#comment-108827 [...] Consider making a defined number of “feel” trades next month - you might find yourself catching a few trades you may have otherwise missed out on. It’ll put your feel to the test, and provide you with yet another way to satisfy your craving for risk. [...] [...] Consider making a defined number of “feel” trades next month – you might find yourself catching a few trades you may have otherwise missed out on. It’ll put your feel to the test, and provide you with yet another way to satisfy your craving for risk. [...]

]]> By: Earnings Are Tricky | TheStockBandit.net http://www.thestockbandit.net/2007/09/17/trading-multiple-accounts/comment-page-1/#comment-30968 Earnings Are Tricky | TheStockBandit.net Thu, 18 Oct 2007 16:10:31 +0000 http://www.thestockbandit.net/2007/09/17/trading-multiple-accounts/#comment-30968 [...] On that note, I know that some of you feel compelled to satisfy your craving for risk. If that’s the case with GOOG, then let me encourage you to define your risk and limit your downside exposure through a call or put purchase. If you absolutely can’t stand to pass up the gamble opportunity, then at least you’ll know what the worst-case scenario will be in case you’re wrong. [...] [...] On that note, I know that some of you feel compelled to satisfy your craving for risk. If that’s the case with GOOG, then let me encourage you to define your risk and limit your downside exposure through a call or put purchase. If you absolutely can’t stand to pass up the gamble opportunity, then at least you’ll know what the worst-case scenario will be in case you’re wrong. [...]

]]> By: TheStockBandit http://www.thestockbandit.net/2007/09/17/trading-multiple-accounts/comment-page-1/#comment-27997 TheStockBandit Sun, 23 Sep 2007 14:56:04 +0000 http://www.thestockbandit.net/2007/09/17/trading-multiple-accounts/#comment-27997 Joe, That's something only you could answer. Everyone has a different tolelrance for risk, so for you $800 may be different than for the next guy. I'd just say don't ever put your account at too much risk, so when trading on margin be sure you have a hard stop in place. As for whether it's speculation, the point of this article is addressing the "hunch" trades which aren't based on your trading rules, whatever those may be. When you have an itch to take a trade which doesn't fit your normal trade criteria, those are the trades I'm referring to taking in a smaller 'spec' account. Hope this helps & trade well! Jeff Joe,

That’s something only you could answer. Everyone has a different tolelrance for risk, so for you $800 may be different than for the next guy. I’d just say don’t ever put your account at too much risk, so when trading on margin be sure you have a hard stop in place.

As for whether it’s speculation, the point of this article is addressing the “hunch” trades which aren’t based on your trading rules, whatever those may be. When you have an itch to take a trade which doesn’t fit your normal trade criteria, those are the trades I’m referring to taking in a smaller ‘spec’ account.

Hope this helps & trade well!

Jeff

]]> By: joe http://www.thestockbandit.net/2007/09/17/trading-multiple-accounts/comment-page-1/#comment-27983 joe Sun, 23 Sep 2007 12:37:51 +0000 http://www.thestockbandit.net/2007/09/17/trading-multiple-accounts/#comment-27983 So, what about this trade: buying 40,000 of yahoo on the reason it has a great MACD bullish crossover, good volume, very positive charting which avoids bearish downturns when the overall market is doing so, the other technicals I like are all looking positive.... but with only 27,000 in equity in my account, it would look like a normal day is a 0.5 cents of volatility so it's about 800 dollars a day of volatility which can be eaten/given up. Is this stubbornness or speculation? I've looked at this thing, and I think it'll work, and it's different from trying to catch an upswing and sell inside the hour, this is trying to ride out some lows during the day and hold it for a market day and see what happens .... So, what about this trade: buying 40,000 of yahoo on the reason it has a great MACD bullish crossover, good volume, very positive charting which avoids bearish downturns when the overall market is doing so, the other technicals I like are all looking positive…. but with only 27,000 in equity in my account, it would look like a normal day is a 0.5 cents of volatility so it’s about 800 dollars a day of volatility which can be eaten/given up. Is this stubbornness or speculation? I’ve looked at this thing, and I think it’ll work, and it’s different from trying to catch an upswing and sell inside the hour, this is trying to ride out some lows during the day and hold it for a market day and see what happens ….

]]>