Update to the Update to the Update

….or something like that. More bets paid out. As Lou Mannheim once said, “Your on a roll kid, enjoy it while it lasts. Cause it never does.” That’s the harsh truth of trading, you are playing an edge and your profit is determined by the size of the edge, your frequency of trades, and the ability to manage your downside. I agree there are certain trades which you have greater conviction and it’s probably prudent to push your position size, this is one area where I struggle in, but your long run performance is summed up in a simple function of those three inputs. Unless you isolate and find serial correlation in your return streams, a lucky streak is just that…lucky.

ScreenHunter_03 Oct. 20 10.32

And on another note, www.nadex.com, the only spread betting site currently available for North America still has RIDICULOUS fee structure and my attempts to contact them regarding market maker status and costs have not been returned!

~ by largecaptrader on October 20, 2009.

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