tag:blogger.com,1999:blog-897456774486153841.post1936795161746189880..comments2024-03-29T03:46:10.767-07:00Comments on VIX and More: On Trading Rules and GuidelinesBill Lubyhttp://www.blogger.com/profile/01241003017364820134noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-897456774486153841.post-12173999026552124542009-03-25T18:18:00.000-07:002009-03-25T18:18:00.000-07:00Perhaps as an addendum to 10.If you ever get emoti...Perhaps as an addendum to 10.<BR/><BR/>If you ever get emotional for any particular reason during market hours, stop trading until you recover your cool.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-24440411358288116242009-03-25T17:47:00.000-07:002009-03-25T17:47:00.000-07:0011. Live for your 5pm martini11. Live for your 5pm martiniAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-70669631911235781372009-03-25T14:28:00.000-07:002009-03-25T14:28:00.000-07:00And I would add KNOW YOURSELF, not a rule I guess ...And I would add KNOW YOURSELF, not a rule I guess but the best guideline for newbies.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-69398951266584960772009-03-24T13:53:00.000-07:002009-03-24T13:53:00.000-07:00Thanks, Jeff.J. Finn,Excellent suggestion. I'll s...Thanks, Jeff.<BR/><BR/><BR/>J. Finn,<BR/><BR/>Excellent suggestion. I'll see what I can do.<BR/><BR/>Cheers,<BR/><BR/>-BillBill Lubyhttps://www.blogger.com/profile/01241003017364820134noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-35913772222877716802009-03-24T13:42:00.000-07:002009-03-24T13:42:00.000-07:00Bill...have you ever posted a "if you want to lear...Bill...have you ever posted a "if you want to learn options" post...kind of an idea of how to go about it?<BR/><BR/>I find that people involved in options think about things like volatility differently than your average investor/trader. Kind of like how computer programmers think about logic differently than most.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-8456412690815331072009-03-24T13:12:00.000-07:002009-03-24T13:12:00.000-07:00Good one Bill, I linked.Good one Bill, I linked.Jeff Pietsch CFAhttps://www.blogger.com/profile/08269888170503481402noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-29283709241089541572009-03-24T11:48:00.000-07:002009-03-24T11:48:00.000-07:00Hi Eric,I edited my post to say "2% of total equit...Hi Eric,<BR/><BR/>I edited my post to say "2% of total equity" to reflect that I usually have 7-8% stops for most intermediate-term positions, 0.5-1.0% for day trades (3x that for 3x leveraged ETFs) -- and different rules entirely for options.<BR/><BR/>The 2% rule reflects my desire to never have one trade responsible for risking more than 2% of my entire trading equity, across all positions and all accounts.<BR/><BR/>While I adjust individual position stops to reflect the volatility of the underlying and the market, my 2% of total account equity rule is one I rarely break.<BR/><BR/>Cheers,<BR/><BR/>-BillBill Lubyhttps://www.blogger.com/profile/01241003017364820134noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-11339771410313090542009-03-24T11:29:00.000-07:002009-03-24T11:29:00.000-07:002% is a really tight stop in this market. Are you...2% is a really tight stop in this market. Are you figuring that if you get timing wrong, then you are out?<BR/>What are your thoughts on something like CAN SLIM methods? From what I understand, that method would have survived this market, capping at a 7% loss. Although, you wouldn't have made any trades since 2007.Erichttps://www.blogger.com/profile/04630536319901757179noreply@blogger.comtag:blogger.com,1999:blog-897456774486153841.post-61305406387730240132009-03-24T10:59:00.000-07:002009-03-24T10:59:00.000-07:00Fantastic! Thanks, Bill. rp.Fantastic! Thanks, Bill. <BR/><BR/>rp.Anonymousnoreply@blogger.com