What a coincidence (do coincidences actually exist???) that just as I’ve been thinking more about money management Worden has had a run of users writing in about money management. Here are some of those letters which were published in the Worden Report (emphasis & links added by yours truly):
Posted by 28 April 2006
Worden Users on the Pareto Principle, Position Sizing and the Kelly Criterion
Posted by 28 April 2006
Watchlist for April 28, 2006
I love the ridiculousness of CNBC’s ‘portfolio’ challenge. They just interviewed the guy who’s currently in the lead. He’s up over 100% in the few weeks that the contest has been running. How did he jump into the lead? He threw his whole wad, about $1,500,000 (29,000 shares) at NTRI ahead of their earnings report. [...]
Posted by 27 April 2006
April 27, 2006 Stock Market Recap
What a day! There was something for just about everybody today — except me. The action got pretty frantic while just ahead of Bernanke’s talk and continued right through mid-day. But it was a little too wild for me so I called it quits around 11:00 without making any trades. I’m usually very hesitant to [...]
Posted by 27 April 2006
Watchlist for April 27, 2006
I’ve updated last night’s post in response to some questions & comments. It looks like good reasons to tread cautiously today (from Briefing.com): S&P futures vs fair value: -6.8. Nasdaq futures vs fair value: -9.2. Futures versus fair value are signaling a negative start for stocks as another batch of strong earnings reports take a [...]
Posted by 26 April 2006
My Path to 100 R in Profits from Day Trading
I’ve been doing a lot of thinking about money management and compounding of late. The other day I realized that I’d accumulated over 100 R of profits since I began day trading. (1 R = my initial dollar risk on any given trade.) More specifically it’s 100 R from when I started my current trading [...]
