stocktradingmon

Stock Trader. Long-Term Trend Following Approach. Losers are held for days. Winners are held forever.

Never sell a winner.

[stocktradingmon @stocktradingmon]

@trengriffin in the gambling world Kelly is the standard.

horses, sports betting etc.

[stocktradingmon @stocktradingmon]

@cperruna Who's justifying it? It sucks!

BUT...the system is the system and for the overall portfolio the return is quite good.

[stocktradingmon @stocktradingmon]

@cperruna well if you bought at 3 it is still technically a winner.

[stocktradingmon @stocktradingmon]

@cperruna I never sell a winner.

[stocktradingmon @stocktradingmon]

@cperruna Win some lose some. But my system would hold it all the way to 3. Might get there!

[QuantifiedStrategies.com @QuantifiedStrat]

https://t.co/s6RUaGxbjn

[stocktradingmon @stocktradingmon]

@Mr_Neutral_Man @dalibali2 In betting parlance - to punt is to bet. so buy

[stocktradingmon @stocktradingmon]

@AmeetRai @ohiain It's a book. He stole it from the book.

[stocktradingmon @stocktradingmon]

@fundmyfund @X Would 2-3 million in 401k/IRA count?

[stocktradingmon @stocktradingmon]

@itschrisray those are some disgusting charts my friend

[stocktradingmon @stocktradingmon]

@Benjamin1524928

[stocktradingmon @stocktradingmon]

@Merridew__ now you tell me

[stocktradingmon @stocktradingmon]

@Dcpcooks Congrats to you and yours.

[stocktradingmon @stocktradingmon]

@epictrades1 Books. They were called books.

[stocktradingmon @stocktradingmon]

Never sell a winner

[taobanker @taobanker]

THE ONLY WAY TO EXIT MOMENTUM IS ON A DRAWDOWN, LOGICALLY

IF YOU ARE BUYING BECAUSE OF TECHNICAL STRENGTH THEN SELLING INTO STRENGTH MAKES NO SENSE

SO IF YOU HAVE NO PLANS TO SELL A DRAWDOWN, YOU HAVE NO EXIT STRATEGY

I'M SORRY IF I'M THE ONE WHO HAS TO EXPLAIN THIS TO YOU

[stocktradingmon @stocktradingmon]

@steve2bacon my friend. are you new

[stocktradingmon @stocktradingmon]

@sidprabhu wumberful

[stocktradingmon @stocktradingmon]

@gfc4

[stocktradingmon @stocktradingmon]

@ReimerReason_ @JoeDoyleMiLB Congrats to you and yours!

[stocktradingmon @stocktradingmon]

Never sell a winner

[Goshawk Trades @GoshawkTrades]

Annie Duke, world-class poker player turned decision scientist, on the single biggest alpha leak in professional investing:

"expert investors are alpha generators when putting risk on. they give alpha back on their exit decisions."

"endowments when they put positions on are generating between 120 and 180 basis points of alpha."

"their exit decisions? they're giving about 70 to 80 basis points back."

"this is why the option to quit is so incredibly valuable. this is the place where we can generate a lot of alpha compared to our competitors."

120-180 bps generated on entries. 70-80 bps given back on exits. across endowments, intraday traders, and professional fund managers, the data all says the same thing. the entry often isn't the problem. the exit is.