Day Trading Strategies

See Now Money Management: Strategies - Kellys S The Blog Entry that Accompanies this Vlog is at: investorandtrader.blogspot.com My Daily Blog is at: investorandtrader.blogspot.com My channel at BlogTV is: www.blogtv.com Larry Williams used a very radical and very aggressive money management strategy to set the current Robbins Cup World record in 1987 for Futures trading. It works best with 12 month accurate systems (around 80% +), and a risk reward ratio of around 1 risk to 2 reward. My numbers (the 12 month number fluctuates) work out to . . % of Capital = (82% (1-82) / 70 ) / IF-THEN SUBSET. Again, the advantage is that when you're doing well, the formula will automatically scale up your position size so that your reward becomes higher. When you start having losses, it will scale back your position size. Unfortunately, as Larry himself will tell you, Kellys has a lot of drawbacks . . . namely . . . drawdown. If your risk reward ratio is not straight on? You get nailed. Hard. So how do I use the advantages of Kellys, but mitigate the risks when trading in the Forex, Commodity Futures, Day Trading, or just in the Stock Market in general? What follows is a description of my current money management strategy based of Kellys criterion. We discuss that in this vlog entry ... NOTE: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But ...

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