Friday, March 16, 2012

What happened to the coin flip account?!

What an interesting turn of events...

EDIT: At the time this blog entry was posted I had a Youtube video here. That has been removed but I want the rest of my content to be remain. Nothing hidden no past mistakes ignored. All out in the open.

At this point I do not think the Coin Flip methodology will work for me for live money. Stress on the ME part of that sentence.  Its money management is still very good and over the long run I should have excellent runs of numerous big wins. It is the lack of control that I am not liking.

To be clear let us review what control I would have over my trades in the markets...
1: When I enter a market.
2: How much money put into the trade
3: When I exit the market.
That is it. Who knows how big a winner could be before it turns against me. With slippage I cannot even know what my loss will be. For that matter, the argument could be made that I will not even know exactly I enter or exit depending on when my orders get filled.

Can I have it both ways though? The money management with me being in control? I think that I can as the lack of control aspect was in not being able to change when I entered (through the use of technical indicators or anything really) nor being able to make adjusts to losses (nothing to change with the plan).
The money management in the form of the trailing stop and profit stop are independent.

Disclaimer: The investments and trades in my videos and blog entries are not recommendations for others. I am not a financial planner, financial advisor, accountant, or tax adviser. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets.

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