Search found 4 matches

by ronjing
Wed May 12, 2004 9:33 pm
Forum: Money Management
Topic: Thoughts on entry price, and open vs closed equity
Replies: 9
Views: 7852

I've wrestled with this for years so here's a reply: 1.IRS considerations- I'm here in Australia and the thinking (as related to my particular situation) is as follows:I am in the business of trading and my inventory at year end is options. As with any business I can value these on the basis of cost...
by ronjing
Tue May 11, 2004 10:20 pm
Forum: Money Management
Topic: Thoughts on entry price, and open vs closed equity
Replies: 9
Views: 7852

The best satement re ones equity that I read was in a blackjack book I read in the 80s. The author found the common statement "their money" (as in the casino's money/the market's money)to be patently incorrect. His response was that the only way one can have "their money" is by stealing it. Logicall...
by ronjing
Sat Jan 03, 2004 8:16 pm
Forum: Trader Psychology
Topic: Mistakes...I've made a few!
Replies: 7
Views: 7128

I read this one somewhere. I like it. It makes intuitive sense to me. Here goes... =Most of the traders are smart, well-educated, mostly logical people. Most people seek non-painful solutions. Do I FIT THIS PROFILE ? =Most of the traders lose longer-term Therefore I need to take care at extremes bec...
by ronjing
Wed Oct 22, 2003 6:12 pm
Forum: Trader Psychology
Topic: I hate myself
Replies: 11
Views: 8205

Hi Guys ! My approach is a little different. I don't pretend to know what's going to happen next, so it's really only a game (one that could be very expensive at times !!). When all's working out as per the script and I think I am odg, I remember that I could really be just odg in disguise. I chuckl...