tag:blogger.com,1999:blog-27784316.post2562185797530148225..comments2023-09-06T03:23:43.027-07:00Comments on I AM A FUTURES TRADER: Chris Johnstonhttp://www.blogger.com/profile/01542415946929766288noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-27784316.post-56866445098163969262010-03-25T09:07:21.575-07:002010-03-25T09:07:21.575-07:00I think you will be suprised how much you can stil...I think you will be suprised how much you can still make risking only 2%. Now it will likely stop you from tripling an account in a year, but doubling it easily accomplished with good trading techniques with those ratios. There is no way to be aggressive enough to triple your money without having huge drawdowns. Big drawdowns just weigh so heavily on me that I just can't take them anymore and I do not think it is the best way to trade. I would much rather just steadily make profits and over time it adds up to alot.<br /><br />Of course for people with small account balances, they have to risk more than 2% starting off that cannot be avoided. Once you get large enough accounts, 2% risk still gives you enough contracts to make a good amount.Chris Johnstonhttps://www.blogger.com/profile/01542415946929766288noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-83192464253070791082010-03-25T08:19:43.990-07:002010-03-25T08:19:43.990-07:002%/7%; I will take a hard look at those limits, Ch...2%/7%; I will take a hard look at those limits, Chris.<br /><br />Thanks!John G.noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-20312567021550711772010-03-24T17:23:34.174-07:002010-03-24T17:23:34.174-07:00John I do remember you so welcome. I too make poli...John I do remember you so welcome. I too make political remarks here and there in here although it is not that forum. I just figure if someone does not like them they can go somewhere else. I am not getting paid for this so if people come and go it is of no consequence.<br /><br />It sounds to me like your money management needs some work. I never risk more than 2% in any one trade, ever. This way I minimize the drawdowns which I usually keep under 7%. They are part of trading but you do not want to take big hits like that.<br /><br />I don't post in any other blogs so that must have been someone else. I have gotten to the point where I am just tired of all the BS that is out thereChris Johnstonhttps://www.blogger.com/profile/01542415946929766288noreply@blogger.comtag:blogger.com,1999:blog-27784316.post-55350445823976834532010-03-24T11:46:18.724-07:002010-03-24T11:46:18.724-07:00Hi, Chris. I used to exchange posts with you on p...Hi, Chris. I used to exchange posts with you on piggington.com a few years ago (I was 'jg'), before I was kicked off for continuing political incitement/commentary.<br /><br />Back in ’06 and ’07, I was of the opinion that the stock market would crash, and you said there was nothing of the sort on the near-term horizon. You were right.<br /><br />I went all in short the S&P 500 back in Mar. ’07, and scaled up my bet as the market finally started to moved down in ‘08. I tripled my money, covered my short bet in Nov. ’08, and retired one year ago.<br /><br />Last year, I placed two bets: that silver and gold mining stocks would go up (they did) and that the stock market would continue its move down (it did not). Through pig-headed and completely non-existent money management, my short-term trading portfolio – 100% short the S&P 500 via futures – fell 80%. Lucky for me, my larger, long-term precious metals bet nearly fully compensated for my boneheaded losses on futures.<br /><br />I saw you mentioned on another blog (Denninger?) two weeks ago, and have been checking in daily. Your approach seems very sound, and you appear to be aware of the shenanigans (i.e., PPT) in the market.<br /><br />So, I will be listening and trying to learn from you – and Gary at ‘Common Sense Investing’ -- as I try to regrow my trading account via small, measured steps.<br /><br />Keep up the good work, Chris!John G.noreply@blogger.com