Recent content by oliverpenn

Hi, I've read many negative comments about spreadbetting companies on these boards with interest. I am interested to know to what lengths do these SB companies go to make your money theirs? For example is it true that if you have a position that is going against you the SB company will quote you...

Thanks for your post twalker, initially my EOD system will be manual, then moving on to fully automated. The idea of a fully automated intraday system scares me a little as I'm a bit worried about coming home from work one day and finding I'm short thousands of contracts. But it's a long way off...

Thanks for that guys, some very informative ideas coming out. My system will (eventually!) be fully automated so discipline and emotive issues will be eliminated. I tried daytrading for a while and didn't really like it. I found there was too much screen staring involved, but I'm sure it suits...

Thanks for that Mark. I have a system that I have back tested that seems to work quite well. It works well in that you have more money than when you started. It works quite well in that the draw down is quite horrendous. As I'm sure you have seen, there are members on these boards who post...

Does anyone have any effective methods to reduce draw down for long term trading strategies? Primarily ideas on how to determine the size of a stop, or how to determine a suitable position size? Has anyone read the Kaufman book on trading methods, worth the investment?