tag:blogger.com,1999:blog-5265927762768459243.post7561995243545852771..comments2023-10-20T13:33:53.689+01:00Comments on Mark Iverson - Professional Sports Trader: Under PressureMark Iversonhttp://www.blogger.com/profile/02898989140075138851noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5265927762768459243.post-87069932973017764932012-03-16T14:26:15.207+00:002012-03-16T14:26:15.207+00:00Just wrote a post about your record keeping. http:...Just wrote a post about your record keeping. http://green-all-over.blogspot.com/2012/03/comparing-apples.html<br /><br />A losing calendar month is meaningless in the whole scheme of things. Don't obsess with it - I've had 12 in the last 73. I don't like them, but they are to be expected. Once could suggest that you are too conservative if you've not had a losing month for so long, but what is the deal if you extract the stock market figures? That's the bottom line here.Cassinihttps://www.blogger.com/profile/05879449876804295094noreply@blogger.comtag:blogger.com,1999:blog-5265927762768459243.post-52306220149910525012012-03-15T22:39:53.753+00:002012-03-15T22:39:53.753+00:00"Have to disagree about measuring your p&..."Have to disagree about measuring your p&l in short periods though. Much better to have consistency and steady growth than to have huge variance in results. How can you plan around that?" <br /><br />Consistency is always the key for the majority of traders. I fail to see how you assume measuring consistency using the pnl or short periods which are always susceptible to the odd loss. If you do wish to monitor consistency, which I'm in agreement you should, you really need to be looking at it over rolling periods rather than set periods.<br /><br />At the end of the day you've just got to do what works for you. Other people can only throw in suggestions but doesn't neccessarily mean they'll suit you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5265927762768459243.post-11115052682001762762012-03-14T21:56:03.778+00:002012-03-14T21:56:03.778+00:00Thanks for the comments guys.
You could well be r...Thanks for the comments guys.<br /><br />You could well be right but its been many years since I've felt that I'm chasing losses. Maybe I've let things slip recently but when I look at my sports trading I'm only very slightly down for the month.<br /><br />Overall I think I've overreacted to a few bad swings but it's nice to get a different perspective so I appreciate the time you've taken to make your points.<br /><br />Have to disagree about measuring your p&l in short periods though. Much better to have consistency and steady growth than to have huge variance in results. How can you plan around that?<br /><br />All the best,<br /><br />MarkMark Iversonhttps://www.blogger.com/profile/02898989140075138851noreply@blogger.comtag:blogger.com,1999:blog-5265927762768459243.post-32573782814567217452012-03-14T21:22:49.889+00:002012-03-14T21:22:49.889+00:00I'd have to agree with Pete, sounds very much...I'd have to agree with Pete, sounds very much like a chasing mentality to me and reading between the lines looks like you've chased your way out in the past.<br /><br />Not the most 'professional' thing to do, looking at your pnl in short periods, just as bad as setting a daily limit to be fair.<br /><br />1. Accept the loss - obviously you haven't if you're worried about it causing you to have a losing month<br /><br />2. Break the deficit into bits - Setting positive targets for individual markets now :) No doubt if you miss a target you can always up the stakes for the next one/<br /><br />3. Bank some quick wins - that's the way forward, who cares about following a winning previous strategy , just dive in with some speculative lays/backs and cross your fingers.<br /><br />I'm sure if you read this post on someone else's blog you'd come to the same conclusion, well at least I'd hope you would!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5265927762768459243.post-72887916791905848152012-03-14T18:40:21.796+00:002012-03-14T18:40:21.796+00:00Hi Mark,
Reading your post it sounds like you are...Hi Mark,<br /><br />Reading your post it sounds like you are about to start chasing your losses and are attempting to justify that.<br /><br />If I were you I would "cut off" the month here and just try to have a profitable second half to the month, sure it will be nice if that covers your 1st half loss but if not so what?<br /><br />Whether it's Sports, Nag, Forex or Shares 1 losing month in 66 is a record anyone would be pleased with - just so long as the 1 doesn't lose all you've achieved in the past 66.Anonymousnoreply@blogger.com