In fact, I think Lofu Hing is doing extremely well! And he certainly goes with a set of sound strategies and risk management.
Mark Six.... a canny example...
What should I say? Well, Lotto is the only one thing Richard Branson claimed he could not beat after numerous attempts.
"Money Management" is the exact phrase coined by traders like Larry Williams and Alexander Elder and everyone else in the game of tradings in their writings, in order to distinguish from the term Capital/Asset Management for referring to the activities of institutional asset managers.
It's not my intention to right or wrong a certain trade of some friend here. My most fundamental motive was to figure out the odds of such trade and optimum use of cash balance . In fact, by excluding the latter, I start to believe that 基哥's perspective is more meaningful than mine. I mean the odds. With low High-Low range of HSF in the first two weeks of the month, contracts at 20's of premium traded long in opposite direction of the market atmosphere are more likely to produce profits than what came up in my first thought.
It turns out that this type of capped low downside risk trade might be a good choice in the T2 time zone.
hftsang, thnx a lot for the stimulation!
