ART OF TRADING Alerts System
We rarely do more than 2-3 alerts per day and rarely have more than 3-4 open alerts at once.
According to my recommended allocations you will rarely ever be fully invested in the market at any given point in time BUT that obviously just depends on YOUR account size and YOUR risk tolerance. You will be the ultimate judge of your trade size allocations.
The $ amount you allocate to each trade is your decision obviously but I highly recommend all traders to use 'responsible size' so as to NOT make you overly emotional while managing the open positions. Margin trading is highly inadvisable, especially for inexperienced traders. Margin trading could lead to 'emotional' decision making and likely to wreck havoc on your account and mental state if losses start to accumulate.
I typically suggest a 10-15% allocation of the overall portfolio into each trade alert BUT you can allocate more or less then the recommended allocations, that's totally up to YOU as you are the sole and best judge of your own risk tolerance.
The average STOP LOSS can vary but typically between 1-5% from the price entry.
We do both day and swing trading and we tend to cut losing or non performing trades fairly quickly. Typical trades last any where from "day trades" to swings trades that last 1-10 days.
The following spreadsheet is a hypothetical account that tracks all ART OF TRADING official trade performance. It does not take into account commissions as every trader's commission structure is different and can vary dramatically from one trader to the other. Since I started the ART OF TRADING service in April 2009, we average about 5-10 round trip trades per week. So you can calculate what YOUR commissions would look like knowing that on average we do 5-10 trades per week.
** keep in mind that slippage will also play a factor in some of the trades. Every trader should expect to get some fills to be worse and some fills will be better then the suggested Entry/Exits.
Art Of Trading Alerts Performance:
(This is the CURRENT way i run the alerts NOW, in which both SWING trades and DAY trades are of equal size and considered full size positions unless otherwise specified).
*** past performance is not indicative of future results***
https://spreadsheets.google.com/pub?key=0Apu8AUDSKBzAdHFXQm1aTnNjcDNOQll...
*** past performance is not indicative of future results***
In this spreadsheet(shown below) is the older method used here in which SWING TRADES were 1/2 size trades and DAY TRADES were full size trades.
https://spreadsheets.google.com/spreadsheet/pub?hl=en_US&hl=en_US&key=0A...
This website is designed as a stock trading alerts website primarily but it is much more than that! Artoftrading.net was created in April 2009 with the intention of helping new and experienced traders grow confidence in navigating through the markets and reduce the often vicious learning curve. I am known as Trader Stewie. I placed my first official trade in November 1998 and caught the investing/trading fever ever since! I have traded through numerous bull and bear market cycles, gained lots of experience along the way and I still learn new things everyday! It's the ultimate never ending learning process. You are ALWAYS learning something new, exciting about the markets and about yourself!