Comments on: Trader Profiles: John Bougearel from Financial Futures and Equity Market Analysis http://www.traineetrader.com/trader-profiles-john-bougearel-from-financial-futures-and-equity-market-analysis/ Trainee Trader provides articles and tutorials related to Forex, Derivatives, Equities and Futures markets. Wed, 24 Feb 2010 20:29:08 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: successfultradingtips.com http://www.traineetrader.com/trader-profiles-john-bougearel-from-financial-futures-and-equity-market-analysis/comment-page-1/#comment-1641 successfultradingtips.com Wed, 02 Apr 2008 18:30:09 +0000 http://www.traineetrader.com/trader-profiles-john-bougearel-from-financial-futures-and-equity-market-analysis/#comment-1641 Matt, You are right. So much extraneous info has to be filtered out. If a concept is not simple, you most likely don't need it. It takes a long time to learn what to filter. And of course, you must keep learning. Just cause I have been actively engaged in the financial markets for 15 years means I can stop learning. I can't, each year is an essential learning block. What is so neat is that the learning curve is always on the rise. At the end of each year I can look back and see how much progress I have made on the mountain of knowledge available to us. The better you filter, the easier it is to climb. So, always strive to simplify, simplify, simplify. Matt,

You are right. So much extraneous info has to be filtered out. If a concept is not simple, you most likely don’t need it. It takes a long time to learn what to filter. And of course, you must keep learning. Just cause I have been actively engaged in the financial markets for 15 years means I can stop learning. I can’t, each year is an essential learning block.

What is so neat is that the learning curve is always on the rise. At the end of each year I can look back and see how much progress I have made on the mountain of knowledge available to us. The better you filter, the easier it is to climb. So, always strive to simplify, simplify, simplify.

]]> By: Richard http://www.traineetrader.com/trader-profiles-john-bougearel-from-financial-futures-and-equity-market-analysis/comment-page-1/#comment-1639 Richard Wed, 02 Apr 2008 16:23:06 +0000 http://www.traineetrader.com/trader-profiles-john-bougearel-from-financial-futures-and-equity-market-analysis/#comment-1639 Heys, this is cool. You should do an interview with me sometime ;) Richard from http://www.hedgeagainstspeculation.com Heys, this is cool. You should do an interview with me sometime ;)

Richard from http://www.hedgeagainstspeculation.com

]]> By: Matt http://www.traineetrader.com/trader-profiles-john-bougearel-from-financial-futures-and-equity-market-analysis/comment-page-1/#comment-1629 Matt Tue, 01 Apr 2008 13:52:58 +0000 http://www.traineetrader.com/trader-profiles-john-bougearel-from-financial-futures-and-equity-market-analysis/#comment-1629 Thank you John. It can be hard when you are starting out to get your head around so many concepts. I will have to check out your site. Thank you John. It can be hard when you are starting out to get your head around so many concepts. I will have to check out your site.

]]> By: successfultradingtips.com http://www.traineetrader.com/trader-profiles-john-bougearel-from-financial-futures-and-equity-market-analysis/comment-page-1/#comment-1627 successfultradingtips.com Tue, 01 Apr 2008 13:04:26 +0000 http://www.traineetrader.com/trader-profiles-john-bougearel-from-financial-futures-and-equity-market-analysis/#comment-1627 Actually I should rephrase that, I have been plenty ballsy throughout my investing trading career. But the question I believe boils down to how aggressively do you want to manage risk. There are times that I trade or invest aggressively, other times that I do not. Actually I should rephrase that, I have been plenty ballsy throughout my investing trading career. But the question I believe boils down to how aggressively do you want to manage risk. There are times that I trade or invest aggressively, other times that I do not.

]]> By: successfultradingtips.com http://www.traineetrader.com/trader-profiles-john-bougearel-from-financial-futures-and-equity-market-analysis/comment-page-1/#comment-1624 successfultradingtips.com Tue, 01 Apr 2008 02:18:43 +0000 http://www.traineetrader.com/trader-profiles-john-bougearel-from-financial-futures-and-equity-market-analysis/#comment-1624 Matt, Welcome to the world of futures. Averaging down is what you do when long and wrong and getting wronger on the way down. Averaging up is what you do when you are short and wrong and getting shorter and more wrong as prices move higher. In both cases, you are pissing in the wind. Adding to a winning trade, long or short is fine, but it comes with additional risks of diluting your cost basis. This is only recommended being down when you are on a very very strong trend and when you are so right it is silly. There are formula's to staying optimally levered in your positions providing you a positive feedback loop. Google "Optimal F" sometime, or the Trading Game by Ryan Jones. This risk management makes a lot of sense if you can systematically deploy it. However appealing it is, it really does not work for me personally. I am not that ballsy! John Bougearel Successfultradingtips.com Matt,

Welcome to the world of futures.

Averaging down is what you do when long and wrong and getting wronger on the way down.
Averaging up is what you do when you are short and wrong and getting shorter and more wrong as prices move higher.

In both cases, you are pissing in the wind.

Adding to a winning trade, long or short is fine, but it comes with additional risks of diluting your cost basis. This is only recommended being down when you are on a very very strong trend and when you are so right it is silly.

There are formula’s to staying optimally levered in your positions providing you a positive feedback loop.

Google “Optimal F” sometime, or the Trading Game by Ryan Jones. This risk management makes a lot of sense if you can systematically deploy it. However appealing it is, it really does not work for me personally. I am not that ballsy!

John Bougearel
Successfultradingtips.com

]]> By: Matt http://www.traineetrader.com/trader-profiles-john-bougearel-from-financial-futures-and-equity-market-analysis/comment-page-1/#comment-1605 Matt Mon, 31 Mar 2008 23:27:38 +0000 http://www.traineetrader.com/trader-profiles-john-bougearel-from-financial-futures-and-equity-market-analysis/#comment-1605 It is good to read about people who have already walked down the path and have substantial trading knowledge. I was surprised to read Johns thoughts on averaging up. I know that averaging down is not considered good practise. I thought averaging up helped you capture more of the trend. It is good to read about people who have already walked down the path and have substantial trading knowledge. I was surprised to read Johns thoughts on averaging up. I know that averaging down is not considered good practise. I thought averaging up helped you capture more of the trend.

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