Đang chuẩn bị liên kết để tải về tài liệu:
Profit Making Techniques for Commodity Options 2nd Edition_10

Thông thường, môi giới xử lý các tài khoản tổ chức nhưng ông đã quyết định để cho phép bạn bè của tôi để mở một tài khoản chỉ với $ 10.000 một đặc ân với tôi. Ông cũng cho phép ông kinh doanh tại các tỷ lệ hoa hồng thể chế gần một nửa những người phải trả cho môi giới bán lẻ. | How to Make Money Trading Options 287 them to another level and created his own mechanical methods. He got his quote screen all set up and was ready to trade. I helped him out by enabling him to open an account at the same broker that I used. Normally the broker only handles institutional accounts but he decided to allow my friend to open an account with only 10 000 as a favor to me. He also allowed him to trade at institutional commission rates that are roughly half those charged by retail brokers. He then proceeded to lose about 60 percent of his bankroll over the next six months. This was a terrible track record since it meant that he was losing consistently because he was able to keep his risk to below a couple of hundred dollars for each trade. That means he had a lot of losing trades. It was quite remarkable because the system he was trading had very little discretion and had such a tremendous track record while being tested. He went back over the track record of the system during the time that he was actually trading it. Turns out that he had lost 60 percent but the system was profitable. In other words he was not actually following the system. He was not executing the trades according to the signals. It turned out that he was intimidated by calling an institutional broker and only putting in a one or two lot order. He felt that he was wasting their time since they were used to dealing in larger quantities and that they were doing it only as a concession for me. The brokers had never complained but my friend had projected a problem where none existed. He would hesitate before entering a trade and end up missing many trades and creating a huge slippage problem. The solution was obvious. Shift his account to a retail broker that charged twice as much and gave poorer service By shifting his account to a retail broker he felt that he wasn t bothering anybody and could go back to focusing on the market instead of his relationship with his broker. He was getting .