Most youd risk on one market

[foxwood]

There's a film in there somewhere

[Alpha322]

Well, I thought it was anyway

Seriously though, would love to hear others thoughts or choices and decisions about how they choose their staking levels.

People especially New Traders think the more bigger your bank the more you can put in and the more you can make. Me personally i use to fit stakes to a price ie if i wanted £5 per tick etc , but i dont do this any more. Your returns are reliant on how well you manage your positions and how much is in the market for you to get out, if i see roughly there is £200-300 stakes on the ladder my biggest stake for that market would be say £500 (Built up of £125 stakes) Scale in, and then scale out if market going for or against. Its about managing and keeping in flow with what the market has with in it not Staking

[stueytrader]

Well, I thought it was anyway

Seriously though, would love to hear others thoughts or choices and decisions about how they choose their staking levels.

People especially New Traders think the more bigger your bank the more you can put in and the more you can make. Me personally i use to fit stakes to a price ie if i wanted £5 per tick etc , but i dont do this any more. Your returns are reliant on how well you manage your positions and how much is in the market for you to get out, if i see roughly there is £200-300 stakes on the ladder my biggest stake for that market would be say £500 (Built up of £125 stakes) Scale in, and then scale out if market going for or against. Its about managing and keeping in flow with what the market has with in it not Staking

Yes, it's a fair point that picking a 'staking level' is not the entire picture of course. However, it's still possible to either scale up, or scale down, in your basic staking amounts used - I'm pretty sure Peter uses far bigger stakes than I do for example, even though we may be using the same markets and/or method to do it.

[stueytrader]

Care to share more detail on this?

I was working for a firm called DST on a trading system called Impart, something like 45 of the top 50 investment management firms used it, front and back office stuff. At the time it didn't have a derivatives trading module. Barings and a couple of others (Nomura and Goldman's I think) sponsored the development of one and I designed it and oversaw the dev. I met Nick briefly when I went out to Hong Kong for the implementation of the first release. A lifetime ago when I was a young hotshot. It was at a time when you could just write stuff and go and install it, when dev got serious and procedural it took all the fun out of it.

Oddly, nerdily, cool to have been a part of the story though Shaun

Did he mention you in his book I wonder....

From sounds of it, he was going against having the kind of safeguards that would have limited his own trading?