| THE 10 - 2 TRADING SYSTEM | | | | greater percentage of the time than showing |
| Many people trade irrationally, they try to trade | | | | positive gains. Even though you are having losses |
| the next flavor of the week stock. What is in the | | | | you can still profit by controlling the amount lost |
| news or forums without a game plan. This lack of | | | | or gained using percentages. Now having |
| planning will only discourage you and incur constant | | | | incremental percentage gains are only amplified |
| losses to your portfolio. Here is the best example | | | | when the dollar value goes up. Instead of a dollar |
| I can give people that are losing money on their | | | | stock, look at the gains on a ten dollar or a |
| picks. If you stay focused on 10% profits and | | | | hundred dollar stock. Increased profits |
| 2% losses, your monthly gains will out-pace your | | | | mushrooming in your trading account by the |
| losses and your portfolio will go up every month | | | | shear volume of positions that you hold. Think of |
| without fail. | | | | owning a dollar stock and having 1,000 shares, |
| EXAMPLE: | | | | now add a couple of zeros to that and having |
| Starting with a trading amount of $10,000 | | | | 100,000 shares and then ratcheting up profits in |
| invested into 5 different stocks consecutively. | | | | your account |
| Calculate your share price, costs (Commissions) | | | | PRIOR TO MAKING A TRADE. |
| incurred for buying (Entry Position) & selling (Exit | | | | Mathematical Expectation of the 10/2 System |
| Position) calculating profit or loss. The amount of | | | | Formula: |
| money paid per share is not factored into this and | | | | ME = [{1 + (AW / AL)} * PW] - 1 |
| does not need to be. What we are doing is | | | | WHERE: |
| tracking percentages on your trades. Here is a | | | | ME is the mathematical expectation. |
| trading summary of your actions. | | | | AW is the average winning amount. |
| First trade you invest $10,000 on a stock you | | | | AL is the average losing amount. |
| buy in at a desired price, price rises and your get | | | | PW is the percentage of winning trades for the |
| out on a 10% profit of $1,000. | | | | strategy. |
| Second trade you re-invest $10,000 on a stock | | | | EXAMPLE: |
| you buy in at a desired price, price rises and your | | | | Even if you only have a 20% winning average on |
| get out on a 2% loss of $200. | | | | one out of five trades, you will still have positive |
| Third trade you re-invest $10,000 on a stock you | | | | cash flow by averaging out your winning trades |
| buy in at a desired price, price rises and your get | | | | minus your average losing trades. Investing a |
| out on a 10% profit of $1,000. | | | | generic $10,000 on every trade, following the 10 |
| Fourth trade you re-invest $10,000 on a stock | | | | 2 rule, taking a 10% profit or a 2% loss. |
| you buy in at a desired price, price rises and your | | | | ME = [{1 + ($10,000 / $2,000)} * 0.20] - 1 |
| get out on a 2% loss of $200. | | | | ME = [{1 + (5.0)} * 0.20] - 1 |
| Fifth trade you re-invest $10,000 on a stock you | | | | ME = [6.0 * 0.20] - 1 |
| buy in at a desired price, price rises and your get | | | | ME = 1.20 - 1.00 |
| out on a 10% profit of $1,000. | | | | ME= 0.2 |
| Summary of executed trades: | | | | Giving you a positive mathematical expectation on |
| First trade $1,000 | | | | 1 win out of every 5 plays. |
| Second trade -$200 | | | | EXPECTED RETURN |
| Third trade $1,000 | | | | Average amount of P/L expected for each trade |
| Fourth trade -$200 | | | | using the 10/2 rule. |
| Fifth trade -$200 | | | | ER - (PW * AW) - (PL * AL) |
| Sub-total $2,000 in gains | | | | WHERE: |
| -$600 in losses | | | | ER is the expected return. |
| Total =$1,400 in Profits | | | | PW is the probability of the winning trade. |
| So you can see that if you have one winner on | | | | AW is the average winning amount. |
| five picks you will still come out profiting. 3 or 4 | | | | PL is the probability of a losing trade (1 - PW}. |
| winners will increase potential profits even greater | | | | AL is the average losing trade amount. |
| by monitoring your losses. This is key strategy | | | | EXAMPLE: |
| which is overlooked by many, everyone wants to | | | | If you have a 20% winning average, the average |
| make money but hates to lose it. | | | | winning trade is $1,000(10% profit) and average |
| To make money at the stock market you have | | | | losing trade is $200(2% loss). |
| to have the mind set that you will lose money a | | | | ER = (0.2 * $10,000) - (0. |