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Are you kidding us (or only me)?
http://smallbusiness.chron.com/diversified-vs-nondiversified-investment-company-37629.html
"Diversified Vs. Non-Diversified Investment Company
by Chirantan Basu, Demand MediaInvestment companies invest in various securities, such as cash, bonds and stocks. Diversified investment companies, such as mutual funds, usually invest in several asset categories and in different securities within each category. Non-diversified investment companies usually invest in one specific asset category or industry, and in a few securities within each industry. Small business owners and other investors can use diversified and non-diversified investment strategies for capital appreciation, regular income or a combination.
........
According to the Investment Company Act of 1940, a diversified investment company cannot hold more than 5 percent of its assets in a single security and not more than 10 percent of the securities of a single issuer."
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Diversification is a core of robust investing and accordingly medium- and long-term trading.
And it is now required by law not only for investment companies, but even for pension plans:
https://www.law.cornell.edu/cfr/text/26/1.401%28a%29%2835%29-1
"26 CFR 1.401(a)(35)-1 - Diversification requirements for certain defined contribution plans."
also:
http://www.icifactbook.org/fb_appa.html
"How investment company operations and features serve investors, examines the tax treatment of funds, and describes the core principles underlying investment company regulation."
etc.
You wrote me: Professional trader REQUIRED by law to diversify portfolio and manage 50...100 positions - in order to reduce risk.
First is correct, he need to diversify portfolio but your 50-100 position not. He don't need to have a minimum amount of positions but common is 50-100 positions.
Edit: After reading once again I got you, I thought you mean he needs to open 50-100 positions also by Law, excuse me for mis understanding
yes off course this is required by law. I also don't tell this is not right what you say. But there is nothing written in the amount of positions he needs to open, and this is what I tell you.
You wrote me: Professional trader REQUIRED by law to diversify portfolio and manage 50...100 positions - in order to reduce risk.First is correct, he need to diversify portfolio but your 50-100 position not. He don't need to have a minimum amount of positions but common is 50-100 positions.
Edit: After reading once again I got you, I thought you mean he needs to open 50-100 positions also by Law, excuse me for mis understanding
Ok. Let's forget about it.
I can add here from there:
https://www.incrediblecharts.com/trading/2_percent_rule.php
"Larry Hite, in Jack Schwager's Market Wizards (1989), mentions two lessons learned from a friend:
Hite goes on describe his 1 percent rule which he applies to a wide range of markets. This has since been adapted by short-term equity traders as the 2 percent rule:
This means that a run of 10 consecutive losses would only consume 20% of your capital. It does not mean that you need to trade 50 different stocks -- your capital at risk is normally far less than the purchase price of the stock."
In present days : Forex+automatic trading system+good terminal = really allow you to trade 50 pairs (stocks).
The combination its better.
Actually , auto trade is based on manual analyze of your experience before. Keep look the fundamental to re-gain your good EA .
Keep try hard :)
Of coursr
Most developers here are fast only to get their money. in addition, they dont have good knpwledge in forex even...
Dear friend,
That is not developers problem. If you go with them, that is your problem. In forex market, beginner start think, they can be a millionaire within a month / week. "in addition, they dont have good knpwledge in forex even..."
If you select them, that means you don't know, what is forex.
Most developers here are fast only to get their money. in addition, they dont have good knpwledge in forex even...
Dear friend,
That is not developers problem. If you go with them, that is your problem. In forex market, beginner start think, they can be a millionaire within a month / week. "in addition, they dont have good knpwledge in forex even..."
If you select them, that means you don't know, what is forex.
Of coursr
YOU mistake. not dev's