FAQ


Summary - Position sizing is your defence against a catastrophic loss. Combining intelligent position sizing with protective stop losses will help you control the risk, prosper and sleep better at night.

Settings - Trade Sizing vs Diversification: It is widely acknowledged that diversification reduces risk BUT a portfolio that is over-diversified (for example, more than 12 – 16 Stocks) is harder to control and almost exclusively exposed to market risk, which cannot be eliminated by diversification. A portfolio that is over diversified will at most times mirror the market, which in the past has meant losses of up to 50 per cent or more for some investors. Research suggests that a properly diversified share portfolio should have somewhere between 5 to 16 shares. The aim is not to have lots of stocks with small amounts invested in each but rather to have the optimum number of stocks with larger amounts invested in each. This actually reduces your risk and increases your returns. Research recommends a maximum Trade Value for each trade to be of between 20% & 6% of your Trading Capital(TC) or 5 to 16 Stocks AND maximum Risk(Loss) allowed per Trade of between 2% and less than .5% of your TC

Why does program sometimes display date in US format for Australian regional computer settings? This problem may occur on some computers (eg Dell, HP) purchased in Australia with Win7 pre-installed. Even though Windows is pre-configured for Australia. Some programs written in the Delphi language will still display the US date format month/year/day. The fix is easy: simply open Control Panel, change the current setting to another location (eg, English(Canada)) and click Apply. Now, change it back to English (Australia) & click Apply

Do I need to own Metastock Charting / Analysis software to use JBL Risk Manager?
For those that do not have access to Local Metastock Price Data select the FREE Internet Price Data option within Settings page.
NO BUT you do need to have access to Metastock format Local EOD data that is downloaded for many other programs such as Amibroker and Advanced Get. JBLRM will integrate with LIVE data provided it is static i.e Markets are closed and no movement in prices.

Can I use JBL RM for CFD’s, Options, Warrants, Futures or FOREX Currency Trading? NO, JBLRM was developed for Share traders, not leverage instruments BUT these instruments are based on the underlying share, you may choose to use it for Stop Loss placement, Share Quantity and then APPLY leverage to these results.

Why does my trial indicate I have 0 days left to run on trial?
Fully functional trial is for only 14 days, if you require a 14 day extension to further evaluate contact support by email requesting an extension quoting your Trial Registration No. displayed in trial window. Someone may have reversed the computer date which triggers an automatic cancellation of trial. DO NOT attempt to re-download trial.

When I purchase JBL Risk Manager or upgrade will I keep my current portfolio information?
YES, as the file portfoliosV1.ini is created after installation. If you un-install old version it will NOT remove any existing portfolio(s). When you purchase program you will be sent an unlock key to remove trial window.

How do I backup my portfolio or locate PortfoliosV1.ini or transfer to another computer? PortfoliosV1.ini is not indexed and generally not found in most searches, to avoid any accidental corruption. Allow any write access / computer changes if prompted. Locate “PortfoliosV1.ini” in RiskManager folder in AppData folder. XP users hit Start | Run | %appdata% | RiskManager | PortfoliosV1.ini If any portfolio(s) gets corrupted delete PortfoliosV1.ini and replace with backup. V9 – Backup/Restore feature included

For Windows 7 Hit Start | Search Programs and Files | Enter PortfoliosV1.ini | See more results | scroll to bottom of results | Search again in – Click on Computer If any portfolio(s) gets corrupted delete PortfoliosV1.ini and restore backup to same destination. C:\Users\Joseph\AppData\Roaming\RiskManager where Joseph is computer name, may be Admin

I upgraded to Metastock 12 using On Demand Cache but can not find data path to insert?
The following is an important message for MetaStock™ users, as posted on the website of the supplier of our JB Premium Data and JB Premium Charts:
“ Version 12 of the MetaStock™ charting program for end-of-day data was released in late October 2012. This version can only read data from Reuters DataLink™. It is not able to read “Local Data” supplied by independent data vendors such as Premium Data. If you are considering upgrading to MetaStock™ version 12, please be aware that you will be locked into a single source of data for it.
The so-called “MetaStock” data format was developed from the earlier “Computrac” format which dates back to the mid-1980s. It came to be colloquially known as the “MetaStock” format through its association with the popular MetaStock™ charting/analysis program. Over time, other charting/analysis programs were developed to read this format and independent data vendors used it to deliver data. The format became a de-facto industry standard. However, in October 2012, version 12 of the MetaStock™ charting program (previously owned by Thomson Reuters™) was released. This version no longer offered the ability to read “Local Data” supplied by independent vendors. Instead, it was made to only access data supplied through Reuters DataLink™.”
From my understanding of the situation, this means that if you upgrade to MetaStock™ 12:
i) You will have to switch to Reuters data supply in USA
ii) You will lose your Smart Charts and notes you may have written on your charts and
iii) You will have to rely on overseas support for your data and MetaStock™
If this does not sound attractive, then you may decide a practical alternative for now is to stay
with your current data supplier and current version of MetaStock™.
I understand that even though some users have been informed that earlier versions of
MetaStock above V7 cannot be used with the latest Windows 7 or 8 — in fact many other users
are actually managing to do so.
Many supporters of JBL Risk Manager who continue to value the importance of Money Risk Management continue to receive the older format thru Equis and/or other independent data suppliers and also as a backup if their internet service ever goes down they still have access to Metastock 11 (which can remain on the same computer as MS12) and they can still continue with their analysis. MS12 will not operate without internet access. JBLRM does not require internet access and currently only reads Local Metastock Data (*.dat files) and it’s history stored on the traders computer. JBL Risk Manager continues as an Add-On on Equis site as they too regard the importance of Money Risk Management as vital to share trading success.

What is the difference between a Static Stop and a Dynamic Stop? The automatic Initial Stop (Static) default appears during new trade set-up & basically answers the question:

“If I have x dollars to spend and I’m willing to risk up to y amount (includes brokerage both ways), many shares should I buy (or short sell) and at what price level should my initial Stop Loss be.

This is my preferred option, it avoids Stop Gunning & best optimizes available CORE Trading Capital.

Your Preferred Initial Stop (Dynamic) option during new trade set-up tries to answer the question:

“If I have x dollars to spend and I’m willing to risk up to y amount (includes brokerage both ways), how many shares should I buy (or short sell) if I placed my Preferred Initial Stop Loss at price z?”

Both Dynamic and Static Stops are available with JBL Risk Manager

Please view this educational review and tutorial of JBL Risk Manager V8.4

If you have any other question or issue please contact our friendly Support Team

Disclaimer: Park Avenue Consulting provides the material on this web site for informational/educational purposes. Investments and investing strategies are personal, conditional on many factors. No mention of a particular security on this site constitutes a recommendation to readers to buy, sell or hold that security. No discussion or evaluation of any particular investing strategy on this site constitutes a recommendation to readers to employ the strategy. Readers are responsible for their own investment research and decisions.

Any feedback or comments would be greatly appreciated support@jblriskmanager.com

Disclaimer: Park Avenue Consulting provides the material on this web site for informational/educational purposes. Investments and investing strategies are personal, conditional on many factors. No mention of a particular security on this site constitutes a recommendation to readers to buy, sell or hold that security. No discussion or evaluation of any particular investing strategy on this site constitutes a recommendation to readers to employ the strategy. Readers are responsible for their own investment research and decisions.