Quote from fearless9:
that is a quote that means different things to different people.
regards
f9
This was actually a quote from Adam Trader book. The idea is that we tend to overcomplicate trading. I commented on your statement as I agree. Buy1 started this off by saying that keeping a tight stop is a good idea ("Enter anywhere using a small stop and let the winners run and you will do better").
The problem with any of these truisms is you have to codify it for yourself. Keep losses small may be 10% to me on a 100,000 account, etc. For someone else losing 10,000 in a day is not an option. Here comes 140.40 on the spy. Good trading.
