Quote from Whisky:
An alternative to "keeping stops too tight" is to decrease the position (partial exits) to lower open-risk. Often overlooked.
It'd be great if we get some posts going on "trade risk management and exits". Also on "adding to winners".
JW
Quote from Sushi:
If you follow the system. Risk management is built in. Sell the breach low ocilliations. So easy even a caveman can do it. Why talk about risk management when many here don't even know the system yet and the system provides for risk stay on topic
all very prudent adviseQuote from ProfLogic:
Screen time will do wonders for confidence.
I'm an added believer that scaling out of a trade shows a total lack of confidence in the trade where as scaling into or adding to a position shows more confidence in the strength and direction of the trade. "Adding to the winners" comes with experience and shouldn't be something you work toward very soon. I know traders that still prefer not to and have successfully traded this for years.
Don't confuse Money Management with Risk Management.
Quote from Insearch:
I had only one 2401 perfect trade set up this morning around 9:54 . . . well sort of . . .
The 343 had already "run away" by the time the 2401 histo started bottoming/oscillating . . .
Quote from asiago:
Prof,
i saw the soybean ppf at 900.00 but the Histogram was far from prime..and then it ran away..too late for me..altough the erg in the entry was major prime..
it was deer in the headlights for me.
Would you elaborate? when you have time?
Quote from ProfLogic:
The Convergence in the 343 was a heads up that the 2401 Trade Area was valid. Wasn't a lot in it though, couple points.
Remember what I said about patience?
Some days will give you many great trades on a single chart. Some days you might have to look to a few markets to get those same perfect trades. It's not even lunch either. We might see one this afternoon. This is a perfect reason to watch a couple martkets if you want to be done by noon each day.
Euro FX just creat a pretty short about 20 mintes ago and March Soybeans created a nice short on open.
DO NOT PUSH TRADES . . . allow them to play out naturally and simply wait on the great set-ups.
Quote from mephistoII:
Does anyone know if an auto-labeling program exists for use in Ensign? Thanks ...