The art of collecting profits

Neuroway said:
I enter positions with trailing stops only. Each traling stop has a max risk of 1%, less if I have more than 25 position, as the whole max risk at any time for my account is not allowed to go beyond 25%. I don't limit my positions on the upside. I pyramid them when they win. I don't use automated rules for raising stops, I have my own rules.

When my account has reached its profit target, I close all my positions and start again.
More...

Trailing stops, I understand.
So his technique is based on choosing assets with great force.
I think that with ES he would not have much success with his technique.
On the other hand, for example with raw materials at this time it could make more sense.
If you are trying to win a championship of course you must choose the strongest assets.
It is not the technique that I normally use because I operate with indexes but if it is about winning a championship I understand why it does it.
You must seek the maximum strength.:)
 
trader1974 said:
It is a good idea to win a championship ;)
More...
%%
Can give some great ideas of what could be done. BUT many trade them +a blow up occurs/well thats the way many do . And prove / win a derivatives contest, turning 100k into $900,000 without pyramiding; good markets + good money management.
 
bone said:
Position management is the least discussed but most important aspect of a trading system IMO.

It will make you or it will break you.
More...
Hello bone,

I highly disagree.

Making money is the most important aspect of a trading system. All that other stuff is messing around over complicating things as usual.

Position management is easy. Do not put on more contracts than your account can withstand losing, or if you put on too much risk, you will lose a lot. What is so hard about understanding that? Traders know they doing putting on too much risk when they take the trade. They trying win big in one lick. Their fault.

Trading skills is farrrrr more important. When to enter and when to exit are the only 2 skills needed everyday for trading. Everything else is hog wash.
 
Last edited:
I think the way Neuroway operates is very interesting, however futures with a very strong trend are needed and they are not always available.
I wonder what futures they were trading with at the world cup.
Maybe with stocks it could work very well.
 
It is also important not to focus ... on not losing.

Losses are a fact of trading. Anyone who tries to avoid them, which obviously you can't, will ultimately lose it all.
 
SunTrader said:
It is also important not to focus ... on not losing.

Losses are a fact of trading. Anyone who tries to avoid them, which obviously you can't, will ultimately lose it all.
More...

buffets two rules of investing:
1. Avoid losses
2. See rule #1
 
You must log in or register to reply here.
Back
Top