There is but one correct method

[Buy1Sell2]

There is but one correct method of trading for the retail trader.

1. Keep losses small. (Never risk more than 2% of Total Liquid Net Worth on any one trade/idea.)

2. Let winners run using stops outside the noise.

3. Keep commissions small

4. Don't scale in or scale out.

 

[ocean5]

uh?

 

[Buy1Sell2]

These 4 points are essential.

 

[Wide Tailz]

Quote from ocean5:

uh?

Good advice.

 

[SamGold]

The only correct method for winning at golf is to shoot more birdies and eagles.

 

[ocean5]

Quote from Buy1Sell2:

There is but one correct method of trading for the retail trader.

1. Keep losses small. (Never risk more than 2% of Total Liquid Net Worth on any one trade/idea.)

2. Let winners run using stops outside the noise.

3. Keep commissions small

4. Don't scale in or scale out.

These 4 rules of yours are from the Stone Hedge fund

 

[SamGold]

Quote from ocean5:

These 4 rules of yours are from the Stone Hedge fund

The number of your posts is a fibonacci number.

 

[ocean5]

Quote from SamGold:

The number of your posts is a fibonacci number.

SamGold in Gematria 426,maybe it means smth for you

 

[logic_man]

Quote from Buy1Sell2:

There is but one correct method of trading for the retail trader.

1. Keep losses small. (Never risk more than 2% of Total Liquid Net Worth on any one trade/idea.)

2. Let winners run using stops outside the noise.

3. Keep commissions small

4. Don't scale in or scale out.

Define "run" and "noise".

 

[kmgilroy89]

I was under the impression that the only correct way to trade was the Jack Hershey Method.