One of the main reasons I am so aggressive with my profit taking is because of this scenario. While the trade did not work out as well as we expected it should have been profitable.
At this point we still have a good Type I and a False Bar Stochastic Buy and if a new trigger appears we can go long once again.
Ron Wheeler
eSignal Learning
Great example of the value in aggressive money management - really been working hard on this and its making a material impact to my P/L. In practice this has really helped me keep in front of the trade thus I feel like I have an edge. And that more than anything provides a way to control my emotions when risking capital.
Nice stuff Ron.
Posted by: Peter | November 24, 2010 at 09:53 AM
That more than anything provides a way to control my emotions when risking capital.
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