Registered: Nov 2002
11-16-02 07:32 AM
Yes, it's like having your monkey trading assistant do your entries for you, and it's up to you to handle what positions he puts you into. The monkey idea was brought up by someone else on another thread. The premise was: Would you rather pick your own entries and let a monkey handle your exits, or would you prefer to let the monkey enter the market for you while you handle the exits. When you think of trading in this light, it's easy to realize that exits are so much more important than entries.
Some days I think the I'd rather let the monkey do BOTH the entries AND the exits!!