Yes certainly---if that is your system do that but applying the 4 steps in the opening post to that system is the correct method. :)
Bingo! The 4 rules in the opening post ARE the edge. The rest is applying that edge to your individual system.:)
Buffet is not a retail trader, he is an investor. Of course you don't use stops as an investor. However in the case of the retail trader, stops...
http://www.elitetrader.com/vb/showthread.php?threadid=245590
Thanks for the post--however these are not rules that are germane to the discussion here. We are discussing the general method of trading, not...
One only needs a few rules to successfully trade.:)
Certainly. It will be difficult to go broke only risking 2% each time since as TLNW drops, 2% becomes lesser number. The system that is being...
Haven't posted any trades. I said I was trading from the long side. :)
Agreed. I would say though, that being prudent helps the overtrader as well. It helps both the intraday trader and the outraday trader in my view...
Everyone's perception of what noise is is different. The point is to define that yourself and stick to the 2% rule risking no more that 2% of...
These 4 points are essential.
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...
still trading from the long side as long as we don't break 1325. :)
Only looking long until 1325 is broken on the downside. :)
Prudent Money Management is one of the main keys to profitable trading. Most traders totally disregard this aspect whilst looking for trade...
stop less than 2% TLNW, not equal to 2%.:)
This was luck and nothing else. You were very fortunate. The trader that loses least, wins, so hopefully you have seen the light.:)
Set the stop loss on each trade at no more than 2% of TLNW and walk away.--Just an idea:)
Looking short here basis Auggie
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