I am sure Geez will explain later....What I want to ask is if someone is familiar with the work of Van Tharp.He is a market wizard and I've read 1-2 of his books.He insists n the matter of money and trade management and he has performed some interesting experiments. In one of these,they put monkeys,yes monkeys,to shoot darts on a board listing the stocks...Then they bought the stock (they played only the long side) risking 1% of their capital.Geez is risking even less...If I remember well,they had a target of 3:1. The result? you bet....profitable,very profitable.Although their w/l ratio was under 0.40. This is why I insist that Geez has an "edge" and the edge is his 2:1 target,besides his very small risk on each trade.If his platform allows him to ause OCO orders,he could go away from his PC and the trade would travel alone.... The "Turtles" used the same concept.They were buing a 52 week high and they played with volatility,ATR.Again,very profitable...It's the discipline of having money at the table (profit) and calmly waiting for your target to be reached that makes all the difference.... Now a question for Geez....do you have a plan for re-entering a stock,if the same pattern appears? in this way,you could catch a home run,taking "pieces" of the trend.
Good one <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2419080" /> Does any one trade with Geez's published trade which is posted almost real-time? I seriously got tempted couple of times on a slightly better entry.
I have at times, but it's not always feasible when it's a fast-moving stock (especially those juiced-up ETFs). I suspect that Geez would suggest that you use his methods and apply them to stocks (or indexes) that you feel comfortable with, rather than follow him blindly. After all, one way or another, he'll be done by the end of the year, and then what would you do?
Quote from an article on "Currency trader" magazine: "Raising a stop protects profits, but also cuts them short" Geez was very clear,a few days ago,in explaining to me why he usually doesn't move his stops.