Anyone ever try http://www.moneymaximizer.com to keep tabs on portfolio risk. When I trade I tend to worry and focus more on my winners and usually end up cutting them quicker than I should. I hope this program can keep me focused on my risk, helping me cut my losers quicker and letting profits run. Nick
Nick - sounds mildly interesting, but can't see it as a substitute for just using good old trade/position management techniques.
I agree Archangel but sometimes I tend loose my focus and and throw discipline out the window. A couple of bad trades can ruin weeks of profit if not managed correctly, and I speak from experience <G>. I need someone or something to constantly remind me to follow my rules, Adhere to my stops. I have Identified my problem (lack of discipline to exit loosing trades) and yet still find it somewhat difficult to correct. Nick