Scaling into a position - any suggestions on how to manage the downside?

Discussion in 'Strategy Building' started by DEM BONES, Feb 11, 2010.

  1. You should write a book.
     
    #21     Feb 15, 2010
  2. stevegee58,

    appreciate the feedback.

    What I have found is that with careful selection of plays the success ratio can be very high.What I'm going to start working on to improve the overall net result is limit the number of entries and begin with a solid line in the sand - such as breaking a lower pivot (on longs).

    These steps should help diminish the chance of an oversized loss.The question will be whether a positive expectancy can be maintained and have the numbers work.

    I'll consider posting results of intra-day trading if anyone is interested.As I work on it I will only be trading a small amount of shares where as worst case no serious damage will be done to the account.
     
    #22     Feb 15, 2010