It depends on how many products you are following. If you are just following 5 or 6 commodities, maybe 30 minutes or less. If you are scoring 50 stocks it could take an hour and a half.
Thanks, I am getting little better at it easy enough. Have you discussed stops relevant to A' values etc in this thread ?
Guys, just read the thread. Every questions has already been asked and answered regarding the principles of ACD. Stop being lazy!
Lazy ? sifting through over a thousand pages of fragments of information.. the book is organized and I can find information quick, this thread is filled with a lot of relevant but unfinished business Maybe ask another way, do you think any of you have developed a process of risk management specifically a stop that is better outlined in this thread than in Marks Book? I
Going through this thread and copying and pasting relevant stuff, you can get through 20-50 pages a day, devoting just an hour or two, depending on your patience level. Alternatively, search the thread. STOPS gives me 8 pages of results, STOP gives me 18 pages. And yes, it really is worth going through the thread. Some of the ideas that were discussed and tested are really fantastic. Fisher's book is great for the concept. My honest opinion is when it comes to application, there is more useful stuff here.
I NEVER move stops up. Why? My rule was, I would get out when confirmed A down took place. Usually it would be a monthly A down as these were longer term trades. But if you are a 3 to 5 day swing trader then my stop would be on a "confirmed" weekly A down. Not simply taking out the weekly A down. Again, the importance of time. Weekly down, where to begin with what to use A' value ? OR , look at what week ? or weeks ? 3-5 swing trading... -