There is but one correct method

Discussion in 'Strategy Development' started by Buy1Sell2, Jul 6, 2012.

  1. 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 Worth on any one trade/idea.)

    2. Let winners run using stops outside the noise.

    3. Keep commissions small

    4. Don't scale in or scale out.






    :)
     
    VPhantom likes this.
  2. ocean5

    ocean5

    uh?
     
  3. These 4 points are essential.
     
  4. Good advice.
     
  5. SamGold

    SamGold

    The only correct method for winning at golf is to shoot more birdies and eagles.
     
    VPhantom likes this.
  6. ocean5

    ocean5

    These 4 rules of yours are from the Stone Hedge fund
     
  7. SamGold

    SamGold

    The number of your posts is a fibonacci number.
     
  8. ocean5

    ocean5

    SamGold in Gematria 426,maybe it means smth for you
     
  9. Define "run" and "noise".
     
  10. I was under the impression that the only correct way to trade was the Jack Hershey Method.
     
    #10     Jul 7, 2012