Mike -- read Tharp (5), LeBeau (>10), Chande (4), Stridsman (>10), Elder (2). Numbers in parens are the approximate numbers of book/reports/publications that each person has authored related to this subject. But, no need to read all this. Backtesting will prove this....
Thanks for the feedback....but tharp et al don't pass muster for me. You know what they say, those who can trade....trade, those who can't...well...write books. I am speaking tongue in cheek , but the truth is I have never had a strategy learned out of one of my hundreds of trading books make me any real money. (I do have a very expensive collection of books) My realtime trading, not theoretical curve fitted results, have shown that my current strategies work the best( I do spend many hours studying my losing trades in an effort to create a strategy for either improving the trade, or minimizing the loss). I will continue to follow this thread. Good trading! Mike
I'm interested in exits ideas. I searched the ET site for it, but I couldn't find much. Would you recommend any thread? Thanks.