Trend Follower: Example of Money Management Reset 3rd Week of Feb

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Wednesday, February 22, 2012

Example of Money Management Reset 3rd Week of Feb - 7

Sold no 4 and 9, OV and OPM, nice run.....

2 comments:

Anonymous said...: Sir Tracer,

May I know how much (% portfolio value) do you maintain as cash reserve or buffer.Do you recommend using margin or loans offered by brokers. Thanks in advance.; February 23, 2012 at 1:41 AM
About tracer said...: i am 100% invested. I do not used margins nor loans. You cannot trade properly if you are fighting against time.

Trend following is about patience.; February 23, 2012 at 12:17 PM

Tracer's Trading Rules

1. No Set up, No Trade

2. Plan your stops before entering a trade

3. Let you profits run

4. Never argue with the tape

5. As soon as your price move in your favor, increase you stops.

6. Always be on the look-out for danger signals.

7. In a losing streak, take a vacation.

8. In a winning streak, add more.

9. 3 rules you must always follow, 1. cut-losses, 2. cut losses and rule number 3. cut losses.

10. I do not have targets.

11. Keep Learning. The market is constantly changing. No strategy works forever.

By following these rules, you have limited risk and unlimited profit potential.

Wednesday, February 22, 2012

Example of Money Management Reset 3rd Week of Feb - 7

2 comments:

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