Trend Follower: Money Management New 5

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Thursday, February 2, 2012

Money Management New 5

As previoulsy posted will sell no. 6 for a nice profit ( that was MPI)

Also sold no. 3 yesterday for a nice profit. (JGS) Pure luck. Did not see any danger yesterday.

Will sell no. 9 if it will not hold.

http://tracer-tracer.blogspot.com/2012/01/money-management-new-4.html

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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.

Thursday, February 2, 2012

Money Management New 5

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