Trend Follower: Example of Money Management New 7

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Sunday, January 15, 2012

Example of Money Management New 7

As previously mentioned took 4% profit from that slow moving stock and transferred capital to the lower stock.

Position Sizing is THE most important aspect of your trading system, because if you have positive expectancy, your position sizing rules will determine your profits. Dr. Tharp - Trade Your Way To Financial Freedom

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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.

Sunday, January 15, 2012

Example of Money Management New 7

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