Trend Follower: Feb. Money Management Reset 3

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Tuesday, February 14, 2012

Feb. Money Management Reset 3

Sold 2 and 3. LIHC and GEO.

Trading runs in cycles: some good; most bad. Trade large and aggressively when trading well; trade small and modestly when trading poorly. In "good times,"even errors are profitable; in "bad times" even the most well researched trades go awry. This is the nature of trading; accept it. Linda Bradford Raschke Trading Rules

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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.

Tuesday, February 14, 2012

Feb. Money Management Reset 3

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