Brookmyre wrote:Hi Mo,
why is 1/6 such a significant number?
Because it works for me
Moderator: moderators
aliassmith wrote:I see why MightyOne has a strong hatred for moving
stoplosses to break even. The "big boys" made a run
on my order 4 times before it moved in my direction.
MightyOne wrote:aliassmith wrote:I see why MightyOne has a strong hatred for moving
stoplosses to break even. The "big boys" made a run
on my order 4 times before it moved in my direction.
I forget which of the market wizards said it, but they said something like:
"If I protected open profits as aggressively as I protect my capital then I would never make a lot of money."
If you are going to reduce risk then you should do it by selling off a portion of your position.
MightyOne wrote: I forget which of the market wizards said it, but they said something like:
"If I protected open profits as aggressively as I protect my capital then I would never make a lot of money."
If you are going to reduce risk then you should do it by selling off a portion of your position.
aVi wrote:MightyOne wrote: I forget which of the market wizards said it, but they said something like:
"If I protected open profits as aggressively as I protect my capital then I would never make a lot of money."
If you are going to reduce risk then you should do it by selling off a portion of your position.
Do you remember if that is from Market Wizards or New Market Wizards? That sounds like an interview I need to read from start to finish.