Hmmm, Moss take a look at that phrase "as the money pours out of
our accounts"....the trade is down about 1% from the entry. If
you're having that kind of response what are you going to be
feeling when a trade is down 4% (or 7.7% or 15% according to some
work-ups, ahem)....anyway it sounds like you will be likely to
panic out of the trade before it (most likely based on history)
turns around and becomes a winner. If you can't take the heat you
can hedge if you get it right but that can have costs/risks too.
Maybe think about whether your position size is appropriate to your
willingness to face the headwinds that will be inevitable at
times.
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Hmmm, Moss take a look
SPY system scale in 2nd entry
Posted by bkout3 on 6th of Jun 2011 at 03:30 pm
Hmmm, Moss take a look at that phrase "as the money pours out of our accounts"....the trade is down about 1% from the entry. If you're having that kind of response what are you going to be feeling when a trade is down 4% (or 7.7% or 15% according to some work-ups, ahem)....anyway it sounds like you will be likely to panic out of the trade before it (most likely based on history) turns around and becomes a winner. If you can't take the heat you can hedge if you get it right but that can have costs/risks too. Maybe think about whether your position size is appropriate to your willingness to face the headwinds that will be inevitable at times.