| StockFetcher Forums · Stock Picks and Trading · Intraday Alerts | << 1 ... 25 26 27 28 29 ... 1903 >>Post Follow-up |
| Eman93 4,750 posts msg #71224 - Ignore Eman93 modified |
2/5/2009 10:06:27 PM Walid..... Be very carefull on your money mangement....... it is more important than any trading system, spend as much time learning money managment and scaling in and out of trades as you do anything else. Anything TRO would like to add I would love to hear......... An example would be I want to trade 900 shares of FAS, should my first buy of the day be 300 then if the trade starts going my way add another 300 then add the last 300 or should I start with 100 and then add the other 800, should I just buy the 900 (this is what I have been doing)? What stratagy works for you? If you figure 30% to 40% of the time the trade goes the wrong way what would make the most logical method... its how you trade........ the light is starting to get in..... this is a good link on positon sizing http://www.ibankcoin.com/woodshedderblog/index.php/2009/01/26/bet-small-survive-and-thrive/ |
| Eman93 4,750 posts msg #71238 - Ignore Eman93 |
2/6/2009 10:28:30 AM any hot tips? I am watching AINV, and trying to fib trade FAS and FAZ...made one trade on FAS lost. I have been watching them zoom around all week and today nothing.... |
| Walid 130 posts msg #71239 - Ignore Walid |
2/6/2009 12:02:48 PM Eman, Thanks for your advice and for the link. I absolutely agree with you regarding the importance of money management in making a successful trader. As a matter of fact - as Dr. Elder said it - it is one of the pillars of trading next to mind and method. Personally, I never risk more than - often much less - 2% of my account on any given trade. When I first entered this fascinating world 8 years ago, I didn't believe in stops, never used them. After all why using them, nothing will go wrong, right? :-) Of course the result is very predictable and it was only a matter of time. Now, I never enter a trade without calculating and deciding on my stop. Once my order is filled, the stop order is immediately submitted. Regarding scaling up - a.k.a pyramiding - I don't usually pyramid. Even when I do, I add less shares then my initial lot size simply because the vast majority of my risk will be closer to my stop, not the other way around. It is a very interesting conversation, if our friends here would like to continue this discussion, let's start another thread so we don't get off this thread's main subject. |
| johnpaulca 12,036 posts msg #71242 - Ignore johnpaulca |
2/6/2009 1:28:32 PM My bad boy for today.  |
| johnpaulca 12,036 posts msg #71243 - Ignore johnpaulca |
2/6/2009 1:39:33 PM EXM...if it gets over 8.21 could run |
| Eman93 4,750 posts msg #71246 - Ignore Eman93 |
2/6/2009 4:18:38 PM Walid, Thanks...you know a lot more than me.. thanks for the input. |
| johnpaulca 12,036 posts msg #71267 - Ignore johnpaulca |
2/9/2009 10:59:20 AM BDN on the move |
| johnpaulca 12,036 posts msg #71268 - Ignore johnpaulca |
2/9/2009 11:01:41 AM MMR...running ....looking to take profits |
| johnpaulca 12,036 posts msg #71269 - Ignore johnpaulca |
2/9/2009 11:03:02 AM SNV...out@ 4.45..nice run this morning. |
| johnpaulca 12,036 posts msg #71270 - Ignore johnpaulca |
2/9/2009 11:04:37 AM PBRS...starting to look heavy on top will have to tighten up the stops |
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