The Player's Club Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Player's Club

SPY 681.43

+0.2%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JDinBaltimore who wrote (5476)	2/9/2000 11:18:00 AM
From: GROUND ZERO™	Read Replies (1) of 11513

>>The question is how long does it take to play itself out. If you jump on the wrong side of a trade, how long are you willing to let the trade run against you? << John, That's a wonderful question... I think your question hits the nail right squarely on the head as far as proper money management goes... in my thinking, a trader should know where he would be wrong even before he ever enters the trade... a sound exit strategy is more important than an entrance strategy and should be deliberately considered before any money is ever put on the table.. that's part of the trade itself, knowing when to fold... the trader should have some expectation about where he thinks the market is going and should leave some elbow room for the market to work... but, he should also know well in advance where the market should not be going if his trade is going to be right... and that's where he should exit the trade... anyone can enter a trade, having an intelligent exit strategy prior to entering that trade is the key to proper and safe money management..... My Best Regards... GZ

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next