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Strategies & Market Trends : Technical Analysis - Beginners
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To: Ronald P. Margraf Sr. who wrote (11710)3/19/2001 4:15:52 AM
From: Michael Watkins  Read Replies (1) of 12039
 
Ron,

I don't have the inclination to BS. Its a poor use of ones time.

All my trading is based on technical trading. I execute many hundreds of orders a year. I rarely risk much more than 2 percent in a trade; occasionally as much as 6 or 7 percent if the trade potential warrants it. I have learned from past mistakes and moved on. My account is up year on year, as it has been ever since I started acknowledging past mistakes and correcting them.

You mentioned, when you first started posting, that you suffered a sizable setback in your account over the past year, and I've been trying to get to the root reasons behind that. It seems through this slightly tortured process of discovery that risk management is a problem for you, yet when discussing stops and other basic risk management techniques, you insist that using these approaches would only limit your upside.

Confuses me.

And yes, I'm still smiling - never fear.
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