Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (33544)	2/26/2002 2:40:20 PM
From: John Pitera	Read Replies (1) of 99280

Hi Zeev, I really like your money management techniques. Money Management and loss curtailment are 80-90% of the battle. You have a very nice approach of diversifying your trading into a number of different individual positions and also adjusting your percentage of total funds invested up and down to adapt to changes in market risk . Your adherent to stop losses is a cornerstone of a good trading system and the capstone in your Trading and Money management system, was displayed very recently when you said that the turnips were not giving you a clear and strong signal. In my experience way too much money has been lost by traders trying to force a strong market opinion out of a muddied set of indicators. A trader is really able to do his best work, after he realizes that there are times when there is nothing or not as much to do; while waiting for the times when the balance of evidence indicates the time to put on bigger or more aggressive position/s. John

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