Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

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To: MoTech who wrote (39645)	1/10/2009 6:27:58 PM
From: Dr. Stoxx	Read Replies (2) of 39683

Hey MT, Start with position size. Divide your account by 10 and put no more than that into each position. Then use a trailing stop off your entry price of 8% (assuming you are holding several days at least). Don't touch the position until stopped out. Try that for a few weeks and keep us posted. I've got a chapter in the book on trade management which I can recommend if you want to get fancier (just pick up a copy in Borders and read that chapter...no need to buy the whole book). But those 2 rules alone will probably improve your returns. Sorry for the lack of posts here. I'm giving a daytrading seminar this Saturday and have been working hard to get ready for it. It's online and open to all so just go to our site if you want to sign up (put your email address on our opt-in list and you'll get the invite). TC

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