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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 670.92+0.1%Nov 7 4:00 PM EST
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Arran Yuan
GROUND ZERO™
To: GROUND ZERO™ who wrote (93011)5/30/2017 5:38:45 PM
From: John Pitera2 Recommendations  Read Replies (1) of 218583
 
Hi GZ, no worries.... I have only been on SI briefly the past few days as I was attending to Memorial Weekend activities.

so I bought it, and my stop is a 2% risk stop, I'll risk no more than that for any trade...


That was Larry Hite's magic stop loss level for any position, as a % of account equity as profiled in Hite's interview in the very first Market Wizard's book by Jack Schwager.

here is a great 22 page PDF of the study notes put together by a Zhipeng Yang

people.brandeis.edu

John
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