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Strategies & Market Trends : Swingtrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?


To: Windseye who wrote (9)10/4/1999 12:09:00 AM
From: Brandon  Read Replies (2) | Respond to of 551
 
Hey Windseye,

I like your money management scheme... only risking 2% at any one time. How do you guarantee that the stops work?

Once we have decided upon holding something overnight we do give up a good deal of control regarding a stop. The best protective measure you can take is to make sure there is not any known news pending. The other thing is that we generally do not hold something overnight which closes below the upper 50% of the days range. If you do this you will take few hits in a long career, but over time you will end up on the winning side of the market.

Brandon
www.mtrader.com/swingtrade