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To: sonar69 who wrote (8610)3/30/2002 11:41:47 PM
From: fut_trade  Read Replies (1) | Respond to of 8925
 
"Money management...cut losses fast or within risk ratio, let winners run, smaller position with lower risk ratio...and so on"

I've read this stuff over and over in books with no facts to support it. If you cut losses too fast, trades don't have a chance to turn around and be winners. So that in itself is not useful. Many systems do quite well without protective stops.

In fact, a lot of systems are hindered by protective stops.