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Strategies & Market Trends : The Ego Forum -- Ignore unavailable to you. Want to Upgrade?

To: Charles Macdonald who wrote (3867)	6/2/2009 11:13:45 AM
From: littlebitmoore2	Respond to of 12175

thanks, Charles. Your post IS helpful. have a great day. lbm1

To: Charles Macdonald who wrote (3867)	6/2/2009 12:18:18 PM
From: hubris33	1 Recommendation Read Replies (2) \| Respond to of 12175

Thanks for sharing your approach. YOu beat me to the reply lol. As I suspected everyone has their own style. I think your approach follows the concept of "managing risk" with each and every trade - which is fundamental to turning from the ups & downs of the market to consistent returns. A good point is Charles makes is that he knows up front BEFORE he enters a trade what his stop and targets are. You gotta know where you are going in order to get there and you gotta manage risk! A decision to tweak the stop intraday is not something that works well for this chair so I don't often do it. I think that falls under the section titled: ya gotta know your limits... igopogo.com H3