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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: John M. Breitzmann who wrote (1415)	7/10/1998 9:56:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

I've heard mixed reviews on Roberts. I think the most successful thing you can do is develop a rigid approach to controlling losses. Losses are inevitable. The best thing is to first start with a plan for Crisis Management and refine it, stick to it, as you go along. 10K may not be enough; but if you stick to smaller contracts like the E-Mini it won't be too bad. There is an E-Mini thread on SI somewhere which is just starting. It does not have much support yet, however and I don't know if it will help you out much in the long run. Also, start picking up copies of TASC (Technical Analysis of Stocks and Commodities) on the newsstand. Read the issues through for concepts on trading commodities. Decide what your strong points are. Are you better at holding for longer periods or shorter ones. Remember you are not correct, the market is. Going back to Risk Management, decide where your losses should stop and take losses quickly if/when they hit the points you pre-determined. Have to go; will be back from time to time. If you need anything I am able to help you with just drop a line.