|
PureBytes Links
Trading Reference Links
|
I've found that I'm comfortable risking about 1% of my portfolio per stock
trade. Typical trades average anywhere from 8-12% of my portfolio size. I then
only trade stocks with a 3-1 profit/loss ratio based on chart patterns. Since I
don't trade a system per say, not a mechanical approach, I've found staying true
to my money management approach will help minimize downside risk. It's not your
entry where you make or loose money, it's your exit.
SGT099@xxxxxxx wrote:
> List
>
> Doesn't it make more sense to customize how much your willing to lose based
> on what you see on the charts be it a recent low or an indicator turning
> rather then saying i can loose x amount of dollars before ill get out. seems
> more like casino gambling. especially when using a percentage I found that
> the more money i make the more money i loose down the line and simply wind up
> where i started from
>
> Stan
|