|
PureBytes Links
Trading Reference Links
|
Support and resistance do not dictate how much you can afford to lose
on any single trade. It has nothing to do with day trading. There are
all kinds of stops and ways to calculate them. The simple method is
to divide the number of shares you are buying into the maximum amount
you can afford to lose on the trade. This gives you the stop price.
That being said, it's your money. You get to do it anyway you want.
A 70 page article is just a warm up when it comes to money
management.
--- In equismetastock@xxxxxxxxxxxxxxx, "metastkuser"
<andysmith_999@xxxx> wrote:
>
>
> Tried out the volatility-based position sizing code. But
calculating
> the stop price as you say below seems more atune to day trading...
>
> For longer term trades, the support/resistance levels give the
stops,
> then the stops and max risk amount give the position size, no? How
do
> I reconcile these two different approaches?
>
> ...and it's a 70 page article...
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, superfragalist
<no_reply@xxxx>
> wrote:
> > s
> > Read the reference to the money management article I posted.
Apply
> > the money management code to any chart as an indicator. Read the
> > number of shares off of it when you are ready to make an entry
and
> it
> > calculates the number of shares you should purchase based on your
> > risk profile and the ATR of the stock.
> >
> > Once you have the number of shares to buy, determine how much
> > downside risk you're willing to take on the trade. Divide the
> shares
> > into the total amount you're willing to lose and that's your stop
> > price.
> >
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, "Martin Blain"
<martin@xxxx>
> > wrote:
> > > S
> > > Thank you once again for some great code.
> > > My token of appreciation. Not sure how to play it but will have
a
> > go.
> > >
> > > ((Security("X.NASD-A",MACD()))>1)
> > >
> > > I lay this an indictor over the x.nasd-a or US stocks (not CDN
> > stocks as out holidays are different)
> > > Take new long positions when up.
> > > I play this in combination to your SPY code
> > >
> > > Martin Blain
> > > Burlington Ontario
------------------------ Yahoo! Groups Sponsor --------------------~-->
What would our lives be like without music, dance, and theater?
Donate or volunteer in the arts today at Network for Good!
http://us.click.yahoo.com/Tcy2bD/SOnJAA/cosFAA/BefplB/TM
--------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|