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I am entering on market momentum which doesn't necessarily carry through to
the projected target. Therefore I find it prudent to take some money off the
table.
Yes, I rely on greater than 50% accuracy and use tight stops. Its the nibble
approach; it gives me more flex time.
JFB
Shaven Heads Trading NYC
-----Original Message-----
From: alan myers [mailto:a.myers@xxxxxxxxxxxx]
Sent: Monday, September 28, 1998 2:31 AM
To: jfb.nyc@xxxxxxxxxxxxxxxx; omega-list@xxxxxxxxxx
Subject: Re: System Exits
If you are trading three contracts, with the first two earlier exit to
enhance
profits, your entry must be very accurate, otherwise you would simply lose 3
times as much on any losing trade, which could, in a 40% accuracy system,
have
disastrous drawdowns.
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