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Re: daytrading & money management



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What this brings to mind is the important truth that systems trading is not
about winning with every trade but about a consistent growth in the equity
curve.  Over and over again I have experienced periods when the systems lost
money and I was tempted to ignore signals.  I found out the hard way.
Trading every signal of a robust system leads to profitability.
Lawrence Price
Mark Brown wrote:

> Hello  david,
>
> either  trade in multiples or do not lament over lost opportunity only
> look forward to future possibilities.  in common texas talk so what if
> you  miss a few especially if the good ones are much more plentiful in
> numbers.
>
> dbs>   And for those times when the recoil never comes.....then what?
>
> >>exercise: next time you have a break out buy or sell - rather than buy
> >>the breakout  -  wait - wait until the price pop expires and collapses
> >>down  as  it  is  breaking down against what you would have previously
> >>bought.   then  buy - as the price is now going the opposite direction
> >>(down) that your whole being is fully committed to - can you do this?
>
> --
>
> Have a Great Day, Mark
>
> http://www.markbrown.com