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Everbody....
I've got a question that seems to have no easy answer....Maybe somebody
on the list can help.
>From all I read, it's said that scrupulous money management is
absolutley necessary to be a successful trader. Things like, never
trade with out protection stops, etc. It is also said that you
shouldn't risk more than 5% of your portfolio to make any trade.
HOWEVER, when I try to follow this advice and place my stops within 5%,
some jerk on the floor goes after my trade and stops me out!!
I've done a trade at 2:00 and been stopped out at 2:01. That hurts!!
I've tried on close stops, but that doesn't offer much protection if
your moved against strongly.
My, question.....How does one keep in the market and still practice
money management?
How to keep from being stopped out???
Darrell Zang
Darrell Zang
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