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I successfully position trade an IRA account using a short term trading
strategy that I consider to be very conservative, and simultaneously
aggressive.
Most of the time the account is in money market. When I find a qualifying
trade set-up I will often commit 25 - 50 percent of my equity to a position
and watch it very closely. If the trade does not immediately fullfill my
expectations and move in my direction ( by that I mean within two trading
sessions), I exit.
On occasion I will be 100% committed to no more that five positions.
I don't avoid the nasty selloffs. I love them. I go long OEX puts, cover
at support, and load the boat on long set ups of the Fallen Angels.
Note that this is a trading strategy. I think the 2% rule is for investors
who don't follow their trades closely.
Good Trading,
Jack Hutchison
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