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Ok....now that we've established that we don't like Larry's and Bill's
stops.......what do you find works better?? As we are on the topic
...let's review Larry's and Bill's ideas ....let's see where they fail.
Reply privately if you wish.
John
Peter Timaratz wrote:
> >Bill Williams also talked about "trading the market not
> your wallet" in connection with stop
> >placement.
>
> I was a student of Bill years ago. Back then I had a fairly
> small account and I told him I thought it was too risky for
> me to trade bonds with this size of account. He said I
> should trade the market and not my wallet. I agree that
> stops should be calculated based on market considerations.
> But if a stop entails too much risk relative to your account
> then you shouldn't take the trade. It's a simple money
> management principle, but Bill didn't agree with it.
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