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[RT] Re: Chuck LeBeau's TraderClub



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Money stops are the worst way to trade.  They establish your economic
risk, but not the turn in the market.  A system and stop should be based
upon price action reversal and not upon your bank roll.  You should be
able to adjust your system to accommodate your finances.  You can't
govern market action by your financial risk.  Your stop should be placed
where the market says the trade is wrong, not where you have lost all the
money you can afford on the trade. Ira.

Gary Fritz wrote:

> > > He said the system uses a built-in
> > > Tradestation money management stop of $1500.
> > This is the part that I don't understand. Why not hard-code the
> > stop into the system and thereby avoid any chance of bouncing-tick
> > fakery?
>