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I kept track of my trades for a while and took the info
apart. What I found was the larger the trade was offside the less chance it had
of being a winner. Sort of obvious I guess. But I also found that the majority
of the time it was a better strategy to adjust the target based on the worst
price in the trade, rather then just let my stop and target sit after entry. The
other thing I found was all in/ all out was better then scaling on either side.
My results are based largely on short term trades. My
average stop is in vicinity of 3 SP points,12 bond tics, 30 Euro pips. If your
going longer term and using trailing stops your situation is perhaps apples
and oranges to mine. However I have never found trailing exits to be a viable
strategy compared to price targets/ technical occurences (ie pierce of
BB).
----- Original Message -----
Sent: Friday, October 07, 2005 4:10
PM
Subject: Re: [RT] Trade Management
My stop is placed at the point where my strategy was wrong so if price
comes close to the stop but does not stop out, I will let the trade run. That
said, if the approach to my stop and move away are such that the technical
characteristics of the trade have changed, I will consider exiting the
trade.
Earl
----- Original Message -----
Sent: Friday, October 07, 2005 10:45
AM
Subject: [RT] Trade Management
If your in a trade and it almost gets stopped out, but
doesn't quite, do you have (i) a rule that says scratch it around even if
you can and be thankful, OR (ii) just use the same exit if the
trade that was never offside and just boom went your way?
YAHOO! GROUPS LINKS
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