Jump to content

Jagernaut

Members
  • Posts

    10
  • Joined

  • Last visited

Posts posted by Jagernaut

  1. Re: 5 Golden Rules of Trading

     

    Just my opinions

     

     

    The questions are:

    1. How do you know exactly what trend is now developing if you are in the middle of trading ?

    Looking at smaller timeframes

    2. How do you cut losses quickly ?

    Tricky, transmitted stop levels are bad so scripts are needed, but I guess your question is more about determining stop levels. Formulas that determine the price that would end a move in a trend or pivot in a swing are many and varied. This is an area in which comfort is key and you have to just see which provides that.

    3. How much we let the profit grow ?

    Use comfortable formula just described.

    4. How we divesify our strategy ?

    Trend trade very long term, swing short tem, and use hedge type orders each with different account.

    5. How to manage our risk ?

    For me just understanding rules then use variations in monte carlo to provide assortment of levels to choose comfort level.

  2. Re: Automated System or Manual System?

     

    The rule in trading houses is-

     

    let the system run unless major news event will have effect that the system doesn't recognize ... like from major political events like assassinations, hurricanes earthquakes,

    embargoes, ..................

     

    Systems have to be trustworthy, but then data shows that second guessing is counterproductive without major news events.

×
×
  • Create New...