http://www.elitetrader.com/vb/showthread.php?threadid=245590
FALSE:)
There may be plenty of strategies for entries and exits available to the retail trader, but this is the correct method to apply to those strategies.:)
Close, but not quite. One must employ the correct method to the strategy that they use and stick to it....
Excellent post!! :)
Beginning to make some progress here-- :) The other three items are essential as well.
? Traders who focus on being right generally lose in the end. I focus on the proper trading method which is to admit early when wrong and...
Excellent! You are beginning to see it! 2% of TLNW was merely the cap on loss! :) -as long as the stop is outside the noise as you define...
Has nothing to do with exact tops and bottoms. The 4 rules in the opening post even help a bad system have better opportunity to not lose as...
No. My tenet is based upon fact, not faith. It is the only correct method.:)
Topic has not been worn out, no. I did prove in that thread beyond any doubt that scaling in and scaling out is inferior to the superior all in...
Each person's system of entering and exiting will be different, but applying the rules in the opening post to each system is the one correct...
Yes certainly---if that is your system do that but applying the 4 steps in the opening post to that system is the correct method. :)
Bingo! The 4 rules in the opening post ARE the edge. The rest is applying that edge to your individual system.:)
Buffet is not a retail trader, he is an investor. Of course you don't use stops as an investor. However in the case of the retail trader, stops...
Thanks for the post--however these are not rules that are germane to the discussion here. We are discussing the general method of trading, not...
One only needs a few rules to successfully trade.:)
Separate names with a comma.