Trailing stops, I understand. So his technique is based on choosing assets with great force. I think that with ES he would not have much success with his technique. On the other hand, for example with raw materials at this time it could make more sense. If you are trying to win a championship of course you must choose the strongest assets. It is not the technique that I normally use because I operate with indexes but if it is about winning a championship I understand why it does it. You must seek the maximum strength.
%% Can give some great ideas of what could be done. BUT many trade them +a blow up occurs/well thats the way many do . And prove / win a derivatives contest, turning 100k into $900,000 without pyramiding; good markets + good money management.
10 Ways Traders Take Profits https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-13#post-5073703
Position management is the least discussed but most important aspect of a trading system IMO. It will make you or it will break you.
Hello bone, I highly disagree. Making money is the most important aspect of a trading system. All that other stuff is messing around over complicating things as usual. Position management is easy. Do not put on more contracts than your account can withstand losing, or if you put on too much risk, you will lose a lot. What is so hard about understanding that? Traders know they doing putting on too much risk when they take the trade. They trying win big in one lick. Their fault. Trading skills is farrrrr more important. When to enter and when to exit are the only 2 skills needed everyday for trading. Everything else is hog wash.
I think the way Neuroway operates is very interesting, however futures with a very strong trend are needed and they are not always available. I wonder what futures they were trading with at the world cup. Maybe with stocks it could work very well.
It is also important not to focus ... on not losing. Losses are a fact of trading. Anyone who tries to avoid them, which obviously you can't, will ultimately lose it all.