Last week while reading a post on entries & exits at ‘My Trading Room’ I took particular note of the fact that the author said that he only trades NYSE stocks. I was curious about his reasons since it seems that the majority of traders are all about the Nasdaq and Level II. So I [...]
Good Stuff from a Couple of New Trading Blogs
Scaling Out of Trades / Partial Profits / Incremental Sales
August 2005 SFO Magazine
The articles from the August 2005 Stock, Futures and Options Magazine (free subscription required) are online now. The cover article is on one of my favorite topics (expectancy) — “Why Large Winning percentages are a bad measure for trading systems”. Here are the other articles that caught my attention: Why Large Winning percentages are a [...]
To Scale or Not to Scale?
In ‘Scale Fish not Trades‘ Michael Taylor discusses why scaling into positions is not a good idea: I have tested and retested scaling into trades in all my systems. And on every system I have created…scaling into a trade produced mixed results. Not one garnered better results than the original non-scaling method. In response to [...]