Posted by 5 January 2011

Tools of the ‘Trade’ — How I Work (2011 Version)

This is an update to the post I made back in 2006. What I do hasn’t changed much but some of the tools have changed over the years. In short, the changes are: I’ve changed brokers/trading platforms — a couple of times. Schwab shut down Cybertrader and sent me scrambling to find a new place [...]

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Posted by 9 October 2006

How I Trail My Stops

The other day Downtown Trader asked me how I handled trailing my stop on that DGX short. I pretty much followed exactly what’s in my post about how I take partial profits. I moved the stop to breakeven once my gain was equal to my initial risk of 50 cents per share. As it dropped [...]

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Posted by 26 June 2006

Trading Starbucks Last Friday

SD Trader wanted to know: Mike, I was hoping you could look at SBUX for today’s trading session and show me how you would trade this stock. I got in today at the $36.25 breakout but my stop was too tight (ts.05) and I got stopped at $36.38. Specifically, provide when you would change your [...]

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Posted by 28 April 2006

Worden Users on the Pareto Principle, Position Sizing and the Kelly Criterion

What a coincidence (do coincidences actually exist???) that just as I’ve been thinking more about money management Worden has had a run of users writing in about money management. Here are some of those letters which were published in the Worden Report (emphasis & links added by yours truly):

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Posted by 25 September 2005

Focus on Exits

Here’s a comment that Justin left yesterday: I read many charts these days and have some sense about enter a trade . For example, when 50 ema cross 200 ema and use kd as enter signal. It’s not bad for entry. After i coded my though and do back testing on tradestion. The result is [...]

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