Posted by 26 February 2007

Personalized Protection

Michelle B submits: Sylvain Thibault commented: I read somewhere you never give back more than half your profits on a trade. How do you trail your stops on a day trade eg: yesterday’s MXIM. Perhaps you are referring to this excerpt from the StockTickr interview: StockTickr: What’s your exit strategy for winning and losing trades? [...]

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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 17 August 2006

More on Partial Profits

Vince had the following questions about how I trail my stop loss orders and take partial profits: Mike – it is great to see your trades – it helps many of us – great job. Question – you seem to acknowledge that at 2R you take partial profit and also at the same time you [...]

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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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