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April 17, 2008
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Recent Posts
Recent Comments
- Chris on Introduction
- Abiola on Introduction
- James on Stops & Gaps!
- frank on Stops & Gaps!
good video...i like most of the commentary that james has, but i was extremely surprised by his lack of an exit time limit in a trade that is only marginally moving in his direction. on another note most people have little to no knowledge of how or where to place stops or trailing stops myself included until i watched a video showing two methods from another trader i respect. i have started to adapt one of those methods into my own mechanical trading system.
Posted by: frank | April 17, 2008 at 07:51 PM
Thanks for your observations Frank. This particular trading system does not use a time stop loss, but rather a trailing price stop. This worked well, and took us out of the market towards the end of ply. We do close positions everyday before the session ends to protect the account!
Posted by: James | April 18, 2008 at 10:45 AM