Normal
Nothing WRONG with this style.But Weinstein's, Gupppy's Trend Trading --- and most other Trending techniques can be vastly improved by introducing appropriate EXITS.Surely you wouldn't stand by and watch 20% of profits evaporate on the grounds that the system told me it will recover!Or bring in the the costs -- at the most a couple of 100 bucks at the risk of losing 1000s ----- or tax! -- as any good accountant will tell you "Profits is your job -- Tax is ours "Surely a better approach is to take at least some profit on the topping "roll over" -- and buy back in at a lower price --- if wrong, buy back in --what's it cost? -- a bit of brokerage(insurance) --- after all it's not a real physical thing your buying/selling -- it's PRICE.Cheers
Nothing WRONG with this style.
But Weinstein's, Gupppy's Trend Trading --- and most other Trending techniques can be vastly improved by introducing appropriate EXITS.
Surely you wouldn't stand by and watch 20% of profits evaporate on the grounds that the system told me it will recover!
Or bring in the the costs -- at the most a couple of 100 bucks at the risk of losing 1000s ----- or tax! -- as any good accountant will tell you "Profits is your job -- Tax is ours "
Surely a better approach is to take at least some profit on the topping "roll over" -- and buy back in at a lower price --- if wrong, buy back in --what's it cost? -- a bit of brokerage(insurance) --- after all it's not a real physical thing your buying/selling -- it's PRICE.
Cheers
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