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Re: Trade the Markets
Notouch,
I never noticed that but I did notice and tried to question JC on the stop loss system that he uses. You basically need to do better than 2 to 1 in terms of winners ( and that's hitting all targets) to losers to just break even.
JC, likes to uses 1/2 at +5, 1/4 at +10 and 1/4 +20 with 20 pt stop. You loose once and on 4 contract your down 80 pts. You need to win the next 2 at 5,5,10,20 or 40 pts total for each trade to just breakeven. I find that hard myself to get this type of return.
Are you an active trader and if so what would you suggest is a good way to get your % winners up? I've been live paper trading (I know the pitfalls of this form) to get a feel for my software, the enty points and taking profits at least for now. Once I feel confident I'll go live and hopefully not have my profits drop too much at that point.
thx,
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