Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

erom43

Members
  • Content Count

    1
  • Joined

  • Last visited

Everything posted by erom43

  1. I think letting profits run is a clear choice, with following the trend a distant second....for me. Cutting losses and risk management are essentially the same thing for me, and should be a part of any traders philosophy, regardless of trading style. I mention following the trend because there are many countertrend trading plans our there, that would contradict that rule, and make it moot. When to enter a trade, and where to place your stop are integral to almost every trading plan I have ever seen, and clearly receive the most attention by both gurus and students. When to take your profits, on the other hand, is a much more controversial, and more difficult skill to master. If you are an investor, letting profits run with some sort of trailing stop would seem appropriate. If you are a short term trader however, having a definitive profit target is often a better move.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.