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hi Mw!yes I agree, that's why having small position sizes at the outset is important, anything can happen in the market...my language was loose about the stop- I don't use an arbitrary stop % as I'm a technical trader- it has to correspond to a strong logical stop (eg EW invalidation point or a pattern failure point or below a pivot level), I adjust the position size to suit the max amount 'risked'. Sometimes you can cover several invalidation points with one stop- so when you're wrong you're wrong on several points and you know it and there are no regrets. btw, I work out my ideal stop point first and then look for an entry level, my guess is that many people would do this.Nice analysis with CTX, certainly is showing strength.btw, there are a number of threads on system testing and development on ASF, with many contributions by tech and other mechanical systems traders.
hi Mw!
yes I agree, that's why having small position sizes at the outset is important, anything can happen in the market...my language was loose about the stop- I don't use an arbitrary stop % as I'm a technical trader- it has to correspond to a strong logical stop (eg EW invalidation point or a pattern failure point or below a pivot level), I adjust the position size to suit the max amount 'risked'. Sometimes you can cover several invalidation points with one stop- so when you're wrong you're wrong on several points and you know it and there are no regrets. btw, I work out my ideal stop point first and then look for an entry level, my guess is that many people would do this.
Nice analysis with CTX, certainly is showing strength.
btw, there are a number of threads on system testing and development on ASF, with many contributions by tech and other mechanical systems traders.
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