Cut your winners and hold your losers.

[Habib]

Strange as it may sound, but it works quite well in ranging markets which is what the markets are most of the time. OK the range can be quite large but that is where proper money management comes into play.
Going against the short-term trend and not over-committing generally helps.
Problem with this approach of sticking to one wrong position is that it can wipe you off eventually, but so can falling debris from the sky.
Think 10 times before you enter a position, wait for the right price to come your way (never chase a running train) and then stick with it unless something drastically goes wrong in which case cut your loser at the nearest catchable point of the new confirmed range. Of course, you have to keep weighing the fundas to make an assessment of if the breakout against you is genuine or not.
I have been succesful with this strategy so far, but will it keep working for me under different market environments is yet to be seen.

[skseows]

Moderators Note: spam filed post /self promotion


“Excuse the interruptions we removed this add and banned the member for 10 days, guys if he comes back with the same spam filled mentality report him so we could give him more…… please Don’t take it personal skseows just try read the rules next time and we won’t have the same problems..

[kingbear]

Originally Posted by Habib

Strange as it may sound, but it works quite well in ranging markets which is what the markets are most of the time. OK the range can be quite large but that is where proper money management comes into play.
Going against the short-term trend and not over-committing generally helps.
Problem with this approach of sticking to one wrong position is that it can wipe you off eventually, but so can falling debris from the sky.
Think 10 times before you enter a position, wait for the right price to come your way (never chase a running train) and then stick with it unless something drastically goes wrong in which case cut your loser at the nearest catchable point of the new confirmed range. Of course, you have to keep weighing the fundas to make an assessment of if the breakout against you is genuine or not.
I have been succesful with this strategy so far, but will it keep working for me under different market environments is yet to be seen.

Thanks you ,Cut your winners and hold your losers