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Jim,
> Although I have not defined my question precisely, I am talking about the
> tactics of getting into and out of a position, once a market has been
> chosen. I am trying to look at the technical aspects of technical trading
> and to find out and put some performance numbers on what is being done by
> us - serious attempters of TS.
Getting in is the easy part - a coin toss works. Getting out is the hard
part although it should not be. It's all about risk - how much of your
account do you want to lose/give back on a trade? Folks will try and use TA
to exit and that's fine as long as it does not violate how much they are
willing to lose/give back. If it improves the exit, great. When I hear
people talking about TA-based exits, I rarely hear them talking about max
dollars to lose/give back which leads me to suspect that they don't have a
max dollars to lose/give back figure. If they don't, they'll lose because
they haven't defined risk in a way that is tied to their account.
Season's best,
Mike
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