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Keep it simple. Limit your losses, let the profits run.
You can't win all the time. I have heard it over and over again- YOU CAN LOSE
70% OF TRADES, AND STILL BE PROFITABLE.
True in my short experience.
Girish Patel
Dean Chahley wrote:
> Hi Tom.
>
> I too have read alot of the materials made by Raschke, Connors, Williams, et
> al. You stressed money management as the most important ingredient in
> trading success. I have heard this from several other traders as well.
>
> I'm curious, would you share your money management style with us? Is it
> multiple contracts/targets, ema's, intra-day swings, etc?
>
> Dean
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