BOTS's Page

The number one rule of trading: cut your losing positions, and let your winning positions run. So long as you follow this rule, you'll never go broke and you'll always be in the game. However, big question marks have always existed for me over WHEN to actually cut a losing position. In the past I've normally operated on a 20-tick rule: I'll take a small all-red position if the market moves against me by this amount (unless I've backed a long-shot in which case I treat it as a punt and let it… Continue