This leads from some of the questions I raised the other day.
Trade Management Ideas
Last night I had a great time smoking a cigar with a good buddy of time. Time flew by as we caught up on what we had been doing the last couple of months. Then the conversation turned to the need to reconcile the theory of Quantum Physics with the theory of relativity. At that point I thought: “Gee in comparison to brain-breaking problems like that, figuring out how to best my positions should be a rather easy challenge.”
With that in mind….
What do I mean when a valid setup “works”?
=> What variables am I taking into account to make that classification?
=> Understanding this, what implications does this have on my trade management approach?
And for good measure, here are some examples of some recent trades where my trade management produced some real unfortunate results…..