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Setting Trades and Walking Away
Started:March 31st, 2013 (03:38 PM) by UnderPar Views / Replies:1,243 / 10
Last Reply:April 13th, 2013 (08:12 PM) Attachments:0

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Setting Trades and Walking Away

Old April 13th, 2013, 08:12 PM   #11 (permalink)
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Futures Experience: Intermediate
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Your question is interesting and this is ultimately where i am heading. I know quite a few traders that use this technique but they do not focus on just one instrument to realise their objective and i think this is the key. Some will open/close positions at the start or end of the day and that's it. Obviously, you need to have an edge but as the variance will not play equally on each of your selected horses then the equity curve exhibits less erratic fluctuations.

In terms of emotional coaster roller it can make quite a difference. Let's imagine the trader who opened a long trade on the ES at the start of 2013, no stress and still profitable with no big effort in terms of trade management.

In a way you want to build a small portfolio and make it grow one day at a time. It's certainly possible but you need a certain capital to start to make it worthwhile.

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