4 ms·
Risk management barely answers the question. I can sell when I go below a threshold, but how do I buy back in?
by odonnellryan 9y ago
Risk management barely answers the question. I can sell when I go below a threshold, but how do I buy back in?
- SirLJ 9y agoObviously you need a strategy, otherwise the whole exercise is pointless...
- odonnellryan 9y agoWell, yes. But then that brings us back to the question, how to determine a strategy?
- SirLJ 9y agoOK, this is how I did it: I went and back tested any trading strategy I could find, of course they all failed, but it gave me the feel for the market and I started having my own ideas and this is basically how I found my edge... Always remember what my good friend from high school Mark Twain once said: "The harder I work, the luckier I get." ;-)
- odonnellryan 9y agoPeople also just get flat lucky, all the time!