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No Memory Trading

Michael Covel (February 16, 2005)

If you make a bad trade and you have money management you are really not in much trouble. However, if you miss a good trade there is nowhere to turn. If you miss good trades with any regularity you're finished. For example, let's say the market ...

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    The basic trading strategy that all trend followers try to systematize is to "cut losses" and "let profits run". (Read more)

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