Archive for the ‘Money @ Work’ Category

The Gambler told us that we “gotta know when to hold ‘em, know when to fold ‘em, know when to walk away, know when to run”, but the sly old dog surreptitiously omitted the part about when to press ‘em.

Alexandra from Germany wrote:

I really enjoy reading your blog. Maybe you can write something about re-entrys and if this possible with your Powertools. I’m an EOD trader and I often struggle if a trend is already running. Just jump on board? Wait for a better chance with less risk? Or just go ahead?

Alexandra is not the only trader bedeviled by this problem. I was too, and that is why I made the trading system.

PYRAMIDING: The system has booked $3,001.95 profit this year-to-date and the present trade is up $18,054.98 for a total increase in equity of $21,056.93. A $10,000 account using 50% margin would be valued at $31,056.93, before commission.

NO PYRAMIDING: The system has booked $2,800.20 profit this year-to-date and the present trade is up $14,903.60 for a total increase in equity of $17,708.80. A $10,000 account using 50% margin would be valued at $27,708.80, before commission.
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