Alchemy of Position Sizing and Stop Loss Placement

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Stephen Vita just wrote about how he determines his stop loss placement and position sizing. What he does is almost exactly what I do. (Thank you Van Tharp!) As I've said many time this money management stuff is the key to staying in the game.

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Trader Mike posted yesterday about Stephen Vita's post about how he determines his stop loss placement and position sizing. This is what I do, too, and I think it is very good advice. I try to explain in briefly in... Read More

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Quoted

"One evening, while having dinner with a fundamentalist, I accidentally knocked a sharp knife off the edge of the table. He watched the knife twirl through the air, as it came to rest with the pointed end sticking into his shoe. "Why didn't you move your foot?" I exclaimed. "I was waiting for it to come back up," he replied." ~ Ed Seykota
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This page contains a single entry by Michael published on June 8, 2005 9:03 AM.

Watchlist for June 8, 2005 was the previous entry in this blog.

A Case For Entering (and Exiting) Early is the next entry in this blog.

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