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Birmingham UK
Posts: 336 since May 2014
Thanks Given: 7
Thanks Received: 64
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No issues with the 33% I did wayyyyy more than this 12+ years back trading stocks.
But if your after 1% profit, but risking 5% profit or not closing out trades till +1% profit then your just going to get stuck holding some positions for weeks / months / account death, obviously stick to blue chips here.
Too simplistic and if a trade gets to +1% its a shame to cut it short as it's going your way and could see +5% or +10% then your account really starts to gain size.
I used to trade this way.
Say market is bullish :-
Look for bullish sectors, then bullish stocks in those bullish sectors, go long on pull backs but 66% ish of account.
other 33% ish.
Look for Bearish sectors and bearish stocks, short those, this is your protection against market turning.
Flip if market vice versa.
On positive days, the Longs should all do great, the shorts might break even, on bearish days, the longs will give some back but the shorts will make a load.
Downside, expect your nights to become very long, while you look at 100's of charts.
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