Wave trading: stock market strategies

November 20, 2008

Current situation

Filed under: current market — Tags: — mehanizator @ 16:20

S&P finally broke the 825 support level, this time noone tryed to buy it. Mostly because last two times it was temporary solution and did not reverse the market. So now S&P has an impulse down after breaking strong level, some more levels below are to be explored in the near future.

November 18, 2008

Risk management is the key

Filed under: trading strategy — Tags: — mehanizator @ 12:01

The very common reason for destroying your deposit is taking risks too high. There is a limit of risks your strategy can afford, and it is usually way too lower that you’d like to think. So when you’re taking leverage just 2 times higher this limit, you’re turning profits into losses. Even if your strategy itself is good. It may work fine on lower risks.

So don’t be greedy. It’s too expensive.

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