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TFC Commodity Trading Forum

Re: you weenies on strike or sumthin...

Nice trading Doc...couldn't think of anything I would have done differently...that should scare the poopoo outa you. haha!

Gann would preach...never let a winner turn into a looser and the risk on any one trade should be no more than 10% of your pot. He proposed stop loss usage...always...and in many instances said that 1 to 3 cents stop loss from entry was sufficient.

I don't think, with today's "volatility" or larger moves that 1-3 cents is realistic but there are places, like the Covfefe...where a sell against the trendline with a stop some reasonable distance above the trendline would have worked nicely.