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Worden Discussion Forum » Members » Jeff7181

Profile: Jeff7181
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User Name: Jeff7181
Groups: Gold User, Member, TeleChart
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Joined: Sunday, February 27, 2005
Last Visit: Tuesday, September 13, 2005 8:51:59 AM
Number of Posts: 2
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Last 10 Posts
Topic: Risk/reward ratio
Posted: Friday, March 11, 2005 7:01:31 AM
Not sure how much this will help anyone... and it may look familiar to some of you who looked into trading the ForEx market with a certain piece of software.

Basically, the method they presented was pretty simple. They recommended setting stops and limits and saying, for every 10% you want to make, you're willing to risk a loss of 5%. So If a stock or fund or currency or whatever was trading at 10.00, you'd set a limit at 11.00, and a stop at 9.50.

The theory was that you only have to be right 50% of the time to come out ahead. Sounds good in theory... but didn't turn out to be successful for me in my paper trading.
Topic: Intermediate to longer term investing
Posted: Friday, March 11, 2005 6:49:35 AM
I think an important question is what do you consider long term? Long term to some people is a week, to others it's 6 months, to others it's a year or more.