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Re: Rames post# 75611

Saturday, 03/19/2011 3:01:17 PM

Saturday, March 19, 2011 3:01:17 PM

Post# of 94785
I agree, well said. The more time you have to monitor positions, the more risk you can take on. But I think you have to respect the price action, respect the uncertainty, and keep positions small enough so that they won't bankrupt you if they go sour. Having a thesis, an entry strategy, an exit strategy, and so on, are crucial.

The fundamental of trading is ETS - entry, target, stop loss. I think that approach can be translated for an investor as well.
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