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Alias Born 04/14/2011

Re: quocuong post# 540

Saturday, 04/16/2011 9:54:36 PM

Saturday, April 16, 2011 9:54:36 PM

Post# of 731
Nope I'm not the same person. I've actually traded the rsi-2 system. It seems to work fine. I was just wanting to find out the finer points of the system. Because I want to be able to stay in the trades for as long as possible.

That is why I am asking for "typical" profit targets and exits. Since lerogee said this system doesn't use stops, I am assuming that this system is position sizing/scaling in if the entry isn't perfect. But at some point a trader knows when a trade is bad and should exit, unless it is position sizing and you don't mind losing all of that money in the one position.

I am not trying to be smart-alack, but I figured with >90% wins then there have been some losses, and I was curious how those are "typically" handled.

Lerogee if you can help me understand the exit/money management/loss portion of the system I would appreciate the help

Thanks

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