Replies to post #133525 on Simple's Green Room

[pennies2007]

I just follow the TDI and the wave count...the price generally takes care of itself after a while. All I have to do is take small entries and just stack em up every 50 to 100 pips or so.

A basic rule I have for money management...I typically only enter about 2% or so of the total margin I have for an order. That way, I don't have to sweat it if it runs the other way for a while. That's using the 4 hour chart of course. For daily and weekly, it's somewhere between 0.5% and 1.0% of the total account value per order and I space them farther apart...minimum 100 pips or so per order and usually 150 to 200 pips apart. Then as price comes back to me, I just start ticking off the profits.

It's easier that way and no stress. :-)