@markminervini Been struggling with this aspect of risk management for a while now. Feel like I just got handed a golden nugget. Gonna have to sleep on this information and think about how to best apply it. Thanks for the reply mark!!!
@markminervini Went to cash yesterday. Market just isn’t there right now. Best thing about a strategy like this is that your portfolio can serve as a pretty solid gauge for how the market is feeling. Just gotta pay attention!
@TradingWarz@markminervini At 1R I scale out and push my stop to break even. From there I just manage the trade accordingly. I’ve let a lot of profits disappear in the past because I wouldn’t lock ANYTHING in on the way up
"Wealthy people want to keep their wealth" A direct quote from Senator Warren. Imagine that... you work all your life and would like to actually keep what you earned and already paid taxes on. LOL! This is unreal!