Wednesday, March 18, 2009

stop until you drop

i advise letting oil come to you here with the use of tight stops if you pick your spots carefully you will be way ahead in the long run-today for instance we see 50.63 as as sell point at the top of the buy channel and most likely you will get a half to point off of that whatever your profit parameters are take it religiously if it drops a point take it and regroup waiting for your next opportunity -it may go against you but if you use a quarter point stop u will only lose $250 if you handicap effectively with you will book the win far more times than the loss-this is the true formula for successful trading -it even works if you drop it to a half which should have you winning at an even higher percentage -if you don't use stops your cash just drops