Thursday, March 19, 2015

New set of rules for protection

After the gaps of yahoo and alibaba I have to reevaluate my stop loss and trading products.

The problem is that the unexpected price actions do happen.
Alibaba and Yahoo both came close to my initial profit taking level yet bounced up to the stops and now relaxing back again.

1. The overall money on the table should not be more than 150 euros at any case because thats the maximum profit made so far.
2.The stocks traded should not move so much volatile like Alibaba or Tomtom

Have to reduce my size once again to become profitable again and check out what I did right at that time and what I m doing wrong now.

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