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Aug 14, 2007 4:55 pm |
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re: re: Favorite site for commodities / futures charts, single-stock futures? |
Adrian Scott
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Having a plan is key, one that includes risk management.
To look at things another way, hopefully someone with several million to risk would not fully risk it ;)
The plan should include risk per trade (e.g. 1-2%) as part of its definitions and systems.
The 20x-ish leverage and liquidity of futures requires a trading plan (w/ backtesting etc.). Trading at that kind of leverage without a risk management plan is like buying real estate with a 95% mortgage... ok, sorry, bad joke! ;)
Thanks for the post and the suggestions,
-a
Private Reply to Adrian Scott (new win) |
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