subject: Trading Systems and the Secrets of Success [print this page] With (very) long term trading systems you have the advantage that now trailing stops calculate the distance to the stops. I ignore all markets where the distance proposes that the stop won't be hit as that saves much work. I only have a small number of stops in place and they don't get changed too often.
Ok, it can get quite boring sometimes...
Last tip: Always (!) compare TB performance with your betting performance. My worst nightmare was when some positions had really false risk/bet sizes. It took me some days to discover that. It happens as you maybe didn't adjust bet size to TB equity on entry day. I would recommend to check your bets often. I note the TB equity and the betting equity each morning and graph it with excel. If I have a doubt a double check the spreadbets.
I hope that helps and good luck with your trading.
Trading Systems and the Secrets of Success
By: David
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