tag:blogger.com,1999:blog-1563385524081176864.post5996830639459528549..comments2023-09-28T06:41:02.639-07:00Comments on Phileo's Picture Windows: Trade Update on Ultra QQQ ProShares (AMEX:QLD)Phileohttp://www.blogger.com/profile/03489790780839086228noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1563385524081176864.post-58237003666302426682008-01-28T01:10:00.000-08:002008-01-28T01:10:00.000-08:00Hi JMJ,Yeah, I don't know if I have enough patienc...Hi JMJ,<BR/><BR/>Yeah, I don't know if I have enough patience to backtest an exit strategy, but I certainly agress with being consistent in executing the same strategy. Kind of goes back to planning out the trade better.....Phileohttps://www.blogger.com/profile/03489790780839086228noreply@blogger.comtag:blogger.com,1999:blog-1563385524081176864.post-6799828848056118872008-01-27T15:45:00.000-08:002008-01-27T15:45:00.000-08:00There was a study done, I want to say it was menti...There was a study done, I want to say it was mentioned in Douglas' book "Trading in the Zone" but I could be wrong. That even with random entries, you could be profitable with the right exit strategy. Important to have? I'd say so.<BR/><BR/>I'd also say that it is important to use a strategy that has been thoroughly tested. You have to have confidence in the strategy.<BR/><BR/>In my own trading, I've found that with SOME of my strategies the risk/reward ratio is 1:1 and I should still take the trade. That kind of breaks from conventional wisdom of 1:2 or 1:3.<BR/><BR/>Remember to find a strategy and stick with it until you know if it works or not. Each time you change a strategy, you must wait to see the results (or backtest).JMJAtlantahttps://www.blogger.com/profile/12390678412725852496noreply@blogger.com