menutup posisi di saat merugi tidak akan bertahan dalam jangka waktu panjang. If I see the ATR is high relative to the closing price of the stock I will take on a smaller position. The Turtles use a look back period of 20 days for the average true range of a commodity to determine its volatility, at which point they will then size their position accordingly to minimize their risk. Figure 1 shows a typical turtle trading strategy. Dennis would find a group of people to teach his rules to, and then have them trade with real money. Intinya jika ingin menghasilkan keuntungan jangan melawan Trend. As stated earlier in the article I too only risk a maximum of 2 of my account value on any trade. Sizing up if the trade goes in my favor somewhat but not all the way would go against my day trading money management principles. This breakout approach was used for both long and short trades.
Sizing up was permissible all the way to the maximum number of contracts a Turtle could carry based on their account value. The turtles were very prescriptive in terms of which markets they traded. In "The Complete TurtleTrader: The Legend, the Lessons, the Results" (2007 author Michael Covel offers some insights into the specific rules: Look at prices rather than relying on information from television or newspaper commentators to make your trading decisions. I trade on the 5-minute time frame, but I have not called out the exact range breakout range (i.e. #5 Stops The Turtles had a maximum stop loss of 2 of their account value for any trade. I have a set profit target.62 and my end game is to hit this percentage as many times per month to turn a profit. Trading Systems: Run With The Herd Or Be The Lone Wolf? Due to high frequency trading linear moves are very rare to come by intraday. I do not trade any stocks listed on the otcbb. I literally say to myself, I have entered the dead zone (11 am - 2 pm so if I am up on the position I still consider the trade a win. This is at least partly due to the fact that most breakouts tend to be false moves, resulting in a large number of losing trades. The Turtles did not concern themselves with trading equities, options or the other dozen trading vehicles present in the market during the 1980s.
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