Dan, Great webinar with Mark Minervine, I was able to get in and listen t0 Mark. I picked up his book “Think & Trade Like a Champion” last week but haven’t had the time to read it yet. You always seem to come up with great topics and this one was excellent. I especially was interested in the position sizing and stops. I was pretty close to his 12.5% position size that was stated as one of the 3 examples,. with 1.25% risk of total equity. I currently am using a 2.5% risk of total equity and a 10% position size. I think I may need to adjust to a 25% position size with a 1.25% risk and cut back on the # of stocks. On my stops I typically look at support but use a 5% stop as my maximum stop loss. I will look into Mark’s course in October in Myrtle Beach, I might go to depending on if my schedule has no conflicts.
Dan –
Please tell the individuals who missed today’s webinar with Mark that you already tell us everything he said, today, so they didn’t really miss much!
Anne Fortun
Dan, Great webinar with Mark Minervine, I was able to get in and listen t0 Mark. I picked up his book “Think & Trade Like a Champion” last week but haven’t had the time to read it yet. You always seem to come up with great topics and this one was excellent. I especially was interested in the position sizing and stops. I was pretty close to his 12.5% position size that was stated as one of the 3 examples,. with 1.25% risk of total equity. I currently am using a 2.5% risk of total equity and a 10% position size. I think I may need to adjust to a 25% position size with a 1.25% risk and cut back on the # of stocks. On my stops I typically look at support but use a 5% stop as my maximum stop loss. I will look into Mark’s course in October in Myrtle Beach, I might go to depending on if my schedule has no conflicts.
Dan –
Please tell the individuals who missed today’s webinar with Mark that you already tell us everything he said, today, so they didn’t really miss much!
Anne Fortun