The Ratchford Review-Rick's Latest Essay...
..."Buying Against the Obvious Trend"
Excerpt:
"If you are going to attempt this, it is usually better to take small shots at the market rather than big ones. In other words, if you have a price level in mind, and your trade is based on price likely holding around that price level, to only enter once it reaches that price area and then include a stop-loss not far from that area (small shot). This way, if your expectation does not materialize, you won't lose your shirt."-Rick Ratchford
OK, let me see if I got this. If I want a smaller loss I should have a smaller stop loss amount.
Got it.
Thanks, Rick. You know my motto, "You're the "Best Trading Net Loosing Multi Level Marketing Salesman Posing as a Commodity Analyst I Know"!
