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Websites For Traders | APR 2003
Websites For Traders: TurtleTrader.com by David Penn
Websites For Traders: TurtleTrader.com by David Penn TURTLETRADER.COM If there is a Holy Grail of trading (a colossal “if” in the minds of many), then it most likely consists less of trading systems and more of a set of processes, procedures, and precepts: Ride your winners and cut your losers short. When you are trading well, bet biggest, and when you are trading poorly, pull back or stop trading altogether. And last but not least, don’t fight the trend. While there are modifications and stylistic differences among traders as to the best way to execute this process — from scalpers who cut their winners short to top/bottom pickers who seek to ride trends from their origins (as opposed to profiting from what trend-followers refer to as “the meat in the middle”) — few have fundamentally challenged these general trading concepts.
by David Penn
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