Elliott Wave Risk And Reward by Tony Beckwith
ARTICLE SYNOPSIS ...Elliott Wave Risk And Reward by Tony Beckwith
Establish your exit stop strategy before
placing your next trade.
Traders have no business
trading if risk/reward
analysis is not at the top of
their concerns. If a trader
has no idea of the potential
profit return on any given trade relative to the initial risk of taking the
trade at all, his long-term profitability is in
question.
Elliott wave (EW) analysis has come in
for its fair share of criticism over the
years, due at least in part to the inevitable
overcomplication by analysts and the fallibility
of some of their forecasting. However,
by...
AUTHOR: Tony BeckwithDATE: JUL 2004SUBJECT: Money Management