where there's smoke there's fire, page-4

Great minds think alike Trans.

"Let your profits run, but cut your losses short. "

Allowing a winning position to continue making profits while taking losses quickly can make up a solid trading strategy in itself, and it is a key element of just about any good money management plan.

Many successful traders apply this as a trading rule in their trading plans in one form or another, perhaps by having a minimum risk reward ratio where the anticipated reward on a trade is always greater than the risk taken.

"Sit on your hands when you don't have a clue."

Remember, good trading opportunities eventually arise for those who wait for them patiently.