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[USER=78470]@frugal.rock[/USER] has highlighted one of my concerns "knowing when" is the optimal time to "hop off" a position as quick as a "jack rabbit" so it's timely I make a post "chunked into bite sized paragraphs of course" to answer my rhetorical question.

I'm torn
Like most, I've been soul searching looking for improvement in timing the exit a little better. I don't know if I'm disappointed or happy that "at-this-stage" I can't find any improvements, there is nothing that could have caught the rapid fall in the markets any sooner than the indicators I currently have. In hindsight making a "discretionary call" at the first sign of trouble or trading a daily system would have saved a few dollars but in the scheme of things the saving would have been negligible.

How to minimise losses
System trading is not about making easy money - it's about tilting the odds of success in your favour by minimizing losses. You will still need to enter positions at the right time but your exit serves a dual purpose of limiting losses whilst at the same time providing a mechanism to take profits "short circuiting" your emotion. If you execute your exits diligently you will find each position will be sold on its own merits without having to make some impossible call to exit all your positions at once.

Skate.

<blockquote data-quote="Skate" data-source="post: 1062121" data-attributes="member: 57364">[USER=78470]@frugal.rock[/USER] has highlighted one of my concerns &quot;knowing when&quot; is the optimal time to &quot;hop off&quot; a position as quick as a &quot;jack rabbit&quot; so it&#039;s timely I make a post &quot;chunked into bite sized paragraphs of course&quot; to answer my rhetorical question.I&#039;m tornLike most, I&#039;ve been soul searching looking for improvement in timing the exit a little better. I don&#039;t know if I&#039;m disappointed or happy that &quot;at-this-stage&quot; I can&#039;t find any improvements, there is nothing that could have caught the rapid fall in the markets any sooner than the indicators I currently have. In hindsight making a &quot;discretionary call&quot; at the first sign of trouble or trading a daily system would have saved a few dollars but in the scheme of things the saving would have been negligible.How to minimise lossesSystem trading is not about making easy money - it&#039;s about tilting the odds of success in your favour by minimizing losses. You will still need to enter positions at the right time but your exit serves a dual purpose of limiting losses whilst at the same time providing a mechanism to take profits &quot;short circuiting&quot; your emotion. If you execute your exits diligently you will find each position will be sold on its own merits without having to make some impossible call to exit all your positions at once.Skate.</blockquote>

[QUOTE="Skate, post: 1062121, member: 57364"] [USER=78470]@frugal.rock[/USER] has highlighted one of my concerns "knowing when" is the optimal time to "hop off" a position as quick as a "jack rabbit" so it's timely I make a post "chunked into bite sized paragraphs of course" to answer my rhetorical question. [B]I'm torn[/B] Like most, I've been soul searching looking for improvement in timing the exit a little better. I don't know if I'm disappointed or happy that "at-this-stage" I can't find any improvements, there is nothing that could have caught the rapid fall in the markets any sooner than the indicators I currently have. In hindsight making a "discretionary call" at the first sign of trouble or trading a daily system would have saved a few dollars but in the scheme of things the saving would have been negligible. [B]How to minimise losses[/B] System trading is not about making easy money - it's about tilting the odds of success in your favour by minimizing losses. You will still need to enter positions at the right time but your exit serves a dual purpose of limiting losses whilst at the same time providing a mechanism to take profits "short circuiting" your emotion. If you execute your exits diligently you will find each position will be sold on its own merits without having to make some impossible call to exit all your positions at once. Skate. [/QUOTE]

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