Thursday, January 20, 2011

Live chat - Stop Losses and Position Sizing

With the market attempting to break the key 4800 area, and small and mid cap stocks running hard everywhere, it's sometimes easy to forget that we still need to apply consistent discipline to our trading accounts. Stop losses and position sizing should be seen as just as important in a running market as they are in tougher times.

The chat software trial last week was encouraging, so next week I am going ahead with the first of a regular series of live chats, where we will discuss the techniques for placing relevant stops and position sizes to suit your risk profile.

To allow for meaningful input from all involved I am limiting the chat to 12 participants. I have opened the chat firstly to all registered readers of the blog, and an email was sent this morning to all who have previously completed the registration form. If it's not in your Inbox this morning, it may have slipped into your junk mail folder, so please check there.

If you're not registered and would like to participate, you will find the site registration link on the right hand side of this page.

The chat session will be held on Monday 24th January at 8pm AEDST (that's 7pm for you Brisbanites!) I expect it will run for 45 minutes or so.

Cheers

Alan

2 comments:

Anonymous said...

Hi Alan - For those unable to attend the live chats (now & in the future) are you planning to record it or provide a summary of your advice on the topic being discussed. Thank you.

Regards,
Confucius

Alan McGrath said...

Hey wise one.

I am still getting my head around the software, but the plan is to leave an archived copy of the chat transcript on the website.

A