059: Reducing Drawdowns with Scott Phillips
Better System Trader
00:00
How Many Exit Points Should I Add?
In my opinion, the best way to build exit algos is to pick a bunch of different exits that you like and race them off against each other. For example, for catching the bulk of a trending move is a trailing spike low exit. You can't put too much stuff in the system before it gets cufited. So i really just want to bank a decent standard deviation of winners and get on the next bet. I've seen us successfully do bollinger bend with terns down, tightin the stock, or when bollinger Bend with turns down bank, partial profits.
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