Ugly Managed His Risk and Posted Nice Gains
June 30th, 2006You might remember Ugly, the trader I interviewed a couple weeks ago. With June having come to a close, Ugly’s posted his returns for the month in the form of an R graph.
In a month that saw many traders suffer, Ugly turned in some nice results. He even points out that he digressed from his system on a couple days.
The great thing about limiting your risk is that you can afford to fall off the wagon a little bit without financial ruin. This is a point I discussed with TraderMike the other day - when you limit your risk you don’t have to stay up at night worrying about ruining your account; just follow your system and properly size your positions.
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