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By waiting for same-direction signals you are stacking the odds on your side. When I get multiple signals in the same day I tend to increase my position size. This means that if I were to normally trade 1,000 shares on an individual setup, I will trade between 1,500 and 3,000 shares on the multiple setup. Obviously this increases my risk, but my trading results indicate these risks are sometimes justified. —Jeff Cooper, from Hit and Run Trading (1996, M. Gordon Publishing Group, Malibu, Calif.). |