That is a funny co-incidence, just yesterday I decided to buy "Leveraged Trading: A professional approach to trading FX, stocks on margin, CFDs, spread bets and futures for all traders" by Robert Carver.
He has some good books, indeed. I heard about him through a prop trader. You?
How do you determine "system receives a hit"? You go into phantom mode once which kind of hit happens?
Maybe a 50% overall equity loss?
It is an optimized value, the percentage of equity drawdown since the last stock rotation. I only close losing positions (not winning positions - they can keep running in my favor).
