What Is A Good Exit Worth?
One bad thing trader’s fall into the habit of doing is to try and get every last tick out of a trade. We have all experienced a trade that started off great then turned out to be a looser. Then there is the trade that starts out with a small loss and turns out to [...]
August 12th, 2008How To Have Two Trading Platforms Open At The Same Time
Having two or more versions of the trading platform can be helpful by putting different accounts or charts on each platform then watching both at the same time on different monitors (if you have two monitors). This way it is easier to track more stuff and have larger screen shots of what you are looking [...]
August 8th, 2008The Importance of Losing when Trading
In real estate the three most important things to an investor are location, location, location. In trading the three most important things are: money management, timing your exits and timing your entries; in that order. More important than how much you make on a trade is how little you lose on the losses. When you [...]
August 7th, 2008Reasons To Enter And Reasons To Exit Trades
We all have reason why we enter and exit trades. But what if the market has changed and the reasons are no longer valid as to why we entered a trade. The best line of thinking we have found is: once the reasons have changed as to why you got into a trade it is [...]
August 6th, 2008Not Using A Stop Loss Mind Set
When a trader sets a stop loss they have pre determined how much they are willing to loose on a trade. They are exercising good money management. Hopefully looking at this one trade as one of many and only part of their trading system. When a trader does not set a stop loss, the way [...]
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