Setting Stops To Close
We feel that there is only one thing worse than not using a stop loss and that is setting the stop to close to the entry price. We really get frustrated when we set our stop the market moves against us, stops us out then moves in the direction we had originally planned. There is [...]
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 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 [...]
January 7th, 2008How to Hit a Homerun (20 of 26)
By learning how to hit singles you will be able to hit a home run once in a while. I don’t know of any trader who gets into a trade expecting to hit a home run every time. You should never approach a trade with the idea that it’s going to be a huge winner. [...]
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