Redneck Trader: Insightful; outstanding post. Thank you!
Something to add to your trading plan. âWhat do I do when I make an execution error?â You are going to make them so you might as well...
You canât be right all the time. Donât look at your trades as winners and losers but rather as good trades and bad trades. A well-executed...
I have to ask, why slowly? You have recognized the problem and now have to change. What will you gain by doing it slowly? What specifically are...
A more difficult exercise than one would expect.:)
What I did to solve that was to use software to control the trade once Iâve taken a position. The program sets and moves the stops and the...
Your trading plan should be simple enough that anyone can follow it. The plan should have a set up that gets you into a trade and an exit...
Would have been tough today , I have the high @ 21.21 What are you going to short?
In that case increasenow is a shoe in.:cool:
To add to what RN stated above I read this somewhere and it seem appropriate to trading. "To be what you have never been you must do what...
Yes it's unfortunate that way most traders learn to take small loses is by taking a big loss.
Why wouldn't you put your hard stop at the point that would invalidate your trade?
+1 Pay attention class.
Good luck.:)
You shouldnât need a reason to enter your trade as such. The set up you use should suffice. Your system should have a set up a stop and a...
Good start. Go to chapter 11 and do the exercise. Use this journal to report if you followed your plan. What data are you including in your...
What steps are you taking to over come these problems?
All of the above and then some. Edge is the probability of your trading system making more money than it loses. Once you have determined an...
Has your model changed after your stop out? Buy at 51.35 sell at 47.32 Buy at 48.21 plan to sell at 50.10 This doesnât seem to be...
Give a pro golfer a driver and a putter and they will outscore most of the golfers in the world. Give a veteran carpenter a hammer and a handsaw...
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