confirmation before placing a trade (not pulling the trigger)

Discussion in 'Psychology' started by Wallace, Jan 22, 2013.

  1. vinc

    vinc

    I can't imagine a system without EXITS..They are the most important and the most difficult part of the game..
     
    #11     Jan 23, 2013
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  2. bone

    bone

    Everything is timeframe relative. That is a big part of what I have learned over 21 years of trading.

    For example, if you are a longer term position or swing trader, you can afford to use a confirmatory signal or cue of some sort. If you are putting on 120 trades in an eight hour session, well probably not.
     
    #12     Jan 23, 2013
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