Cut your losses immediately when the trade doesn’t go your way. There’s nothing harder to learn and nothing better. I’ll be even more specific. The average “run of the mill” day trading advisor will tell you to enter a trade, place a stop of 2 to 4 points, place a target that’s equal to your stop, or 2 to 3 times greater, and then wait for your stop to get hit. This is a big mistake that is going to end up costing you.
Bone speaks (and writes) excellent English, conveying his meaning concisely and with great clarity. As a forum sponsor, he also reliably does so without ever being "promotional" in the insights and experience he offers here, and we're lucky to have him.
that advice unfortunately worth no more than "buy low sell high" advice , because one has to be able correctly to define "doesn’t go your way", same way he has to define what is "low" and when is "high" in order to do that one needs a functional (not fictional) method ! any day trading adviser - does not know what they talking about (otherwise they would never be a trading adviser)
That is certainly one way to trade, I suspect a lot of people on here will disagree with it because they will argue that it's "impossible" to time entries close enough to areas that will make it possible to take an immediate miniscule loss if the market doesn't move in your favor. It does require very precise entries IMO.