Losing When Good Trades Go Bad Flashcards

1
Q

Losing From Mistakes

A

Losing From Mistakes

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2
Q

Single most important rule when trading, rely on a protective stop while in the market

A

Single most important rule when trading, rely on a protective stop while in the market

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3
Q

a Trader Losing from BAD LUCK

A

a Trader Losing from BAD LUCK

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4
Q

I can AVOID BIG LOSSES by having RULES

A

I can AVOID BIG LOSSES by having RULES

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5
Q

3 Types of Protection I can use for EVERY Trade (Rules)

A

3 Types of Protection I can use for EVERY Trade (Rules)

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6
Q

MOST IMPORTANT RULE - NO MENTAL STOPS; ALWAYS HAVE A STOP IN THE MARKET

A

MOST IMPORTANT RULE - NO MENTAL STOPS; ALWAYS HAVE A STOP IN THE MARKET

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7
Q

Appropriate Stop - If WRONG GET OUT EARLY

A

Appropriate Stop - If WRONG GET OUT EARLY

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8
Q

Stopped Out I can Re - Enter if the TREND Resumes

A

Stopped Out I can Re - Enter if the TREND Resumes

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9
Q

End of Session I should get out of a Trade FASTER

A

End of Session I should get out of a Trade FASTER

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10
Q

If there is no reversal signal to get me out of a Trade, but I still need some sort of good signal to get out

If there is no reversal signal exit if strong opposite momentum

Once I believe my premise is wrong get out of my position do not rely on my stop

A

If there is no reversal signal to get me out of a Trade, but I still need some sort of good signal to get out

If there is no reversal signal exit if strong opposite momentum

Once I believe my premise is wrong get out of my position do not rely on my stop

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11
Q

Strong Trends EVENTUALLY have Disappointments

A

Strong Trends EVENTUALLY have Disappointments

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12
Q

BTC Trend ALWAYS has a Final Trend BAR

A

BTC Trend ALWAYS has a Final Trend BAR

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13
Q

Easiest Acceptable Management is to Just Rely on Stop as long as premise is still valid and stop has not been hit, a trader will hold onto his position

A

Easiest Acceptable Management is to Just Rely on Stop as long as premise is still valid and stop has not been hit, a trader will hold onto his position

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14
Q
A
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15
Q

Disappointment should signal me to exit a trade for a loss not to make profit

A

Disappointment should signal me to exit a trade for a loss not to make profit

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16
Q

Disappointed but no PB - GET OUT BREAKEVEN

A

Disappointed but no PB - GET OUT BREAKEVEN

17
Q

Possible Bad Trade, but Premise is STILL VALID, Rely on STOP

A

Possible Bad Trade, but Premise is STILL VALID, Rely on STOP

18
Q

If premise changes you have to change the style you are trading

A

If premise changes you have to change the style you are trading

19
Q

If the premise changes it is OK TO EXIT

A

If the premise changes it is OK TO EXIT

20
Q

Strong BO - 1st PB will be BOUGHT

When a Trader Believes Bull BO is Strong enough so that PB will be bought, he buys the Close of the BO Bar or the Follow-Through Bar

A

Strong BO - 1st PB will be BOUGHT

When a Trader Believes Bull BO is Strong enough so that PB will be bought, he buys the Close of the BO Bar or the Follow-Through Bar

21
Q

Deep PB - TR is likely so exit near the TOP

A

Deep PB - TR is likely so exit near the TOP

22
Q

: Deep PB - It is OK to Exit Breakeven

A

: Deep PB - It is OK to Exit Breakeven

23
Q

Buy above Bull Bar since the Scale In Bulls will Buy There

A

Buy above Bull Bar since the Scale In Bulls will Buy There

24
Q

Disappointing Follow - Through, watch the next 2 -3 Bars

A

Disappointing Follow - Through, watch the next 2 -3 Bars

25
Q

Disappointing Follow - Through, Scale In to Exit without a Loss

A

Disappointing Follow - Through, Scale In to Exit without a Loss

26
Q

Disappointing Follow - Through, the Bears Try to Exit Breakeven

A

Disappointing Follow - Through, the Bears Try to Exit Breakeven

27
Q

The Bears cannot get out Breakeven and the will Buy Higher

If you see STC Bears not able to get out once and then raise their limit order and unable to get out a 2nd time, they are going to just flat out give up and that usually creates a reversal(The Bears will get Trapped, look to go LONG)

A

The Bears cannot get out Breakeven and the will Buy Higher

If you see STC Bears not able to get out once and then raise their limit order and unable to get out a 2nd time, they are going to just flat out give up and that usually creates a reversal(The Bears will get Trapped, look to go LONG)

28
Q

If there is Trapped Traders then there is Fuel, ENERGY for the market to make a move

A

If there is Trapped Traders then there is Fuel, ENERGY for the market to make a move

29
Q

Trapped Bears have to chase the Market up and Take a LOSS

If you know you are wrong and the market is telling you that you are wrong, DO NOT WAIT FOR YOUR STOP TO GET HIT; Simply just get OUT

A

Trapped Bears have to chase the Market up and Take a LOSS

If you know you are wrong and the market is telling you that you are wrong, DO NOT WAIT FOR YOUR STOP TO GET HIT; Simply just get OUT

30
Q

Trapped Bears MUST EXIT

Bulls see the Bears are Trapped and they buy for a minor reversal up, betting bears will NOT SELL AGAIN for at least a couple of bars

A

Trapped Bears MUST EXIT

Bulls see the Bears are Trapped and they buy for a minor reversal up, betting bears will NOT SELL AGAIN for at least a couple of bars

31
Q

Reasonable Entries usually get Tested within 1 - 3 Bars

A

Reasonable Entries usually get Tested within 1 - 3 Bars

32
Q

Trapped Bears Expect a RALLY

A

Trapped Bears Expect a RALLY

33
Q

Reasonable Entries sometimes tested after 20 bars

A

Reasonable Entries sometimes tested after 20 bars

34
Q

Do Not Let Losses Grow; I can always Buy Again Later

A

Do Not Let Losses Grow; I can always Buy Again Later

35
Q

Strong Reversal, the Bears are Selling exactly where the Bulls are getting out

A

Strong Reversal, the Bears are Selling exactly where the Bulls are getting out

36
Q

Strong Reversal; exit early before my STOP is HIT

A

Strong Reversal; exit early before my STOP is HIT