Losing When Good Trades Go Bad

Question 1

Losing From Mistakes

Answer 1

Losing From Mistakes

Question 2

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

Answer 2

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

Question 3

a Trader Losing from BAD LUCK

Answer 3

a Trader Losing from BAD LUCK

Question 4

I can AVOID BIG LOSSES by having RULES

Answer 4

I can AVOID BIG LOSSES by having RULES

Question 5

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

Answer 5

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

Question 6

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

Answer 6

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

Question 7

Appropriate Stop - If WRONG GET OUT EARLY

Answer 7

Appropriate Stop - If WRONG GET OUT EARLY

Question 8

Stopped Out I can Re - Enter if the TREND Resumes

Answer 8

Stopped Out I can Re - Enter if the TREND Resumes

Question 9

End of Session I should get out of a Trade FASTER

Answer 9

End of Session I should get out of a Trade FASTER

Question 10

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

Answer 10

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

Question 11

Strong Trends EVENTUALLY have Disappointments

Answer 11

Strong Trends EVENTUALLY have Disappointments

Question 12

BTC Trend ALWAYS has a Final Trend BAR

Answer 12

BTC Trend ALWAYS has a Final Trend BAR

Question 13

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

Answer 13

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

Question 14

Answer 14

Question 15

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

Answer 15

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

Question 16

Disappointed but no PB - GET OUT BREAKEVEN

Answer 16

Disappointed but no PB - GET OUT BREAKEVEN

Question 17

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

Answer 17

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

Question 18

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

Answer 18

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

Question 19

If the premise changes it is OK TO EXIT

Answer 19

If the premise changes it is OK TO EXIT

Question 20

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

Answer 20

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

Question 21

Deep PB - TR is likely so exit near the TOP

Answer 21

Deep PB - TR is likely so exit near the TOP

Question 22

: Deep PB - It is OK to Exit Breakeven

Answer 22

: Deep PB - It is OK to Exit Breakeven

Question 23

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

Answer 23

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

Question 24

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

Answer 24

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

Question 25

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

Answer 25

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

Question 26

Disappointing Follow - Through, the Bears Try to Exit Breakeven

Answer 26

Disappointing Follow - Through, the Bears Try to Exit Breakeven

Question 27

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)

Answer 27

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)

Question 28

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

Answer 28

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

Question 29

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

Answer 29

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

Question 30

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

Answer 30

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

Question 31

Reasonable Entries usually get Tested within 1 - 3 Bars

Answer 31

Reasonable Entries usually get Tested within 1 - 3 Bars

Question 32

Trapped Bears Expect a RALLY

Answer 32

Trapped Bears Expect a RALLY

Question 33

Reasonable Entries sometimes tested after 20 bars

Answer 33

Reasonable Entries sometimes tested after 20 bars

Question 34

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

Answer 34

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

Question 35

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

Answer 35

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

Question 36

Strong Reversal; exit early before my STOP is HIT

Answer 36

Strong Reversal; exit early before my STOP is HIT