Losing When Good Trades Go Bad Flashcards
Losing From Mistakes
Losing From Mistakes
Single most important rule when trading, rely on a protective stop while in the market
Single most important rule when trading, rely on a protective stop while in the market
a Trader Losing from BAD LUCK
a Trader Losing from BAD LUCK
I can AVOID BIG LOSSES by having RULES
I can AVOID BIG LOSSES by having RULES
3 Types of Protection I can use for EVERY Trade (Rules)
3 Types of Protection I can use for EVERY Trade (Rules)
MOST IMPORTANT RULE - NO MENTAL STOPS; ALWAYS HAVE A STOP IN THE MARKET
MOST IMPORTANT RULE - NO MENTAL STOPS; ALWAYS HAVE A STOP IN THE MARKET
Appropriate Stop - If WRONG GET OUT EARLY
Appropriate Stop - If WRONG GET OUT EARLY
Stopped Out I can Re - Enter if the TREND Resumes
Stopped Out I can Re - Enter if the TREND Resumes
End of Session I should get out of a Trade FASTER
End of Session I should get out of a Trade FASTER
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
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
Strong Trends EVENTUALLY have Disappointments
Strong Trends EVENTUALLY have Disappointments
BTC Trend ALWAYS has a Final Trend BAR
BTC Trend ALWAYS has a Final Trend BAR
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
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
Disappointment should signal me to exit a trade for a loss not to make profit
Disappointment should signal me to exit a trade for a loss not to make profit