Is a Losing Position Eating up your Mental Capital?
A common mistake new traders make is being unwilling to set stops. Blinded by the thought of quick, easy money they are unwilling to think about the other side of a trade……..the loss. They enter the trade and see it quickly go green ...they can see how trading is...
Why Swing Trade??
Why Swing Trading: Swing trading gives the setups room and time to work with set risk. How many times do you look back at a setup you have traded and say…….”if I had only held it longer?” Most good setups need time to continue to play out. Maybe you work...
Trade Plan Step Four: Exiting the Trade
Today's video walks thru the final step, Exiting the trade: Identifying the setup Entering the trade Managing the trade Exiting the trade If you missed steps one, two, and three you can see them here: Step One: Identifying the Setup Step Two: Entering the Trade Step...
No Plan, No Trade
No Plan, No Trade The markets ready to open and you are ready to start trading, well really to make all that money that traders make…...right? The market opens and green and red flash on your screen. You see the top names in the % gainers list and XYZ is...
Trade Plan Step Three: Managing the Trade
We are doing a four step series on developing a strong trade plan over the next few weeks. We will be covering these four steps: Identifying the setup Entering the trade Managing the trade Exiting the trade This week we are looking at step three, Managing the...
