Stop Profit – Stop Loss
Cut your losses and run your profits is not a throwaway line it’s a simple fact of successful trading.
This author has yet to write their bio.Meanwhile lets just say that we are proud Richard Lie contributed a whooping 107 entries.
Cut your losses and run your profits is not a throwaway line it’s a simple fact of successful trading.
Recognising and simplifying the skill of handling trends and human behaviour is the key to success in trading.
Using a structured analysis process
is essential for several reasons. Our purpose is to help educate and guide members in that process.
Trading Rules, Systems, and Process are employed to help us detach from the many distracting outside influences and to help us generate consistent returns. Be Brave. It’s the cool head that makes the cool decisions.
Stocks wax and wane through waves of trends and corrections and from there a strategy will evolve and develop through all these stock swings over time, and only after a reasonable period, can we really judge the merit of the strategy.
The evolution of this trade plan format is based on what we already know. i.e. if a qualified trend in prices develops, we can follow it with the known expectation that it will continue for a period.
The forces are all around us proposing we follow various paths.
They bleat at us ceaselessly.
We need to be alert to the behaviour of investors, understanding the repetitive nature of their behaviour, can be a big advantage.
Stock Market Books That Have Helped Me
Each time you add a layer of complexity to you trading rules you dilute the power of your core objective playing out.