There is no trader who can sit down in front of a screen each morning without a trading plan and tip to look at charts for trading, and make money constantly. Traders who always perform well have a trading plan. Make sure that your trade plan has definite rules. Below are few trading tips that [...]
Tag Archives: trading rules
Stress due to trade exits
June 25, 2009 – 6:29 pm
Frequent exits due to stress occur when traders stop out at a stop loss level, close the trade into high volume spikes, or attain predefined targets. All trades should have a stop loss in place. Some traders hold a mental stop while others place physical stops. Traders stay with the market as long as a [...]
Time Based Trading Part 2
June 25, 2009 – 4:00 pm
All traders are on borrowed time not knowing that there is a disaster waiting to happen. Unless a right step is taken to prevent the impending disaster, the situation will be a disaster. The primary goal of trading should be to diffuse the bomb before it explodes causing damages especially in a time based trading. [...]
Time Based Trading Part 1
June 24, 2009 – 2:17 pm
Many traders find themselves in a recognizable minefield with enormous intraday losses. Out of desperation, they put on double, triple, and quadruple the normal size of efforts and time just looking for a miracle. The one word that injects fear into the heart of every trader is blowout. This is purely because traders speculate on [...]
Break the old trading rules
June 23, 2009 – 4:28 pm
‘Break the old trading rules’ does not imply or direct traders to push aside the old rules and ideas. It is only the old ideas that have not proven effective and prevented many traders from progressing towards a positive goal, these need to be shed. Few of the old rules and ideas are; The futures [...]
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