Trend trading – A seven step approach to success : [PDF Download]

Summary:

Here on this page, we have provided option to read “Trend Trading – A Seven Step Approach to Success PDF” and please feel free to download PDF file for offline reading it from download link Given below to Your Computer/Mobile Storage. For more books from Same Author You can visit Wiley.com.

Trend Trading – A Seven Step Approach to Success- Download PDF Book:

“Some of these big-time losing trades may corne from stocks where prices gap dramatically below our stop loss point. There are early warning signs but they are too frequently ignored. Instead, when the stock price plummets many traders and investors go looking for excuses to stay with the trade because the size of the dollar loss was so large they found they could not act.

We all have a dollar point beyond which we freeze. In the diagram this point is $1,000. In bullish market conditions we expect a fairly high success rate with trades. We may move from an experienced trader to a skilled trader without ever fully realising our growing inability to act once the dollar loss grows beyond $1,000.

The clues are there, but we do not want to sec them. The clues include losing trades where the exit has been deferred. It includes one or two trading ‘mistakes’ where an exit was ignored because we felt we had placed our stops toO tight.

Inevitably there are times when we feel we are on top of the market so when the market does not behave as our trading plan has anticipated, we decide to hold onto the stock. One of the hidden reasons for this action may be because the dollar loss is greater than our tolerance level, even though it is within the 2% rule limits.

PDF Preview – Read, Think and Grow

REPORT THIS:
Our intention with this initiative is only to help needy people. If the PDF file download link is not working or this PDF Content is Copyright material and if you want to unpublish it, Please REPORT IT.