October 2012
Beginner
240 pages
5h 7m
English
Content preview from Financial Times Guide to Technical Analysis, The
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18
Practise stop loss
What are the objectives?
- After learning and practising the ‘cut loss early’ habit with discipline, new traders are well on their way to becoming professional traders. The disciplined act of cutting losses early is the qualifying mark of becoming a professional trader because profit amounts will exceed the small losses in big trend movements. In summary, trading is all about cutting losses early, so the losses are small.
- It is necessary to control and keep losses small enough for when a big profit finally comes. When the big trend profit comes, it should exceed the total amount of the small losses. Only then will your net trading experience be positive.
What topics are covered in this chapter?
Putting your good-till-cancel ...
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