Technical Analysis Trading Methods and Techniques (Collection)

Chapter 12. Setting Stops

I have often heard that you know you are fluent in a language when you dream in that dialect. This makes a great deal of sense. After all, when something becomes so ingrained in your psyche, you no longer have to even think about that action; you just do it. This is true with both innate physical reactions, such as when my newborn child squints at a bright light or jumps at a loud noise, and with learned habits, such as buckling your seat belt when you enter an automobile. Many of our habitual learned activities are those that help us remain safe. This is no different from trading when it comes to setting stops. Just like when you buckle your seat belt or look both ways before crossing the street, stops must become ...