Saturday, January 18, 2014

Trading fear plan

Traders need to plan their trades properly before hitting the buy them, they should know three things:
1.Entry – The price and the reason for the entry (i.e. trend, supply zone, demand zone, overbought, etc.)
2.Target – Where you will exit prior to price turning against you
3.Stop – Where you will exit if the trade does not work out
So when traders think about it, they now have nothing to fear.  There is no reason the doubt the trade.  You know how much you will make if you are right in the trade and how much you will lose if you are wrong.  Since the only thing in your control is how much you will lose if you are wrong,so you need to stay focused through out the trade.
Trading fear