Normal
Been there - done thatNew traders spend a lot of time researching, reading articles, books & searching the forums looking for the best trade entry, with little or no effort in structuring an exit plan or a trading plan in general. Finding entry conditions as I said previously is a dime-a-dozen exercise. Whether the entry is based on trend breakouts or pullbacks within a trend or trend continuations it doesn't matter. There are multitudes of reasons to enter a trade, knowing when to get out is the "most" important.Entries & ExitsTalking about just two parts of the strategy without even raising the idea of money management, position sizing or risk management is not doing justice to a system.ConfidenceA trading strategy that times the "entry & exit" with good money management, position sizing & risk management than you have a strategy you can trade within your trading plan.Time & SkillTrading "mechanically" solves both issues that beginners face. If you have a good strategy, (in your opinion) you'll trade it with confidence the main ingredient in this game. Skate.
Been there - done that
New traders spend a lot of time researching, reading articles, books & searching the forums looking for the best trade entry, with little or no effort in structuring an exit plan or a trading plan in general. Finding entry conditions as I said previously is a dime-a-dozen exercise. Whether the entry is based on trend breakouts or pullbacks within a trend or trend continuations it doesn't matter. There are multitudes of reasons to enter a trade, knowing when to get out is the "most" important.
Entries & Exits
Talking about just two parts of the strategy without even raising the idea of money management, position sizing or risk management is not doing justice to a system.
Confidence
A trading strategy that times the "entry & exit" with good money management, position sizing & risk management than you have a strategy you can trade within your trading plan.
Time & Skill
Trading "mechanically" solves both issues that beginners face. If you have a good strategy, (in your opinion) you'll trade it with confidence the main ingredient in this game.
Skate.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.