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Keywords
I've just been reminded by a "private message" that some of my ideas have made a difference. The (GTFO) exit has saved my bacon "big time" on two occasions so far. The (GTFO) is a worthy tool in my trading toolbox. After reading the "pm" I thought I would take a short break & make a post. (carrying on with the "theme" of trading in tough times)

Trading in an uptrend
As traders, we have all experienced the joy of trading in an uptrend. Trend trading seemed to work well when the markets are trending up, but not so good in a downtrend. Trading during a prolonged downtrend has the ability to play with your emotions allowing frustration to set in.

A good strategy takes time to develop
Those new to trading are very concerned about finding a strategy that works quickly while at the same time quickly dismiss a good strategy that refuses to display early gains. When I post the weekly trading results of the "Sphere Strategy" please keep this in mind.

The perfect entry
As traders, we all want to hit the entry as close to the turning point of a trend as possible but it’s near impossible to achieve. A few simple trend indicators are all you need to enter a trade. Entries during an uptrend is a no-brainer - it's like a comparison of a monkey throwing dart achieves the same or better result.

Exits
When it comes to the exit - there is no such thing as the perfect one. Exits need to work with your risk level (tolerance) & style of trading. Also, I would like to say having a (GTFO) compliments all exits strategies. When developing a strategy (IMHO) don't try to maximize everything. (Don't even try). Sometimes "Good enough is Good enough".

Skate.

<blockquote data-quote="Skate" data-source="post: 1116531" data-attributes="member: 57364">KeywordsI&#039;ve just been reminded by a &quot;private message&quot; that some of my ideas have made a difference. The (GTFO) exit has saved my bacon &quot;big time&quot; on two occasions so far. The (GTFO) is a worthy tool in my trading toolbox. After reading the &quot;pm&quot; I thought I would take a short break &amp; make a post. (carrying on with the &quot;theme&quot; of trading in tough times)Trading in an uptrendAs traders, we have all experienced the joy of trading in an uptrend. Trend trading seemed to work well when the markets are trending up, but not so good in a downtrend. Trading during a prolonged downtrend has the ability to play with your emotions allowing frustration to set in.A good strategy takes time to developThose new to trading are very concerned about finding a strategy that works quickly while at the same time quickly dismiss a good strategy that refuses to display early gains. When I post the weekly trading results of the &quot;Sphere Strategy&quot; please keep this in mind.The perfect entryAs traders, we all want to hit the entry as close to the turning point of a trend as possible but it’s near impossible to achieve. A few simple trend indicators are all you need to enter a trade. Entries during an uptrend is a no-brainer - it&#039;s like a comparison of a monkey throwing dart achieves the same or better result. ExitsWhen it comes to the exit - there is no such thing as the perfect one. Exits need to work with your risk level (tolerance) &amp; style of trading. Also, I would like to say having a (GTFO) compliments all exits strategies. When developing a strategy (IMHO) don&#039;t try to maximize everything. (Don&#039;t even try). Sometimes &quot;Good enough is Good enough&quot;.Skate.</blockquote>

[QUOTE="Skate, post: 1116531, member: 57364"] [B]Keywords[/B] I've just been reminded by a "private message" that some of my ideas have made a difference. The (GTFO) exit has saved my bacon "big time" on two occasions so far. The (GTFO) is a worthy tool in my trading toolbox. After reading the "pm" I thought I would take a short break & make a post. (carrying on with the "theme" of trading in tough times) [B]Trading in an uptrend[/B] As traders, we have all experienced the joy of trading in an uptrend. Trend trading seemed to work well when the markets are trending up, but not so good in a downtrend. Trading during a prolonged downtrend has the ability to play with your emotions allowing frustration to set in. [B]A good strategy takes time to develop[/B] Those new to trading are very concerned about finding a strategy that works quickly while at the same time quickly dismiss a good strategy that refuses to display early gains. When I post the weekly trading results of the "Sphere Strategy" please keep this in mind. [B]The perfect entry[/B] As traders, we all want to hit the entry as close to the turning point of a trend as possible but it’s near impossible to achieve. A few simple trend indicators are all you need to enter a trade. Entries during an uptrend is a no-brainer - it's like a comparison of a monkey throwing dart achieves the same or better result. [B]Exits[/B] When it comes to the exit - there is no such thing as the perfect one. Exits need to work with your risk level (tolerance) & style of trading. Also, I would like to say having a (GTFO) compliments all exits strategies. When developing a strategy (IMHO) don't try to maximize everything. (Don't even try). Sometimes "Good enough is Good enough". Skate. [/QUOTE]

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