714 September 21, 2017 14:22 SwingFish Traders Library you should know
or in other words, Greed Kills ! as the market will tell you where it will likely to go, not your Profits/Losses!!
why? if you enter late, your position size will be smaller, because you will need a wider stop point (not really a big thing, just the reward is smaller, and the time the trade is “red” may be longer, nothing that can kill us, and in the end ist money being made.
but if you exit too late (or greed makes you stay in the trade),
especially in smaller timeframes, that can have Fatal results.
664 September 20, 2017 01:51 Sam S Traders Library you should know
As widely taught by educators, financial analysts, and other traders, the easiest way to protect ourselves from losses is to use a Stop-Loss order.
A stop-loss order will close your trade at a specific price set by you to limit the loss in case the trade becomes invalid.Full Article
640 September 19, 2017 17:51 Sam S Traders Library you should know
Hedging occurs when a transaction is entered to reduce exposure to a prior trade turning against you and eliminating profits or increasing losses. Hedging is done to decrease the risks and hold a position until the markets begin to move in the original trade’s favored direction.
Just like finding entries, it is even more important finding exits.
It is especially important in the case a Day-trade turns into a swing trade.
Swing trades usually carry much smaller size because the stop-levels are much wider.
Using the same size on a much wider stop would massively increase the risk of the trade.