Never Marry A Trade!
(DIA)(SPY)(QQQ)(FB)(GLD)
Marriage Belongs in the Home NOT in Your Trading |
Coaches Corner Episode #15
- Strong unwavering conviction
- Lots of research
- Fulfilling set-up criteria
- Trade moves in your favor
- You are positive money
- All seems to be going the right way
- All criteria is still in play
- The trade reverses in the wrong direction
- It goes negative money
- Gets closer to the stop
- Beware of the trader and what’s REALLY happening?
- Reassess the positions criteria
- Determine if staying in is appropriate or you should exit and re-enter
- What caused the shift in direction
- Exit if it’s just not working
- Determine the “time” you usually stay in the trade
- Stick to your plan
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