Quite simple really. What are you expecting to happen? If that doesn't happen what are you going to do?Strategy on How to set targets, set a sell point
Quite simple really. What are you expecting to happen? If that doesn't happen what are you going to do?Strategy on How to set targets, set a sell point
yupp like deddog said, Its hard to shift from a long term mindset to a couple minutes or days mindset with a stock
Starting days will be tough but, i suggest you to learn off a good mentor and watch a couple of videos and read books.
once your psychology is strong you can boost the trading journey
%%Murray, not sure what this means. You held it for a 66% drawdown in the past?
I wouldn't hold anything for a 66% drawdown
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This is true. Hard transition from investor to trader. I totally agree with deaddog's advice.It's tough to go from investor to trader. Different mindset. It's really easy to turn a trade into an investment when it goes against you.
I would suggest a written trading plan and then measure your success not by the dollars made or lost but by whether you followed your plan.
Small losses won't take you out of the game. Letting small losses turn into big losses ties up your capital.
As for where to put your stops, that should be determined before you enter the trade.
%%Strategy on How to set targets, set a sell point

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