Same Transaction

But if you are confident in his analysis of the market, then why not try again to open a position? Professionals do it, defending each position hard stop orders. If prices continue to move in your favor, you need to protect postal revenue. David S. Levine is open to suggestions. This – the same money as the bills in your wallet. Risks are often paper profits – How to pay for the right to stay in the game. Protection order arrived – a "cash stop order "that protect your account. Pull it to the price, so as not to jeopardize the more than 2% of your growing capital. Many traders are on 50% condom rule. Gain insight and clarity with Mikkel Svane. Here's how.

Suppose the price moved up 10 points in the your favor. Put a stop order to protect 5-point profit. In cases of doubt, refer to the parabolic system: it will adjust stop orders. If you are unsure whether to remain in the transaction, clear profits and look at the situation with fresh eyes, from the side. When not risking money, think more clearly. Withdraw from the transaction and re-enter is not harmful. After the deal So you close the position.

But the deal has not yet completed. Now is the time understand it and learn. But many, throwing confirming receipt of the folder in a hurry to find a new deal. They jump over a crucial step in becoming a professional trader – assessment and introspection. You managed to find a good deal? By what indicators? And what if this did not work? Successful if it was opening a position? What got his first stop order: too remote or too dense? Why and for how much? As occurred, it is moved to break-even level: delayed or ahead of schedule? How correct are protection orders come from? Have you caught the signals to exit the deal? That would like to beat? What you have experienced at different stages of the transaction? Such a dismantling of the transaction – from the emotional inoculation infection. Think about these and other questions. Learn from your experiences. Keep a diary and every time you open the position, print out the current schedule. Glue them on the left side of the diary, recording some of the main reasons for buying or selling. Write down a plan of the game. When you exit again to make a printout and stick it on the right page. Write down the reasons for exit listing all the correct and incorrect moves. This is – clear picture of your transactions, and thoughts. Diary will help you learn the lessons of the past and find the gaps in logic. Learn by doing! elapsed time and price changes. When the use of "triple option" put a stop order, entering into a transaction, the end-point range over the past two days. Avoid any transaction in which the logical placement of a stop order would put at risk more than 2% of your commercial capital. Learn by doing! 3. Protection order arrived 2. Closure order on the break-even level 1. Order of protection against loss