Posted On: 10/29/2016 3:07:11 AM
Post# of 658
btw your week with a good strategy-plan-psychology (to me that is very important teh mind set many time is between making or losing) and money management another important piece of the trading puzzle
Money Management is considered the most important aspect when day trading.
If you do not implement a money management technique when trading, you will inevitably lose your money.
Your 2% stop loss is not meant to be hit! It is there to protect you from huge price moves. (use it mentally and move on with the stock like a trailing stop)
Attempt to close all your losing trades before the 2% stop loss is triggered if anything feels out of place. IMO Stops are not meant to be hit
always remember that what work for one it may not necessarily mean it work for others but it may need to change-adapt some shrewdness to your strategy....
if you would post we can talk of some starters to improve trading and profit
yes follow me by all mean but it is your mind that trade not mine.....
)
Money Management is considered the most important aspect when day trading.
If you do not implement a money management technique when trading, you will inevitably lose your money.
Your 2% stop loss is not meant to be hit! It is there to protect you from huge price moves. (use it mentally and move on with the stock like a trailing stop)
Attempt to close all your losing trades before the 2% stop loss is triggered if anything feels out of place. IMO Stops are not meant to be hit
always remember that what work for one it may not necessarily mean it work for others but it may need to change-adapt some shrewdness to your strategy....
if you would post we can talk of some starters to improve trading and profit
yes follow me by all mean but it is your mind that trade not mine.....
) 
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Don't be afraid to be outnumbered. Pigeons flock together. Eagle fly alone
Don't be afraid to be outnumbered. Pigeons flock together. Eagle fly alone
