Up until now, you didn’t really know where to put your stops. You
didn’t know when to get out or to reverse. You might have had
some gut feeling for it, perhaps some support or resistance levels
on the chart, or perhaps a money management stop or a parabolic
being crossed, or maybe you just got a signal in the other direction,
but aside from reversing, these were and are vague.
What sense did it make to put your stop at the level every other
trader was watching? Where did that dollar limit or percentage of
capital limit on losses come from, truly? If you investigated. you
found that the foundations of these practices-if you could find
any-were weak. Nevertheless, the trading maxim was “Cut your
losses!” How to do it?....
Price: 5 USD
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