|
|
|
Trading Gaps at Open by D este
|
|
|
Trading Gaps at Open |
|
|
|
Finance & Investment,Investment
|
|
As you get down the road of your path of education with the stock ot FX markets you will soon realize just how important this simple trading strategy is and why traders also need to understand our own mental pitfalls before we even begin to trade. Let’s assume that we now have a simple strategy in our trading notes which involves buying at Demand and selling at Supply. We are going to stay intent on using this method without question, meaning that every time a trade setup appears to the trader, we need to take it. The first trade comes up and we take it and it works. The result is we make money and we feel good. Trade number two comes up and we take it in alignment with our trading plan and again it works out and we make money. Trading the gapsTraders exiting a trade to early and not allowing a winner to run is a common problem. One of the things that you’ll want to do when you notice thisthought process is to note it in your trade log journal. Documenting the trade information helps you to uncover the mental triggers that are prompting the sell order. It wasn’t the price action’s threat of hitting our stop; which is an issue for many who move stops in an effort to avoid the loss; it was the movement of the price going in our favor that initiated the anxiety and fear that the profit would be lost if the price action suddenly reversed and then hit the stop loss. Just let it hit the stop loss and move on to another trade.
Related Articles -
stock, market, gaps,
|
Rate This Article |
|
|
|
Do you Agree or Disagree? Have a Comment? POST IT!
Reader Opinions |
|
|
|
|
|
|
|
|
Author Login |
|
|
Advertiser Login
ADVERTISE HERE NOW!
Limited Time $60 Offer!
90 Days-1.5 Million Views
|
|
TIM FAY
After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
|
|
|
|
|
LAURA JEEVES
At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
|
|
|
|
|
SUSAN FRIESEN
Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
|
|
|
|
|
STEPHEN BYE
Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
|
|
|
|
|
GENE MYERS
Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
|
|
|
|
|
SHALINI MITTAL
A postgraduate in Fashion Technology. Shalini is a writer at heart! Writing for her is an expression...more
|
|
|
|
|
ADRIAN JOELE
I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
|
|
|
|
|
ALEX BELSEY
I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
|
|
|
|
|
JAMES KENNY
James is a Research Enthusiast that focuses on the understanding of how things work and can be impro...more
|
|
|
|