Watch this video and learn that you must have
an exact trading plan.
You follow
an exact trading plan with all the appropriate trading rules.
Successful traders know they must follow
an exact trading plan and probably more importantly they have the proper psychological makeup.
Not exact matches
Following an
exact plan with knowing exactly what to buy or sell... how much to buy or sell... as well as when to exit with a loss or profit is the key of successful
trading.
You need at least one or two months of demo
trading the
exact same strategy or system you are
planning on
trading live with, if you don't do this you're a fool.
With the algorithmic
trading methods you will have an
exact plan -LSB-...]
With the algorithmic
trading methods you will have an
exact plan on what exactly to try to short in a bear market.
If possible will you post your previous
trading plan to get an
exact idea
Exiting is not an
exact science, and there are times when deviating from your initial exit
plan makes sense, but you should always decide before you enter a
trade what your ideal exit strategy is and then try to stick to that
plan as much as possible.
Solution: The lesson here is to either stick to the
exact original
plan and let the
trade run its course completely, OR if you're up a nice profit and you see real and logical reasons to exit (like I did), simply exit the
trade.
If you're investing outside of an employer - sponsored retirement
plan, The Simple Money Portfolio is designed to give you the
exact mutual funds and exchange
traded funds to purchase, a task that is made simplest and the least expensive by utilizing a low - cost brokerage option, like Schwab, Fidelity or TD Ameritrade.
Trading the markets are not the place for excitement rather to be
traded with an
exact plan.