Sentences with phrase «strict trading style»
To avoid a catastrophe, forex traders usually implement a strict trading style that includes the use of stop orders and limit orders designed to control potential losses.
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My style is a simple one, I simply aim to capture a part of an already established trend by going Long stocks that are hitting 52 week highs and go Short stocks that are hitting 52 week lows with a strict risk management approach so as not to damage my account if I have a string of losing trades (which does happen with trend trading) and be able still to trade when the time comes to be in a stock that captures a big part of a trend.