From this day forward, if one is in profits after entry, SET UP A TRAILING STOP. If you do not know how to setup a trailing stop, there are plenty of youtube videos on this subject. Some videos are made for specific exchanges.
If you were not in profits and buy in lat near the top before this began going down, SETUP A STOP LOSS to avoid serious loss. If your exchange does not have a Stop Loss as a feature for that exchange, you need to find another exchange. If your exchange does not have a TRAILING STOP as an option, I suggest finding another exchange.
NO TRADER IS CORRECT 100% OF THE TIME!!! No Trader.... I don't care who they are...
If we are going to be a professional, we have to act like a professional by implementing stops and trailing stops on every trade to keep losses small and gains large.
This video mainly focuses on indicators in short time frames. Another video to follow shortly...
If you were not in profits and buy in lat near the top before this began going down, SETUP A STOP LOSS to avoid serious loss. If your exchange does not have a Stop Loss as a feature for that exchange, you need to find another exchange. If your exchange does not have a TRAILING STOP as an option, I suggest finding another exchange.
NO TRADER IS CORRECT 100% OF THE TIME!!! No Trader.... I don't care who they are...
If we are going to be a professional, we have to act like a professional by implementing stops and trailing stops on every trade to keep losses small and gains large.
This video mainly focuses on indicators in short time frames. Another video to follow shortly...
