Note: Stock trading requires a personalized trading strategy
*A method that specifies the type and amount of patience
*Entry and exit points
*Your customized psychology plan
*Risk management program based on your personality
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Trading Rules:
END TRADES WHEN IT IS CLEAR THAT THE TREND YOU ARE PROFITING FROM IS OVER:
You’ve thought about every trade you make and have created a trade plan. When the market has confirmed your idea about the stock you finally decided to take a position.
Now the most important thing is to be aware of all the changes that might make your trade plan worthless. Be prepared to sell your position when the market changes direction.
When the confirmation the stock earlier showed is no longer there, there is only one thing you can do and that is to close your position.
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