Swing Trading using the 4-hour chart
Part 3: Where Do I Put My Stop?
In the third part of the series on "Swing Trading using the 4-hour chart“, the Heikin Ashi Trader treats the question on where the stop should be. Once a trader stops introducing stops, he will discover that his hit rate will worsen. However, by doing this he gains full control of the trade management. Stops are therefore not unavoidable, but remain an integral part of a trading system that is profit-oriented.
Well understood stops are downright the actual instrument that makes profit possible. Since money is only earned when he exits the trade, the trader should try to perform the stop management with the utmost care. The formulation of crystal-clear rules, both for trend trades as well as for trades with a fixed target, after all, is the requirement to ensure that the trader is playing his own game.
Every successful trader has ultimately developed his own rules. No matter what the market does, this trader always plays his own game and can be swayed by anything. Precisely the persistence and consistency with which he operates in the market ensures that he becomes one day the "Master of the Game".
Table of Contents
1. Are Stops Necessary?Glossary
"synopsis" may belong to another edition of this title.
Heikin Ashi Trader is the pen name of a trader who has more than 15 years of experience in day trading futures and foreign exchange. He specializes in scalping and fast day trading. In addition to this, he has published multiple self-explanatory books on his trading activities. Popular topics are on: scalping, swing trading, money- and risk management.
"About this title" may belong to another edition of this title.
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Paperback. Condition: new. Paperback. Swing Trading using the 4-hour chartPart 3: Where Do I Put My Stop?In the third part of the series on "Swing Trading using the 4-hour chart", the Heikin Ashi Trader treats the question on where the stop should be. Once a trader introduces stops, he will discover that his hit rate will worsen. However, by doing this he gains full control of the trade management. Stops are therefore not unavoidable, but remain an integral part of a trading system that is profit-oriented. Well understood stops are downright the actual instrument that makes profit possible. Since money is only earned when he exits the trade, the trader should try to perform the stop management with the utmost care. The formulation of crystal-clear rules, both for trend trades as well as for trades with a fixed target, after all, is the requirement to ensure that the trader is playing his own game.Every successful trader has ultimately developed his own rules. No matter what the market does, this trader always plays his own game and can be swayed by anything. Precisely the persistence and consistency with which he operates in the market ensures that he becomes one day the "Master of the Game".Table of Contents1. Are Stops Necessary?2. What Is a Stop Loss Order?3. Stop Management4. Play Your Own Game5. Cut Your Losses6. And Let your Profits Run7. Stop Management in Trending Markets8. Stop Management with Price Targets9. The Swiss Franc Tsunami, a Healing Moment of the Trader Community10. How Many Positions Can I Keep at the Same Time?Glossary Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability. Seller Inventory # 9781537509112
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