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Friday, May 21, 2010

Pre Market Ideas

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Posted by kp12345 at 5/21/2010 08:40:00 AM

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As every good trader, You also receive your trading signal and then what?? You watch it go by, believing that if you hold a bit longer, price will continue the uptrend or will soon change from a loss into a profit. You could be right...or wrong. One thing is clear is that you are ignoring your trading signals, and that is never good. Plan the trade and trade the plan. If you set an exit price and the stock reaches it, then close out the trade either for a profit or loss. Taking a loss should be just as easy as taking a win. If it's not, then keep practicing until it is.

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