WORDS TO TRADE BY

 

"End trades when it is clear that the trend you are profiting from is over.”

-Jesse Livermore

You've thought about every trade you want to make and have created a trading plan to make them happen. Once the market has confirmed your idea about your trade, it's time to dive in.

What's important is that you keep an eye on the current trend. If the market begins to go against your original trade plan, be ready to take action.

Once the information that confirmed your original buy-in no longer supports your trade plan, it's time to close your position. That will minimize losses and help you maintain a profitable account!

Comments

Popular posts from this blog

Wherever You are NOW is Your Decision