|
Exitright..
My advice (for what it's worth) is to read Bear's reply to Terrydean. Then read it again. Keep reading it till you could recite it in your sleep.
Then follow bear's instructions. Most of the basics for managing a position are right there in that one post. If the majority of new traders followed these simple rules, they would all make more money.
Don't worry too much about whether you are stopped out at the precise high or low, as conspiracy theories are used as an excuse by far too many traders imho. Just worry about two things;
a) Is my position based on a sound idea (fundamentals, tech picture, whatever you want).
b) Am I applying sound money management rules.
If you are confidently able to answer YES to both these questions every time you put a position on, you should make money in the long run.
My $0.02
GJ
|