Active trade management is a constant process of reassessing risk and opportunity.
Active trade management has ensured that these trade sequences always operated with a minimum of risk. And that maximum opportunity was taken despite a failure to achieve the second target.
The key points to take away:
- Two failed attempts to do something means you're probably wrong.
- If the market is doing something you don't expect, reduce risk!
- Never be afraid to scratch and reassess risk and opportunity, with a clear and objective mind.