Trading Process and Strategy

Stop and Reverse

I don't often reverse a position when stopped out. Usually the failure of a trade in one direction does NOT automatically mean that the opposite direction offers good opportunity. Most often when they do occur it's because I'm attempting a counter-trend trade and find myself caught in a trap. The stop and reverse allows me…

Trader

How I Maintain Focus

EMAIL QUESTION: My question is, "how does one stay focused while watching charts waiting for trade setups?" Lance, my mind wanders while staring at charts waiting for setups. If I could take to the bank the number of trades I missed while NOT paying attention to the charts, I would be making a healthy income….