Order Entry Error – Immediate Actions
The plan was simple – a quick scalp short into the next support level about 10 ticks away (or maybe further if the level showed signs of breaking). But trading does not always go according to plan!
My Post-It Note Trading Plan
“Simplicity is the ultimate sophistication.”…Leonardo da Vinci How detailed should your trading plan be? There is of course no right answer apart from whatever works best for you. Some people need detail – lots of it. Others will never need more than a single page, with anything longer simply gathering electronic dust as it sits…
The Need for Trading Rules
Question: Hi Lance, I read from another resource that in order to detach your emotion in every trade you need to have a set of written specific rules about your entry, your position size, your exit and any other possibility that might happen in that trade and you need to follow it with “marine discipline”…