Trading Process and Strategy

Why Did I Take Partial Profits So Early?

Last week’s article led to a great question on twitter. Yeah, fair call. It does look ridiculously early. Here’s the trade we discussed in that article. Here was my reply: Let’s step through the entry and early trade management decisions. The vertical axis is a little compressed on the 1 minute chart so we’ll do…

Trader

How I Think on Trade Exit

  Context: The trade idea: The entry: Out: How I think on trade exit: All exits are temporary. Pause and reassess. Consider re-entry if the premise remains valid. Sometimes it takes two entries. Sometimes it takes three. There are no ways around this. In the uncertainty of market action it's unreasonable to expect that we…

Trading Process and Strategy

Apparently The Hanging Man Didn’t Make Any Difference

I'd like to share a great question received this week which highlights a number of recent topics that have been discussed via the newsletter or blog – the irrelevance of individual trades, the imperfection of ALL exit strategies, plus patterns vs context and the way price movement influences other traders' decision making. Question: I stumbled…