[EDU] 3 quick tips when to cut your losses short in trading
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
We all don't like or don't want to have a losing trade. But this is inevitable in trading, we have to face it. And, Letting your winning run and cutting your losers short has always been the mantra for profitable trading.
This is where I wanted to share 3 ways that you can go about doing this.
When market structure that you anticipated for the setup is violated.
So what it meant over here is that ,for example, you have a trade entered upon the crossover of a particular pair of EMA, e.g. 50 and 100. Once the crossover flips, you should look to exit the trade.
Or, when your pre-determined stop-loss is hit, and, you should never pull your stoploss. This is quite self-explanatory because the pulling of stoploss level can get you lucky a few times but making it a habit can have disastrous impact to your trading.
Thirdly, Negative price action. This happens when the price action has consistently moved against your trade, meaning to say that constantly you are in the red (losing money). This could be an indication for you to re-evaluate your setup and move on by cutting your losses small if need be. This is especially true if you have noticed that trades that you are in green often validate your entry almost immediately and have positive price actions.
Hope these pointers help you better evaluate the trades you are in and make the best decisions out of it!
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
Welcome and thanks for dropping by my post.
We all don't like or don't want to have a losing trade. But this is inevitable in trading, we have to face it. And, Letting your winning run and cutting your losers short has always been the mantra for profitable trading.
This is where I wanted to share 3 ways that you can go about doing this.
When market structure that you anticipated for the setup is violated.
So what it meant over here is that ,for example, you have a trade entered upon the crossover of a particular pair of EMA, e.g. 50 and 100. Once the crossover flips, you should look to exit the trade.
Or, when your pre-determined stop-loss is hit, and, you should never pull your stoploss. This is quite self-explanatory because the pulling of stoploss level can get you lucky a few times but making it a habit can have disastrous impact to your trading.
Thirdly, Negative price action. This happens when the price action has consistently moved against your trade, meaning to say that constantly you are in the red (losing money). This could be an indication for you to re-evaluate your setup and move on by cutting your losses small if need be. This is especially true if you have noticed that trades that you are in green often validate your entry almost immediately and have positive price actions.
Hope these pointers help you better evaluate the trades you are in and make the best decisions out of it!
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
If you like my analysis and would like to find out more, do join my FREE Community here:
🎉Link to my various Social presences = beacons.ai/stbb
🔥Whatsapp = chat.whatsapp.com/IU2rAibaThO2zybojZdI6j
💰Discord = discord.gg/A38mudmC
🎉Link to my various Social presences = beacons.ai/stbb
🔥Whatsapp = chat.whatsapp.com/IU2rAibaThO2zybojZdI6j
💰Discord = discord.gg/A38mudmC
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.