Hi Flack,
"the far right edge.
This is the point of engagement, the point that separates the traders from the wannabes."
The far right edge or decision point where you try to make your play based upon your perusing of the market tea leaves.
Thats where the trigger gets pulled and where the next stage in trading comes into play, risk management. Depending on the timeframe established for the specific trade scalp, daytrade, swing, or position the same criteria comes into effect just with some different parameters and loss limits.
When entering a position its always best to know what you intend to lose and cut that loss if the trade isn't working out as it can always be put on again. The markets have always been a great teacher of humility, so even if things don't go according to your plan, there is always another trade if you can protect your capital.
I have always traded from a fundamental standpoint bias in putting on long or short positions, but always look at the TA and charts to get the big picture.
You have to put in a lot of homework if you want to survive in this game and try and trade when things from both FA & TA are in agreement as much as possible with your own conclusions for a better winning percentage either long or short.
Good Trading to all,
dealmakr |
