Secret of Setting Exits in Trading
November 15, 2009
Whenever traders enter a trade, they must have 3 factors clear in their mind; where to get in, where to take profits, and where to cut and run if market turns against them.
The secret of exiting a trade for professionals is to plan their exits. Before entering a trade, professionals set their specific target and stop price levels. While beginners keep searching for entries.
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How to Place Stops using the SafeZone?
November 3, 2009
Where traders should put their stops? This is one of the hardest questions in technical analysis. Stops have to tight enough to protect capital and also have to distant enough to keep clear of meaningless swing.
If look at trading in engineering point of view, the concept of signal and noise in engineering can be applied to trading by considering the trend as the signal and the non-trending motion as the noise. To reject noise and allow the signals to come through, filters is designed in engineering. Therefore the stops in trading have to be designed to allow the trend come through and reject the countertrend motion.
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Recent Articles
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- Secret of Setting Exits in Trading
- How to Place Stops using the SafeZone?
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