How to Minimize Your Trading Losses

Who Else Wants To Know How To Minimize Your Trading Losses?

Ask yourself this question...

How many times have you held a position too long?

Everyone has at some point in their trading career. Over the years I have learned that it's much easier to take a small loss than a big one and the important thing to remember is that every big loss started out as a small trade loss. The art of placing initial stops is to catch a loss while it remains small. It only gets harder as the loss gets bigger and your ego gets more and more squashed into the ground.

The initial stop is a predefined point at which we exit a position, should the trade not go in your favour. When we enter a position, we don't know at what point in the trend we are. We might be entering just before the trend changes. Who knows? Accordingly, we need to set an exit point. It's like drawing a line in the sand underneath the price and saying, if the price falls below this line, then the stock hasn't done what we thought it was going to do, therefore we'll exit the position.
Would you like to know my most profitable stop loss method? Be sure to review my new course, Trading Secrets Revealed.

Here's How To Discover My Best Money Management Secrets...

Click here to find out more.