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Wingnuts
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Everything posted by Wingnuts
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Trade management is more art than science. Your comments about expecting a test of your stop are very enlightening, something I will try and get my poor scared mind to emulate. Also very interesting that your stop at only 1 tick beyond the previous bar's low/high has proved to be such a strong support/resistance area. Really looking forward to learning more on how you manage your trades, Phantom.
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Fantastic information presented here Phantom, really appreciate your generosity and persistence. However the focus so far has been on taking entries - but experienced traders know we only make money on the exits, and skill is required to deal with all the psychological and financial dramas that may occur on the journey from entry to exit! Can you please tell us more about your trade management and exit strategies? Not necessarily expecting codified rules here, but your general approach to (for example) scaling out, reducing risk, and spotting signs to take the money and run.