Discipline to set stops

Many traders have the discipline to set stops and stick with them, but make the critical mistake of determining the stop points as pain thresholds rather than price levels that disprove their original trade premise. When they get stopped out, they still believe the original trade idea was correct. As a result, there will be a strong temptation to get back into the trade, leading to multiple losses on the same idea. – Jack Schwager


Igor Marinkovic

Electronic engineer, futures trader and property investor and total beginner in making good web sites

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