treydongui
:
yeah I'm struggling with this because I want to experience everything to find but works the best for me whether it just be simple TA or fa or using a Fibonacci strategy or follow inside buys, hedge and institutional funds? where did you end up after going through all these choices?
OFFICER TRUTH
OPtreydongui
:
Trading rules. A basic plan for most is using a profit/loss ratio. Take profits at 5% and cut a loss at 2.5%. This way if you enter a position ad start losing right away, you aren’t relying on hope for the play to reverse. This makes having a good entry more important than a good exit.
treydongui : yeah I'm struggling with this because I want to experience everything to find but works the best for me whether it just be simple TA or fa or using a Fibonacci strategy or follow inside buys, hedge and institutional funds? where did you end up after going through all these choices?
OFFICER TRUTH OP treydongui : Trading rules. A basic plan for most is using a profit/loss ratio. Take profits at 5% and cut a loss at 2.5%. This way if you enter a position ad start losing right away, you aren’t relying on hope for the play to reverse. This makes having a good entry more important than a good exit.
treydongui OFFICER TRUTH OP : ah I see. I'm swinging for the fences way too often. thanks buddy. I appreciate that
effiebrocade : Agree