In this week's market analysis, I talk about the importance of knowing when you're wrong.
Whenever you put on a trade, you have to know the point where you're wrong. But the question is, when?
This depends on your original trade idea. If your original trade idea is invalidated, you have no reason staying in a trade any longer. But if the trade idea is still working out, then you have every reason to hold onto the trade.
I explain this with Palladium and Soybean trade which I've traded recently.
Thanks for watching!
FOLLOW ME AT:
Facebook: https://www.facebook.com/groups/forextradingwithrayner
Twitter: http://www.twitter.com/rayner_teo
My YouTube channel: https://www.youtube.com/tradingwithrayner
Whenever you put on a trade, you have to know the point where you're wrong. But the question is, when?
This depends on your original trade idea. If your original trade idea is invalidated, you have no reason staying in a trade any longer. But if the trade idea is still working out, then you have every reason to hold onto the trade.
I explain this with Palladium and Soybean trade which I've traded recently.
Thanks for watching!
FOLLOW ME AT:
Facebook: https://www.facebook.com/groups/forextradingwithrayner
Twitter: http://www.twitter.com/rayner_teo
My YouTube channel: https://www.youtube.com/tradingwithrayner
No yehey entry
Very useful
Before listening to the lesson. I clicked the like button as soon as he said I was young……….lol and I love that he called me a girl……lol (^_^)!
Very valuable lesson.
The person who asked the "boys and girls" question should focus on trading…