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!
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5 thoughts on “Do you know when you’re wrong?”
  1. Avataaar/Circle Created with python_avatars zen says:

    No yehey entry

  2. Avataaar/Circle Created with python_avatars CS Hemant Kothari says:

    Very useful

  3. Avataaar/Circle Created with python_avatars Traders Friend says:

    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 (^_^)!

  4. Avataaar/Circle Created with python_avatars Viktoras K says:

    Very valuable lesson.

  5. Avataaar/Circle Created with python_avatars Ashley Lemmer says:

    The person who asked the "boys and girls" question should focus on trading…

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