Sunday, 23 August 2009

Exit Points

Exiting your trade is as vitally important as entering a trade. This may sound blindingly obvious because basically it is. A trade consists of entry and exit, nothing else, so they're both vitally important.

Never sit and hesitate too much on a trade, the more you hesitate, the more confidence you're draining from yourself. (I'm not sure that makes any sense whatsoever, but I thought I'd mention confidence again as it's so important). If you really have to hesitate do it standing ... or better still kneel down and pray. Remember, it's better to get out of your position and start again. This piece of advice is invaluable! (maybe not to you, but certainly to someone).

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