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Pivot Points for Risk Management
Managing risk is a concept all traders need to come to grips with when creating an active trading plan. This is especially important when trading a scalping or day trading based strategy. Market conditions can change rapidly, and when the market is moving against you, it is better to already have a plan to exit losing positions. This way you know exactly when and at what price you wish to close your trades before the market gets to that point. Today we will continue our look at camarilla pivots by learning how to manage risk in both range and breakout price reversal scenarios. Let’s get started! For traders ... (full story)