I definitely agree with #10 - DONT MOVE YOUR STOPS!! - If you're comfortable with your stop LEAVE IT!! - Every time I move a stop to Breakeven it costs me my position and I have to renenter the market.
Moving stops will cost you position and PROFIT!!
That's one of the best single pieces of Advice you will hear next to ONLY trading with the Trend and the 1% to 5% rule. Combine those 3 and you have the makings of a damn good system - Add the other 7 pieces of advice and you'll instantly be a better trader than the majority.
Moving stops will cost you position and PROFIT!!
That's one of the best single pieces of Advice you will hear next to ONLY trading with the Trend and the 1% to 5% rule. Combine those 3 and you have the makings of a damn good system - Add the other 7 pieces of advice and you'll instantly be a better trader than the majority.