I’ve had handful of my students arrived at me and ask me.. so Charles, how to fix my trading ? People who have been 3 years with this business but havent yet achieved being consistent on the market
The answer really depends as to what type of traders you might be, but the main are fear and greed.. I know… you might have read this many many times however its true, trading is basically learning “what you shouldn’t do”
I see many traders closing the entire trade when it gets 1:1 ratio, not taking trades due to fear or basically being greedy, thinking theyve have a runner and 2:1 isnt enough.
You will need to understand that nothing within this business is sure.. we don’t know.. we don’t see whether a stock is gonna run .20cents or 2 dollars, nobody knows. Hence the only thing we could do is being defensive, take something with the trade in order to make some money and letting the remainder ride. Letting the trade ride ? yeahh..but placing a stop at the entry, doing this we don’t have nothing vulnerable. If it keeps on going..awesome !! whether it doesn’t.. we are out with the money of our first partial.