Market Wizard and Legendary trader Linda Raschke discusses the steps you can take to become a better trader
Key Takeaways:
- The less amount of decisions you need to make during the trading day, the better off you are
- Position size must be predetermined in order to achieve consistency
- Exit strategy should be predetermined through profit targets, time targets and / or trailing stops.
- The shorter the time frame you are trading on, the lower the justification for using a trailing stop.
- Urgent market environments (breakaway trend moves) require the use of ‘at market’ or ‘stop’ orders to ensure orders are filled.
Check out the full video presentation below…
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