Question -

How to control anger, when trend goes against your prediction?

2 Views
Walter Stevens
Answered 1 week, 4 days ago
<p id="isPasted">Plan (stop loss/profit target) your trade and trade that plan. Your stops and trade size should quantify the amount of risk (as a % of your account) you want to take for your trades (2-5 %). That way, you have already come to terms with whatever is the outcome for each trade.</p><p>If you are trading a system that is fairly well back tested, you will not need to second guess the system or the current market conditions and just go with the flow.</p>
1 View