Trader Radio

A New Way To Think About Stops - Ep 87

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Sinopsis

Roberto "Let's Try to Make Work Difficult" Booker Show Notes: What's the fastest way to solve a problem? Could it be ... not doing anything about the problem? What's the problem with stops? There are two types of traders. One type of trader uses a stop. The other does not. Usually, these two types of traders hate each other. Haha. Right? They argue. They fight. They seek followers to their particular brand of trading religion. I want to talk about a few ways to make each side correct. 1) If you don't want to use a stop-loss, then reduce your trade size. You will immediately find happiness and peace of mind. You will immediately start winning. You will immediately forget what it is like to be frustrated that you picked the right direction but you got stopped out before you could make any money. 2) If you want to use a stop-loss, then increase your trade size, and extend your profit target, and protect your profits. And scale into the trade, or scale out of the trade. One way to immediately improve your trading

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