Friday, April 10, 2009

Never Change The Plan In The Middle Of Trading

It is a bad idea to change the trading plan in the middle of the trade. Stick to the initial trading plan no matter what happen; win or loss; Stick to your stop loss level, stick to your trading amount or contract size (never add losing position) and stick to the same time frame like 15 minutes chart, 30 minutes chart, 1 hour chart or daily chart etc.

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