2 Simple Trading Tweaks To Ease Your Mind

Trading success is in large

part dictated by how you

think and act

One extremely important

one is to have faith in your

trading system

You decide to wing it

Others are not

so fortunate

Treat trading as a

professional career

2 Things You Can Do

Entries are not the most

important part of a trading plan

"You make your

money in the exits".

Support/Resistance

The trade plan follows the

"trade the trend until it

bends" mantra

The good thing is that this

trader takes the loss as a

part of doing business

COMPLEX CORRECTION

1. On the short side, this trader was fully

involved in the loss as price blew right over the

entry price and through the stop price.

2. On the buy side, this trader ended up sitting

on the sidelines and missing the trade while

price screamed off to large 15 point rally.

The trader finally decided to alter

the trade plan and use stop

orders once price reached a

zone of opportunity.

It also prevents you from

seeing this quick loss

compounded by a 15

point move!

Larger stopSmaller position size

$500

$300

What is worse is when you

attach something significant

to a losing trade.

Van Tharp

R-Multiple

New Scene

What if your trading

account was larger?

$100,000

1%

$1000 = -1R

$500 = -.5R

Is it a small thing?

YES

Small consolidation often seen on slightly lower time frame.

Can often be inferred from candle shape on trading timeframe.

$750

5R

Trading is not just about

the method you trade

Lessen the risk if/when price

does move in your direction.

Counterpunch Traderwww.netpickscounterpunchtrader.com/

Options Masterywww.netpicks.com/optionsacademy/