Do you enter trades with an "Exit Strategy" in mind? 🛡️ 🚫
... or do you go for "Hit or Miss"? 🎯 ❌
[u]A core approach to all of my trades is:[/u]
[b]Strategically placing my orders in such a way that [u]allows me Time to re-assess[/u] the likeliness of my setup following through (usually, not long after orders are hit),[/b]
allowing for Neutral Exit 🛡️ 🚫 if I feel uncertainty, based on the latest price developments.
Typically, I'm looking for the "Reaction"💥 [i](sharp bounce, weak bounce, sluggish/hesitant price progression)[/i] upon hitting my orders,
which are placed at Support/Resistance levels that I am "90% sure" won't be "Instantly broken"
[i](at least sure that price should stall there enough for me to update my decision on that trade)[/i].
This is one of many techniques I use, that allows me to rarely take losses.
No one can know 100% of the time (in advance), the next major direction the market will take.
However, one can look attentively for "Clues" 💡, at likely reaction points in the markets, to gauge a "Confidence Level" of what price may do in the short-term.
[u]A core approach to all of my trades is:[/u]
[b]Strategically placing my orders in such a way that [u]allows me Time to re-assess[/u] the likeliness of my setup following through (usually, not long after orders are hit),[/b]
allowing for Neutral Exit 🛡️ 🚫 if I feel uncertainty, based on the latest price developments.
Typically, I'm looking for the "Reaction"💥 [i](sharp bounce, weak bounce, sluggish/hesitant price progression)[/i] upon hitting my orders,
which are placed at Support/Resistance levels that I am "90% sure" won't be "Instantly broken"
[i](at least sure that price should stall there enough for me to update my decision on that trade)[/i].
This is one of many techniques I use, that allows me to rarely take losses.
No one can know 100% of the time (in advance), the next major direction the market will take.
However, one can look attentively for "Clues" 💡, at likely reaction points in the markets, to gauge a "Confidence Level" of what price may do in the short-term.
