Do you enter trades with an "Exit Strategy" in mind? 🛡️ 🚫
... or do you go for "Hit or Miss"? 🎯 ❌
A core approach to all of my trades is:
Strategically placing my orders in such a way that allows me Time to re-assess the likeliness of my setup following through (usually, not long after orders are hit),
allowing for Neutral Exit 🛡️ 🚫 if I feel uncertainty, based on the latest price developments.
Typically, I'm looking for the "Reaction"💥 (sharp bounce, weak bounce, sluggish/hesitant price progression) upon hitting my orders,
which are placed at Support/Resistance levels that I am "90% sure" won't be "Instantly broken"
(at least sure that price should stall there enough for me to update my decision on that trade).
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.
A core approach to all of my trades is:
Strategically placing my orders in such a way that allows me Time to re-assess the likeliness of my setup following through (usually, not long after orders are hit),
allowing for Neutral Exit 🛡️ 🚫 if I feel uncertainty, based on the latest price developments.
Typically, I'm looking for the "Reaction"💥 (sharp bounce, weak bounce, sluggish/hesitant price progression) upon hitting my orders,
which are placed at Support/Resistance levels that I am "90% sure" won't be "Instantly broken"
(at least sure that price should stall there enough for me to update my decision on that trade).
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.
