: Don't fight with every stop loss on the way.....just the one or two strategic ones....Self talk
: lemme explain what i meant by this amusing off-the-cuff remark.......which i consider not unimportant...
: first....i said it primarily for positional trades pov
: lemme explain this with an example...
: as per my existing method, bearish (positional) trade was signalled around 8600spot....
: i have experienced that the biggest danger to a positional trade is at the start....
: there is, generally, a danger of back to back trend reversal signals.......there is a real danger of the trend trigger turning out to be a false one...a hoax.....
: but, in most of the (non ranging) times, this signal (or set of signals) have turned out to be right....
: assuming that the signal was right and the market, after a little bit of tantrum falls 75-100 points thereby ensuring that the trend is here for real.....you and your trade is out of danger.....
: assume that by now the market has slipped from 8600 to 8525approx (say)....
: since at every level of the market there is a practical/strategic stoploss, like there was at 8600 level, so there must also be a practical/strategic stoploss near 8525 also to defend the bearish trade which has already been confirmed as started...
: now this 8525 level stoploss will also demand a dog fight / dodge fight.....just like the 8600level or any other.....
: all i mean is that this 8525 level stoploss, though equally challenging and stressful and threatening, is not as scary as the one at the start of the trend....
: ur trade is already 75 points in the green and u can afford some inadvertent inaccuracy or hard luck in setting the trade stoploss......
: once a trend is confirmed green and well into the green, the pressure and anxiety in the cpu of the trader is and should be drastically down....he should relax and be more courageous....
: That's why I said "Don't fight with every stop loss on the way.....just the one or two strategic ones...."
: lemme explain what i meant by this amusing off-the-cuff remark.......which i consider not unimportant...
: first....i said it primarily for positional trades pov
: lemme explain this with an example...
: as per my existing method, bearish (positional) trade was signalled around 8600spot....
: i have experienced that the biggest danger to a positional trade is at the start....
: there is, generally, a danger of back to back trend reversal signals.......there is a real danger of the trend trigger turning out to be a false one...a hoax.....
: but, in most of the (non ranging) times, this signal (or set of signals) have turned out to be right....
: assuming that the signal was right and the market, after a little bit of tantrum falls 75-100 points thereby ensuring that the trend is here for real.....you and your trade is out of danger.....
: assume that by now the market has slipped from 8600 to 8525approx (say)....
: since at every level of the market there is a practical/strategic stoploss, like there was at 8600 level, so there must also be a practical/strategic stoploss near 8525 also to defend the bearish trade which has already been confirmed as started...
: now this 8525 level stoploss will also demand a dog fight / dodge fight.....just like the 8600level or any other.....
: all i mean is that this 8525 level stoploss, though equally challenging and stressful and threatening, is not as scary as the one at the start of the trend....
: ur trade is already 75 points in the green and u can afford some inadvertent inaccuracy or hard luck in setting the trade stoploss......
: once a trend is confirmed green and well into the green, the pressure and anxiety in the cpu of the trader is and should be drastically down....he should relax and be more courageous....
: That's why I said "Don't fight with every stop loss on the way.....just the one or two strategic ones...."
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