A very powerful question a trader can ask themselves when considering a trade is, ‘Would they like to do the opposite?’
If you are considering a long, ask yourself, “Would I like to go short instead?”
If you are considering a short trade ask yourself, “Would I like to go long instead?”
The answer you’re looking for to come straight to mind is, “Absolutely not.”
If you ask yourself this question and you find yourself thinking, “Well a long / short seems just as good”, than that may be an indication that the trade may not be a great one to take.
very small trader £1400 bank
use to be with markets.com but could not put a trade on at 2am as platform locked tradetabs out?
with i g.
very good strategies mystified on how you find reversals and levels, all the best.
d neal
neal720@yahoo.co.uk
Most brokers will not let you trade when there is no liquidity in the market, and at 2 am the liquidity can be non-existent. The new rules from FCA and ESMA mean the brokers have to do this.
Nice article Simon.
As always a great session – Learnt a lot and shall implement ✔
The entry requirements and SL placement are a must for all strategies, backtesting is also a given.
Wish i had the bank roll to go £40ppp on any trade.
Thanks again Guys.
Mitch
You really make it seem so easy with your presentation but I find this topic
to be really something that I think I would never understand.
It seems too complicated and extremely broad for me.
I’m looking forward for your next post, I will try to get the hang of it!
Do let us know if there is an area you’d specifically like us to cover.
Appreciate the recommendation. Let me try it out.