Sunday, August 20, 2006

Secrets if Used Perfectly

OK, today lets look at the kind of approach that gets the pros the kind of money they earn.

Five Steps that Pros follow to Make the Most of their Trades

1) Do analysis take a position
2) Keep a smart stop loss. Stop loss triggered ? You're out of the position. The position goes in the direction you predicted ? Move to step 3
3) The market is communicating that you are right, in that case, add to the position.
4) Trail the position with smart stop losses.
5) Out of the position only when your stop gets you out.


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