Trader’s Educational Whiteboard
Today’s educational video lesson from Adam Hewison at INO is entitled “How to Avoid the Most Common Mistake Traders Make Everyday” which deals with determining and placing stops.
How many times have you – like me – placed a well-devised stop-loss on a trade and then had the market nip that price and hit your stop, only to rally?
In the lesson, Adam discusses:
1. Dollar Stops
2. Percentage Stops
3. Chart Stops
While you may be familiar with some of these strategies, it is helpful to learn a bit more on these topics and see how you might learn a new strategy.
Adam also explains why getting stopped out on a proper strategy must not be seen as a negative. Furthermore, he concisely explains a couple of ‘pros and cons’ of each strategy.
The video is free and lasts just under 8 minutes in duration.
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