Placing a Successful Trade

While there are several factors that make a trade successful, these components are essential with every trade you place:

  • Plan every trade ahead of time. This includes entries, targets, stop losses.
  • Avoid surprises by only trading during high-liquidity hours.
  • Watch for news releases and avoid unpredictable trading environments.
  • Assure your technical or fundamental analysis of the market is complete before placing orders.
  • Follow your trade process in it’s entirety, no exceptions. Without this consistence you will never improve and learn from your past mistakes.
By |2018-06-01T23:25:49-06:00May 29th, 2017|Categories: Trader Wisdom|0 Comments

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