Hi Mike,
I am a beginning stock trader.
As I have another job to support me during my learning curve, I cannot trade intraday and instead I focus on swing trades that can last a couple of days.
My problem is that during those couple of days, you can have all kind of news that can reverse the trend and make the trade fail.
What I am struggling with is when to change my initial plan and when to just leave the trade with its initial stop loss/target profit? ( I can amend a trade just after the open and a bit before the close)
BTW I loved you book! Before that I didn't know there was a difference between a prop trading firm and a hedge fund :-). And also, it's good to know what is the Read more [...]
Hi Mike,
I am a beginning stock trader.
As I have another job to support me during my learning curve, I cannot trade intraday and instead I focus on swing trades that can last a couple of days.
My problem is that during those couple of days, you can have all kind of news that can reverse the trend and make the trade fail.
What I am struggling with is when to change my initial plan and when to just leave the trade with its initial stop loss/target profit? ( I can amend a trade just after the open and a bit before the close)
BTW I loved you book! Before that I didn't know there was a difference between a prop trading firm and a hedge fund :-). And also, it's good to know what is the Read more [...]