It’s important as a trader to always be studying and sharpening your skills. Here is a short video jammed packed with concepts from Linda Raschke that all traders can use in their trading plan.
Key concepts from the video:
- The fewer decisions that you can make during the trading day, the better off you will be.
- All exit strategies should be based of your initial entry.
- 75% of trades test out best by taking your profits quickly.
- Shorter the time frame, the less justification for trailing stops.
- Trend followers often pay up to ensure they get a position.
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