Exit Strategy

[hughsie]

This needs a thread on its own as I believe its so important.

There is a very VERY fine line between trading and gambling.

You HAVE to stick to an exit strategy. I make more now from Trading than I do anything else but I ALWAYS have an exit strategy. The best words of advice that I have had when it comes to trading is that you make your money when you MINIMISE your losses and NOT when you maximise your gains.

Folks, trading works but Please except the fact that you ARE going to lose - just accept the loss and move on (to the next gain)