What is ONE thing that can change your trading career upside down?
What is ONE thing that can change your trading career upside down?
Knowing What You Control
It is human nature to want to control everything we can in our life. But in reality, there are only very few things that you can control. Same is true for trading. When it comes to trading, there are only a few things over which you have control. In fact, there are only four things in trading that you can control.
Before you make the trade, you can control:
• Which stock to trade
• How much quantity of stock to trade
• Where you enter
After you make the trade, you can control:
• Where you exit