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doriann4590_BOWS
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doriann4590_BOWS
December 23, 2015
Yea i try to risk only around 20-30 cents per trade. It always helps to hear the rules over and over again so thanks for being just one more reminder! That is somehthing that helped me out alot too (having clear stop and exit). More so having a clear stop. If I know how much i would lose, then I typically do try to make sure I atleast double my potential loss, but like i said on the other ones, my family was rushing me to leave so I had to exit haha. Thanks for the comments!
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Again, reason to exit? This is one area that REALLY helped my trading. I assume you entered here with a stop over the VWAP (52.83) which means you risked about .30 cents. If true, your target had to be at least 60 cents away for it to be a valid trade. Previous low was @80 cents away so it was good trade if you'd have allowed it to do it's thing. Knowing ahead of the trade where I would exit and for what scenarios took virtually all the stress out of my trade management.
I'm aware you know all this because you took the same class I did ;) But maybe hearing it again helps?