Losing when a good trade goes bad
Al Brooks gave a follow up presentation with futures.io on the important topic of Losing this month. Al used slides from Video #54 of the new How to trade price action trading course. Here is the full webinar replay:
Video duration 1hr 13min.
Webinar topics
Webinar is about market risk (losing because of probability)
See December webinar about losing due to mistakes
- Experts keep losses small
- Need rules to avoid big losses
- 3 types of protection for every trade
- If stopped out and trend resumes, enter again
- No mental stops
- All trends eventually disappoint traders
- How to manage disappointment
- If premise changes, change trading style
- What to do when trapped
- Reasonable entries usually allow traders to exit without loss
Presentation date
- Date: Tuesday 21 February, 2017
- Time: 4:30pm Eastern Time USA (1:30pm PST)
Webinar slides
For your reference, here are slides used for the complete presentation:
Webinar slides: Losing when good trade goes bad PDF 0.70MB
