Stocks for Breakfast | Trade Management

Stocks for Breakfast | Trade Management

When I first started trading my biggest problem was losing. Once you get slapped around a little and see your account start to dwindle, you begin to get a healthy respect for risk.

But after you get a handle on risk and taking losses, you have a new problem - maximizing your winners.

What most traders never understand is that it's tough to be both a momentum trader and a position trader. Your trading strategy should tell you exactly what to look for in a profitable trade.

Once you decide, trading becomes less stressful because you know exactly how your trading business makes money.

Today's trading lesson shows you how to manage your trades in the context of your profit taking strategy.

Pete

Pete Renzulli
 

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