Module 8 - Active Trade Management
Trading order flow gives you the ability to actively manage a trade once you are in. One of the reasons many traders fail to make money over time is they live by an all or nothing mentality, meaning
they are going to let the trade either go to their take profit or to their stop.
This runs contrary to the most important rule of trading which is cut your losses short and let your winners run. How are you going to cut your losses short if you don't manage your trade. Letting it either stop you out or hit your target is not actively managing your trade.
In this module, I take you through reading the order flow to get out of trades early for a small loss or break-even when you are not getting paid. Also you will learn how to read the order flow to ride trades longer.
they are going to let the trade either go to their take profit or to their stop.
This runs contrary to the most important rule of trading which is cut your losses short and let your winners run. How are you going to cut your losses short if you don't manage your trade. Letting it either stop you out or hit your target is not actively managing your trade.
In this module, I take you through reading the order flow to get out of trades early for a small loss or break-even when you are not getting paid. Also you will learn how to read the order flow to ride trades longer.
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