It’s a way to control your losses when things don’t go the way you’ve planned them. It traces back to the foundation of any good trading plan: Exit a losing position before things can get worse. Well, first and foremost, let’s look at the origin of cutting your losses.
What Is the Meaning of “Cut Your Losses Quickly”?Ī lot of people ask me, “Tim, what does it mean to cut stock losses? How do you know when to exit a trade?”īoth questions are very important and point back to my number-one rule in stock trading … 2.6 #6 Master Your Chart-Pattern Knowledge.2.4 #4 Don’t Let a Small Mistake Turning Into a Big Disaster.
#Keep trade cut how to
2 Key Tips on How to Cut Your Losses Quickly.1.1 Why ‘Cut Your Losses Quickly’ Is My First Rule.1 What Is the Meaning of “Cut Your Losses Quickly”?.I want you to know that this video is MANDATORY for all of my Trading Challenge students, so make sure you watch it and read the rest of this post for tips that can help you build the foundation of your trading career.Īlso, for all my awesome, hearing-impaired Trading Challenge students, you’ll find everything below in the written post, so follow along with me … If you don’t know how to do it, just ONE mistake could seriously damage your confidence - not to mention the balance of your trading account.Īnd since every trade won’t be a winner, you need to be prepared for this right from the start.įor that reason, I prepared this post and the video below: to show you exactly how I cut losses on my trades and show you some examples.Īfter 20+ years trading stocks, I’ve found this is truly one of the most important things you need to know about trading, so I hope you can learn from me here. It’s a really big deal: learning to cut your losses quickly.
I’m addressing a major topic today, gang …
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