When an edge appears, it's not about whether it will work, but how you'll manage the risk and seize

When an edge appears, it's not about whether it will work, but how you'll manage the risk and seize the opportunity.

Develop a solid plan with appropriate stops and profit-taking strategies to maximize your trading success. 🎯

#riskmanagement #trading #success #edge #profit #strategy #markdouglas

fundamentalstreet

2024-04-29 03:24:28

professional trader when his edge appears he doesn't think about whether the edge is gonna work or not

but what it does think about is how much is it going to cost them to find out if the trades are going to work in other words the assesses the risk

puts the appropriate stops in the market and develops a plan for how he's going to take his profits if the market if the trade goes into sleep

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