Dear MATI Trader,
Get in and get out in the shortest time possible. This is the science of successful trading. But what happens when a trade turns out to be more like a non-performing investment?
When you hold a long-term trade, there are a few issues that will follow including the:
You can find other higher probability trades, instead of having your money tied up aimlessly in a sluggish market.
You’ll eventually feel rather anxious and frustrated holding onto a long-term trade, when you are better off trading in a market that is moving.
With an ongoing trade, the breakout pattern may fizzle out into a low probability fake-out trade (a trade that turns against you).
I created a rule to avoid this situation from ever occurring again.
It’s called the Time Stop Loss.