[Weekly Recap|05/2017] Stops in USD, New Positions: Euraud, AUD/NZDusd, Cont. Indices’ – Gbpaud Trends

Different Ways to Place Stops to Stay in the Trend

In Trendtrading you always want to make sure to stay in the trend long enough, just not too long so that you give back too much of your profits.

If you misplace your stop you might end up losing more than you can handle emotionally and financially. We all have different personalities and a different psychological mindset that endure different types of pain, longevity and size of drawdown. Placing your stops according to your best liking is therefore a very important factor. If you misjudge how much you can handle, you might end up violating your trading rules. This whole topic is worth backtesting, with appropriate risk management techniques.

This 20-minute video provides an insight into shorter-term and longer-term stops to stay with a trend. There is no right way of exiting a trend, there is only your own way to do it.

Everybody needs an Investment Plan!

Why Trend Trading is a decent concept to manage your money/savings even if you’re not a trading/investing nerd. Everybody needs a plan, the market doesn’t just hand out profits for free. Not even if you’re a buy and holder willing to wait for 20 years.

Nick Radge on What to Expect from Trading

Nick has been trading since 1985 and is a professional trader, analyst and author. He worked on the trading floor of the Sydney Futures Exchange, worked for international banks in London, Sydney and Singapore. He regularly consults with financial planners and accountants and is a keynote speaker for ATAA, AIA, ASA, Traders Expo and SKY Business. He resides in Noosa with his wife Trish and 3 teenage children.

nickradge.com

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