If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple.
If you like this article, Larry’s also agreed to give you free access to his award winning book.
One thing that I see that catches traders up all the time is knowing their limits. There are times when it is probably wiser to step away from a trade or not trade at all.
Sometimes the best favor you can do for yourself is to take a break.
It doesn't matter who you are or what kind of trading you do. There are going to be times when you need to step back and take a break from things. This can happen after a bad trade, a big loss, and even after a really good performance. It can help you get things back into perspective. It also allows for an opportunity for you to review your trades, and learn from any mistakes or plans that you think cost you in the long run. Continue reading "Know Your Limits"
Join Susan and Jeremy today LIVE at 5:00 ET to learn the ins and outs of trading. Whether you're a beginner, or just want to refresh your already established skills, tonight's show is for you. It will include demonstrations regarding trading strategies and how to incorporate those strategies when trading Stocks, Forex, and Futures. It will also show you how to enter and exit a trade using MarketClub's "Trade Triangle" technology. Of course, you will have to tune in for the full, detailed lesson. You might even learn something new!
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