Swing Trading using the 4-hour chart 3: Part 3: Where Do I Put My stop?

Ashi Trader, Heikin

ISBN 10: 153750911X / ISBN 13: 9781537509112

Published by CreateSpace Independent Publishing Platform, 2016

About this Item

Item in good condition. Textbooks may not include supplemental items i.e. CDs, access codes etc.

Seller Inventory # 00057540502

Bibliographic Details

• Title: Swing Trading using the 4-hour chart 3: Part 3: Where Do I Put My stop?
• Publisher: CreateSpace Independent Publishing Platform
• Publication Date: 2016
• Language: English
• ISBN 10: 153750911X
• ISBN 13: 9781537509112
• Binding: Soft cover
• Condition: Good

About this title

Synopsis

Swing Trading using the 4-hour chart

Part 3: Where Do I Put My Stop?

In the third part of the series on "Swing Trading using the 4-hour chart“, the Heikin Ashi Trader treats the question on where the stop should be. Once a trader introduces stops, he will discover that his hit rate will worsen. However, by doing this he gains full control of the trade management. Stops are therefore not unavoidable, but remain an integral part of a trading system that is profit-oriented.

Well understood stops are downright the actual instrument that makes profit possible. Since money is only earned when he exits the trade, the trader should try to perform the stop management with the utmost care. The formulation of crystal-clear rules, both for trend trades as well as for trades with a fixed target, after all, is the requirement to ensure that the trader is playing his own game.

Every successful trader has ultimately developed his own rules. No matter what the market does, this trader always plays his own game and can be swayed by anything. Precisely the persistence and consistency with which he operates in the market ensures that he becomes one day the "Master of the Game".

Table of Contents

1. Are Stops Necessary?
2. What Is a Stop Loss Order?
3. Stop Management
4. Play Your Own Game
5. Cut Your Losses
6. And Let your Profits Run
7. Stop Management in Trending Markets
8. Stop Management with Price Targets
9. The Swiss Franc Tsunami, a Healing Moment of the Trader Community
10. How Many Positions Can I Keep at the Same Time?
Glossary

About the Author

Heikin Ashi Trader is the pen name of a trader who has more than 15 years of experience in day trading futures and foreign exchange. He specializes in scalping and fast day trading. In addition to this, he has published multiple self-explanatory books on his trading activities. Popular topics are on: scalping, swing trading, money- and risk management.