Friday 24 August 2007

CONTROL YOUR STOP LOST

Remember those days that you beat yourself up when you moved your stop when you SHOULD HAVE NOT?
Moving STOP is a big NO NO in trading and yet many of us do that constantly. All successful trader DON'T move their stop. But for ordinary trader like many of us, doing this is hard, I often let my LOST RUN and CUT my PROFIT. what a discipline. ;-)

Ok. what we need now is some help to control this. If you happen to use Braket Trader http://www.bracket-trader.com/. This is one trick you can use.

Go under Preferences, uncheck "Widen Stop Button"

There you go. you've just disabled your ability to widen your stop. Cool isn't it.