Precision Trading Labs believes in always using use stops. Why? Because we always have a concrete reason to get into a trade. If that trade foundation is violated, then the reason for the trade is gone. At that point we've lost control of the trade and don't know what price will do. We're then left with hoping that price will reverse & start to go our way, meanwhile our loss grows and violates our trade plan. What leads to big losses is the inability to admit when we're wrong. Being able to accept taking a small loss is the start of becoming a trader & a sign of strength.
If there's something in the chart that might reverse a trade's course after it initially goes bad after your initial setup, then that should generally have been part of the plan to begin with. For you football fans, you want to avoid yelling "Omaha" and calling audibles like Peyton Manning used to do when you're trading.
Our attitude is "HOPE IS NOT A TACTIC." Some people say fixed stops are for suckers. We respectfully submit traders who trade without a net are looking to hope when things go awry and can't admit when they're wrong. That's the the enemy of trading for a living. YMMV. Safe trading.
After all, a tool is only as good as your ability to use it.
I have handed you some valuable information
Now let me show you how to use it.
You see, information is good… but ACTION is better.
After working with thousands of experienced traders and want-to-be traders, in all kinds of market conditions, over the past seven years, I have found that the best way I can help you get immediate and tangible results is with our Show Me The Money Call.
It’s where you hop on a live, 17 minute Zoom call with me where I will share my screen and take you through our exact process to determine and execute a winning trade right there on the live call, including the precise exit points of the trade.
No more guessing on your own whether something will work or not….
We do all the heavy lifting and provide you with the exact steps you’ll need to make so you can start seeing results immediately
You can choose to make this trade yourself, or make it in a simulated trading account, or just sit back and enjoy watching how we come out ahead of the game, day in, day out, week in, week out, year in, year out…
Book your Show Me The Money Call Here
See you there,