http://www.thestockbandit.net/2006/07/17/fine-line/ Trading blog with trading insights, discussion on swing trading, day trading, and trading psychology. Wed, 20 Aug 2008 15:08:32 +0000 http://wordpress.org/?v=2.0.9 http://www.thestockbandit.net/2006/07/17/fine-line/#comment-3282 Thu, 07 Dec 2006 14:23:39 +0000 http://www.thestockbandit.net/2006/07/17/fine-line/#comment-3282 [...] (2) You have a defined exit plan. This goes for any trade, but it’s especially important if you’re thinking of loading up bigger than usual in a trade. Bigger trades mean bigger numbers, and that means bigger odds that you could get emotionally attached. Knowing your exit before you enter the trade will ensure that if your timing is off, you’ll be less likely to stick around and let the freight train run you over. Remember, the difference between conviction on a trade and respect for the market is a fine line. [...] […] (2) You have a defined exit plan. This goes for any trade, but it’s especially important if you’re thinking of loading up bigger than usual in a trade. Bigger trades mean bigger numbers, and that means bigger odds that you could get emotionally attached. Knowing your exit before you enter the trade will ensure that if your timing is off, you’ll be less likely to stick around and let the freight train run you over. Remember, the difference between conviction on a trade and respect for the market is a fine line. […]

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