Look at Beta When Placing Your Stops
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Traders often have a tough time in determining where to place their stops and Anne-Marie Baiynd discusses why she thinks it should be determined by stop-specific criteria. The answer is not that simple; it’s a little bit more convoluted because in the end it’s stock specific. If you have a stock that’s really noisy or it has […]
How to Know When to Get Out of a Bad Trade
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You’re in a trade and it’s not working. When do you admit you’re wrong? A lot of people struggle with admitting they’re wrong. When do you throw in the towel? It depends, says Anne-Marie Baiynd of TheTradingBook.com. I’m a very structured trader. So I trade what I see and not what I think, for the most part—except […]
Straightforward Rules for Consistently Successful Trades
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When we approach the market, we tend to look at technical analysis or fundamental analysis, and based on our assumptions about what we are reading, we’ll take a trade. But there’s a special series of questions that should occur before any trade we take: a series of questions that will deliver an edge, says Anne-Marie Baiynd of […]