Look at Beta When Placing Your Stops
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
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
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 […]