Tips To Avoid Trading the Profit and Loss and Improve Your Trade Staying Time 👍 Video
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Trading your P&L. Tips To Avoid Trading The Profit and Loss. http://www.financial-spread-betting.com/strategies/strategies-tips.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Improve your trade staying time and boost your profits in the process! Trading your P&L Have you heard this phrase? First, P&L stands for Profit and Loss and by that traders mean their account balance and/or the unrealized profits of their trades. You are sitting there and you are making decisions based on your profit and loss on a trade. You are long and the market is going in your direction and all of a sudden you are up 300 pounds. You say, I would like to have 300 pounds profit on this trade so you close the trade. But looking at the chart you see that you had no real reason to close the trade as far as charting analysis goes - no level of resistance whatsoever. That is trading based on your PnL because you wouldn't have closed your trade if you weren't looking at your profits and losses. This works both ways although it works more on traders taking their profits too early based on their profit and loss. How do you combat that? Redoing.
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