Using Charts to Discipline Your Trading
Duration: 63.07

Trading ultimately comes down to decision making and quite often how those decisions are made determines the ultimate result. All too often traders respond to their emotions in deciding when to enter, adjust, and exit trades. Those emotions, though powerful, can lead to bad decision making. My years of trading and teaching trading have led me to conclude that discipline is an essential ingredient of successful trading but that many traders and investors could use a little help in learning ways they can discipline their trading. In this program I'll demonstrate some of the simple ways I strive to discipline my own trading using the powerful elements of TC2000.com. We'll take a look at some simple but effective ways to find entries, establish exit strategies, and generally manage trades including the sometimes difficult process of moving stops.
What You'll Learn:
- The crucial importance of an effective exit strategy in trading success
- How to develop and implement money management and position sizing that works
- What is involved in a trading plan and how to utilize one routinely
- The role of charts in effectively handling up, down or sideways market
- Which indicators can simply and easily be used to create entry and exit signals
- How to adequately calculate reward to risk ratio for each trade with measured moves
- How to use sorting and scanning to limit WatchLists to tradable setups