How to Get out form error trade without causing loss
In Market when your analysis Goes wrong many geos in to Panic , few take voluntary stops and few hedge with Options and try to save them self
the Question is do professional do errors ? The answer is very Much Yes , we do make mistakes , We do take wrong trades ,
Then the Question is what is the Professional response or approach for such errors ??
An Guided method , A method which has higher success ration , a Method which has Rules and Guidelines
You can view the chart explained here with
we made error in Judging the IOC and now we are in Negative MTM , tats ok , then we made deep analysis and found the error was with our own misunderstand
so now we have to get out without losing single penny , How do we do it ??
We use the same theory and cross verify with Market movements , we use the alternative counts and get the confirmation that we are
wrong , then the same theory will guide you what is coming next , and any Opportunity of pull back as per wave theory is point where we do exit
our holdings ,
I have made an visual representation ,
this was one of the biggest challenge with my students when they ware taking trade in early learning stages , Later with Maturity they took confidence in methods and guidelines of wave theory
here also i have received many Message asking when to get out , very recently One Person was asking about HAL and ISCE which he was stuck form IPO since 2018 , the answer is simple when you see the price visits the same level of your buy or sell take an exit
Hope this will help you to take decisions during errors or which you feel you have done errors
Good luck
the Question is do professional do errors ? The answer is very Much Yes , we do make mistakes , We do take wrong trades ,
Then the Question is what is the Professional response or approach for such errors ??
An Guided method , A method which has higher success ration , a Method which has Rules and Guidelines
You can view the chart explained here with
we made error in Judging the IOC and now we are in Negative MTM , tats ok , then we made deep analysis and found the error was with our own misunderstand
so now we have to get out without losing single penny , How do we do it ??
We use the same theory and cross verify with Market movements , we use the alternative counts and get the confirmation that we are
wrong , then the same theory will guide you what is coming next , and any Opportunity of pull back as per wave theory is point where we do exit
our holdings ,
I have made an visual representation ,
this was one of the biggest challenge with my students when they ware taking trade in early learning stages , Later with Maturity they took confidence in methods and guidelines of wave theory
here also i have received many Message asking when to get out , very recently One Person was asking about HAL and ISCE which he was stuck form IPO since 2018 , the answer is simple when you see the price visits the same level of your buy or sell take an exit
Hope this will help you to take decisions during errors or which you feel you have done errors
Good luck
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