Patterns plus money management

Posted by Scriptaty | 8:30 PM

This approach allows you to set well defined stop and profit-taking levels based on a specific candlestick pattern. This makes it possible to use money management rules that keep the probabilities on your side from trade to trade, reducing the stress and emotion from trading.

Emotions can sabotage the best trading plan. By using consistent trade execution rules and following conservative money-management parameters, you increase your odds of long term survival and success.

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