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- W2482022166 abstract "The goal of the this chapter is to make the best thought out trades, one possibly could be done by taking some of the surprise out of the market by being prepared for any scenario. People with different indicators or strategies will look at different things to help them decide what they want to do. One has to really draw up the tightest scenarios to confirm what one wants from its trade. Markets are dynamic and change with the wind, so the target one had in mind two days ago may be totally irrelevant today, and one needs to make sure to have the proper scenarios of what it can do. By keeping abreast of the market changes one can be in a better position to lock in a profit, limit a loss, or see a new place to add to position to the trade. Nurture the trade and one will get a lot more out of it. Traders all have their things they look at when evaluating positions and there are many ways to come up with scenarios. It is important to draw up scenarios of everything that could happen, before and after the market hours and then a few times during the day as well. Keep an open mind and try to be able to look at the markets from all sides. Even if one trades the wrong opinion, he should know what the market can do and be prepared for it. The more one can imagine what it will do, the more likely one is able to reduce risk and capitalize on trades." @default.
- W2482022166 created "2016-08-23" @default.
- W2482022166 creator A5078734332 @default.
- W2482022166 date "2012-01-02" @default.
- W2482022166 modified "2023-09-27" @default.
- W2482022166 title "Drawing Up Scenarios" @default.
- W2482022166 doi "https://doi.org/10.1002/9781119197614.ch9" @default.
- W2482022166 hasPublicationYear "2012" @default.
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