Prevent problems before they happen.

Source: Internet
Author: User
When you are still trading on paper and preparing your strategy, it is easier to plan Financial battles in your quiet and secure office. Every aspect of the entire campaign should be studied and estimated: if the price increases, what should we do if the price falls? Where and how to increase the position (pyramid )...... In what ways and how to reduce the size of positions? If the position to be placed becomes unfavorable, do you immediately revoke the position, or will you enter the market again to hold the opposite position? These and many other aspects of transactions should be analyzed and estimated before the formation of huge financial risks. It is easy to make these analyses on paper in advance. However, once you take responsibility and invest money and yourself, it is quite difficult to do this.

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