May 2, 2015
Trades & Tutorials
By Geoff Bysshe
Last week there was some pretty bearish price action in the market so it’s not surprising that I got stopped out of several trades as I tried to buy near the low of the day.
This ‘Trades and Tutorials’ video shows you how I got stopped out, and then why I re-entered, and then how I knew my second attempt was not likely to be a winner either!
Tough day in GS. We all have them.
However, as you’ll see, there is a method to my losses. Because I know I have a methodical way to re-enter my trades, I’m much more willing to adhere to my stops. Plus, the re-entry often saves those great trades that are often missed by getting stopped out at the low of the day! You know what I mean.
Warning: I’m not suggesting every stopped out trade should be re-entered.
To learn more about trading with the opening range, download this ebook.
