tag:blogger.com,1999:blog-4709646752697007273.post1964710426998821377..comments2023-10-06T06:38:49.753-07:00Comments on Lord Tedders Futures and Forex Trading: The key to trading success in any market - your trading planLord Teddershttp://www.blogger.com/profile/08853719769033533263noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4709646752697007273.post-19268280490010313872007-01-13T11:04:00.000-08:002007-01-13T11:04:00.000-08:00Yeah I personally don't understand the concept of ...Yeah I personally don't understand the concept of mental stops. If you've placed your stop in the strategically correct position then it will only be hit when the trade proves itself wrong.<br /><br />I suppose that if you feel that you need to use a mental stop (say like you're trading 150+ cars) then leaving it with someone else would be a good idea. If you're not trading any serious size I can't see why you would bother. <br /><br />Those who complain that their broker "hunts" their stops are typically the ones who don't have a trading plan in the first place. And that isn't your broker's fault.Lord Teddershttps://www.blogger.com/profile/08853719769033533263noreply@blogger.comtag:blogger.com,1999:blog-4709646752697007273.post-34805543000367838842007-01-13T04:39:00.000-08:002007-01-13T04:39:00.000-08:00I am currently reading "Inside the house of money"...I am currently reading "Inside the house of money" by Steven Drobny (excellent book). In it he interviews Macro traders and one Yra Harris, a floor trader, talks about leaving stops with somen=one else (in his case it was his sister). He claims this is what saved him alot of money when the UK announced that they would join the EMS at 2.95 (he was short). He said if he was watching he might have hesitated. A non partial/biased person does not.Bankerhttps://www.blogger.com/profile/03215896316185279351noreply@blogger.comtag:blogger.com,1999:blog-4709646752697007273.post-17811994225482701402007-01-12T16:28:00.000-08:002007-01-12T16:28:00.000-08:00Thanks. I too have deviated from many trading pla...Thanks. I too have deviated from many trading plans. That's why I really love the idea of once having formed a plan to commit to it for at least 30 trades.Lord Teddershttps://www.blogger.com/profile/08853719769033533263noreply@blogger.comtag:blogger.com,1999:blog-4709646752697007273.post-88066059196223935212007-01-12T16:16:00.000-08:002007-01-12T16:16:00.000-08:00Excellent post. The plan is the key. I have been t...Excellent post. The plan is the key. I have been trading for many years and at times (to many to be honest)I have deviated from my plan. Any trader can learn from this post.Bankerhttps://www.blogger.com/profile/03215896316185279351noreply@blogger.com