The situation still has not been resolved for over two hours now
Notably, the DAX is down but other cash markets such as those in Austria, Czech, Hungary and Slovenia are also down at the moment due to the technical difficulty.
Notably, the DAX is down but other cash markets such as those in Austria, Czech, Hungary and Slovenia are also down at the moment due to the technical difficulty.
The sooner traders learn to carefully manage risk the better off they will be. So many new traders come in with only the thoughts of profits dancing in their heads. This is equivalent to a football team only focusing on scoring points and not planning their defense.In trading you must play both sides of the ball. You have to be able to score points against the market and not allow the market to score back those points on you.
Your entries are your offense and your exits are your defense.
Letting a winner run is your offense, cutting your loser short is your defense.
Your automatic buy stop is your offense and your automatic stop loss is your defense.
Buying a monster stock is an offensive move, planning on how you will exit with your profits is your defensive move.
Identifying a trend is your offensive play creating a trading plan on how to trade it is your defensive play. (more…)