Develop Situational awareness skills | stockbee

3/25/2019

Develop Situational awareness skills




Objective of SA is to avoid drawdowns and be proactive in adopting your trading to market conditions.

SA has to be daily exercise , you can not just think of SA when you get hit with big losses.

SA needs to be actionable. It might be like avoid new position , reduce risk to X %. Or move stops to protect profits.

SA should answer

What is your market bias today
Is there a plan to exploit it
Is there an alternative plan

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