Wider stops when trading trend

But first the rules! Because short-term nature of this technique, swing traders must adhere to some very basic rules, including:
· If the trade moves in your favor, carry overnight odds favor follow-through. Expect to leave the next day's aim point. Overnight gap presents an excellent opportunity to take profits. By concentrating on just one entry or exit from a day relieves pressure.
· If your entry is correct, the market should move positively almost immediately. It can be returned to the test and / or overcome its entry point a little, but that's okay.
· Do not lose position during the night. Exit and play for position for the next day.
· A strong close indicates a strong opening the following day.
· If the market does not perform as expected, the output of the first reaction.
· If the market offers you a windfall of big profits, take them to the bank to close.
· If you are long the market closes flat, indicating a lower opening the following day, zero or exit the trade. Game for a better position for the next day.
Ÿ The always OK to scratch a trade!
· Use tight stops when swing trading (wider stops when trading trend).
· The goal is always to reduce risk and create "Freebies."
· When in doubt, get out! You have lost your road map and your game plan!
· Place your order on the market.
· When the trade is not working, output of the first reaction.
° are expected!