Had a great entry and then my trading equipment failed and so I used my phone to cut the trade. It then did what was expected. I did a great job of sticking to my backup plan if for some reason my computer breaks or internet goes out. This was a big win for my knowledge account.
Posted Sep 17, 20 6:50 PMbycstaff37
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Basics, Price Action: Buying Dips/Panics, Trading Mistakes
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CRDF
Thanks for this Chris. Just starting off here on the challenge as of a month and a half ago. Do you feel your phone is a reliable backup? IOW, should you have both your computer system and phone on STT all the time while one figures out or upgrades to other backup means?
@vp_trader So for me the phone is just a fail safe to get out of a trade if my internet, power, or computer stop working. I had a big loss early in my trading because I was in a trade and my internet cut out and I had no clue how to login to my etrade and cut the trade from my phone. Since then I now have a rule that if I'm in a trade and something fails I will immediately login with my phone as I try to diagnose the issue. If the trade is going against me I cut, if its working I hold and work o
Thanks for this Chris. Really good feedback. Best vp
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