In both strong and weak markets, your main focus is to play superior defense

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As I’ve mentioned earlier, when you set your protective sell stops, you’re not only protecting your financial capital, you’re protecting your emotional capital as well.

Even if you would consider yourself as having an aggressive trading style, your main focus in both strong and weak markets, is to play superior defense.

Protect your capital at all costs.

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When to use Time Stops to protect your capital

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When momentum stalls, you can deploy a “time stop” to sell before your percentage-based protective stop gets filled.

Good trades start making you money right away.

If momentum stalls right after you get long, it’s a warning sign that you have bad timing.

Click here to get your free copy of The Inner Voice of Trading audiobook.