Quote:
Originally Posted by rhodytrader
This seems backwards to me. I only have 1 reason to enter a trade - the set up matches my criteria. That's it. Quite a few things can get me out of a trade, though.
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These (the three items mentioned by 4xstar) aren't "reasons to enter" as such - they're pre-determined parameters by which the trade will be managed: descriptive of the trade taken (or ought to be), not prescriptive of it. But, 4xstar makes a valid point: they are, in general, important questions to ask and answer before committing to a position.