We humans are simple creatures.We like to boil down complex situations into a single number.
For example, the economy is complex. So we reduce it to one number -- GDP.
Valuing a company is complex. So we reduce it to one number -- a P/E ratio.And so on.
I'm a big advocate that always trading with the same stop-loss and take profits regardless of the chart configuration is a losing strategy.Let's cover 3 easy steps that you can use TODAY to increase drastically your gains and more importantly, reduce your losses.