HI AIMS Masters:
Thanks for your support in getting hold of the system. However, need your help in cutting short the losers.
I had entered a trade today with all 3 rules met on the classic setup 1 and M5 looked good. When was I suppose to cut this loser? For how long are we suppose to the consider the initial SL, particularly when the trade keeps making different AIMS boxes after coming down following a buy trade. The attached pictures explain my story. Pls help understand me better.
When to cut the loser?
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naqviimran
- Free Member
- Posts: 54
- Joined: 22 Dec 2011, 07:59
- 13
When to cut the loser?
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: When to cut the loser?
If you're following the usual Setup 1 plan, or Grants flow chart, as a rule, black dot, i.e. close below green line or break of AIMS is your exit.
ps: on a gap like this, when you have so many other options to look at, I won't even trade that pair/stock etc. Gaps don't fit well with Gator.
ps: on a gap like this, when you have so many other options to look at, I won't even trade that pair/stock etc. Gaps don't fit well with Gator.
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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: When to cut the loser?
Just saw my last reply and that chart... man its a pure example of WHY you should NOT trade equity charts on m1. And Equity charts in India? I have no idea how they work. But man look at that chart. its got absolutely no information no edge.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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Hill
- AIMSter
- Posts: 93
- Joined: 18 Nov 2014, 23:45
- 10
Re: When to cut the loser?
There are multiple exits in AIMS, you may pick what fits you and your mentality. I was using Green Line in the beginning, Now using RED Line.