Part 5 · lesson 1 of 3
You learn the four instructions you can give.
About 5 minutes.
Whose numbers these are
You have not picked a firm yet. So the figures below come from one firm’s published rules. Each one is named and dated where it appears. Pick a firm and the same lesson runs on your own numbers.
stop
The price you decide in advance would mean the idea was wrong. It closes the trade for you when it gets there.
Of the four, this is the one that decides what being wrong costs. The other three decide when you are in and when you are out on purpose.This one comes back: What does a stop decide, and when do you decide it?