Rosano / Journal

1 entry for Tuesday, October 21, 2025

  1. [Identify edges objectively.]
  2. [Calculate risk for every trade.]
  3. [Accept the risk or reject the trade.]
  4. [Act on edges without hesitation.]
  5. [Take money off the table when it's available.]
  6. [Monitor susceptibility for errors.]

[Partial take profit reduces risk on the stop by that same proportion.]

[One hierarchy of stages for taking profit can be 1. initial moves in your favour; 2. support or resistance on a larger timeframe (with a move of your stop to the entry point); and 3. significant high or low on a larger timeframe.]

[Variables used to deal with market dynamics can go in and out of effectiveness as market participants and their interactions change.]

Part of Mark Douglas: Trading in the Zone.

Tagged: trading.