Coping with the stress of Retracements

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Coping with the stress of Retracements

One of the most emotional parts of trading is watching your pair retrace, either working itself toward your stop or cutting some of your profits. So how do we survive the emotional roller coaster of retracements?

The first step is recognizing that there is a retracement. The second step is realizing our emotional self and that self is fearful that price will go against us.

William Delbert (WD) Gann (1878 – 1955), one of the recorded greatest traders in technical trading grew ...

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