We are tapping into the trader mind of scott bauer of trading advantage. Hello scott. Hello. Good morning. You are sharing with us your top trading tips starting with, dont be a hero. Why not . Because youre going to fail more often than not. Bottom line. When you go into a trade in the marketplace and i dont care if its in commodities, stocks, equities, options whatever it is, you need to have a set plan and that set plan should not be trying to hit a home run. Because you may hit a home run one out of every ten times but strike out the other nine times. So go in with a plan. Go in with realistic profit expectations and when things dont work outdont ride it out, exit your strategy and go into the next plan, because you know what . Theres always another trade to make. You also say dont pile on. I think this is following the herd mentality. Why does that not work . Heres a great example. We saw abercrombie earnings and the stock was down 20 on real high volume. Dont get into a stock lik
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