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Unexpected disasters are an unavoidable part of the trading game.
What separates the pros from the amateurs is how they react to these events. Here s a concrete plan to help you manage your trades when the market opens against you. T here s a great deal of emphasis in the trading community on entering and exiting trades. However, there s much less discussion about how to manage your open trades, and even less on what to do when things go wrong the darker side of trading. The active trader, more so than any other type of market player, has to know how to handle disaster when it strikes.