UKspreadbetting's video: Day Traders Alert How Resting Orders Can Save You from Trading Tilt

✅ Trade with our Recommended Broker: Trade Nation http://www.financial-spread-betting.com/ccount/click.php?id=95 ✅ Check our website: http://www.financial-spread-betting.com/ ✅ Please like, subscribe & comment if you enjoyed - it helps a lot! 📉 Day Traders Alert: Taming Tilt with Resting Orders! Day Traders Alert! How Resting Orders Can Save You from Trading Tilt! 📉😅 😌 Master Emotional Trading with Resting Orders! The pros and cons of leaving resting orders in the market. Leaving resting orders is basically when you've done your analysis and you've decided to buy at a particular level. It is planning your trade before the market is anywhere near it. You are basically pre-planning where you want to get involved in. Dynamic Trading vs. Resting Orders: Finding Your Perfect Balance! ⚖️📈 Pros - You can't become too emotional in the heat of the moment. - Confidence from reading the market well. - Time to do other things. - Helps patience. Cons - May miss good opportunities. - Can't adjust to suit conditions. - Could miss fills. - Can't trade from dynamic levels. ⏳ FOMO-Free Trading: The Patience Game! Overview of Resting Orders: The video discusses the pros and cons of using resting orders in the market. Resting orders involve pre-planning trades by setting buy or sell levels before the market reaches those positions. The speaker emphasizes the importance of understanding the advantages and disadvantages of this approach. Pros of Resting Orders: Emotional Control: Resting orders help prevent emotional trading by eliminating impulsive decisions in the heat of the moment. Confidence Building: Executing trades based on pre-planned levels instills confidence, especially when the market behaves as anticipated. Time Management: Resting orders allow traders to step away from the screen, providing flexibility to focus on other activities. Discipline and Patience: It promotes discipline and patience by avoiding premature entries and encouraging waiting for the planned levels. Cons of Resting Orders: Missed Opportunities: Traders may miss potential opportunities or changes in market conditions when not actively monitoring the screen. Inability to Adapt: Resting orders limit the ability to adapt to evolving market conditions or adjust trade parameters based on new information. Frustration from Missed Fills: There is a risk of frustration if a trade is missed by a few ticks, and traders cannot take immediate action to address it. Limitations in Dynamic Trading: Resting orders may not be suitable for trading strategies based on dynamic indicators like moving averages or VWAP. Time-Tested Strategies: How Resting Orders Improve Your Trading Discipline ⏰📈 Advisory on Using Resting Orders: Mark suggests that resting orders can be a valuable tool in specific conditions but may not be universally suitable. Traders should consider a hybrid approach, combining resting orders with active monitoring to adapt to changing market conditions. Impatient or less disciplined traders might find resting orders beneficial as they provide a structured approach to trading. Caution for Day Traders: For day traders, using resting orders can prevent getting caught in a frenzy of impulsive trading, potentially minimizing losses or gains. The video concludes by encouraging viewers to explore resting orders, especially if they struggle with impatience or discipline, and invites feedback on their experiences. ✅ Our channel sponsor for this month are Trade Nation meaning these guys are covering our costs of operation. We only accept reputable and properly regulated providers as sponsors. Please support us by trading with this provider. Trade Nation offer the popular MT4 platform as well as an easy-to-use web trading platform with fixed spreads. Sign up with Trade Nation: http://www.financial-spread-betting.com/ccount/click.php?id=95 📜 Disclaimer 📜 81.7% of retail investors lose money when trading CFDs and spread betting with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Related Videos The Secret Power of Trading With Limit Orders 👍 https://www.youtube.com/watch?v=zKYu1twGvS4 Market Orders vs. Limit Orders: Which Should You Use? ☝ https://www.youtube.com/watch?v=Jbbter76aro Why Should You Be Trading with Limit Orders? ✅➡️ https://www.youtube.com/watch?v=w8r7hPDFGRE How to Use Stops and Limit Orders to Exit or Get into Trades 👍 https://www.youtube.com/watch?v=AiHr1eUblUc Avoid These Common Limit Order Mistakes! 👍 https://www.youtube.com/watch?v=YOIyKrwPfKs