Target Accuracy Versus Support And Resistance Stops
Silver is trading sideways. Time to evaluate stops and targets. When the mind is overwhelmed due to data overload or too many variables in a probable outcome, it likes to simplify. In its extreme, it resorts to intuitive responses like fight-flight. What is overwhelm? In most cases, it is an emotional response to an unsolved problem. For trading, this means a data stream evaluation that accumulates to too many questions and results in a desire for simplicity. In the case of exits, most beginning and intermediate traders resort to a support and resistance stop. But that is a very simple way to ...