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CD Center Traders also have to understand how to handle mistakes. Most mistakes are due to taking a bad entry or managing a good entry poorly. However, most trades have at least a 40% chance of failing. A trader has to know what to do when a trade is not doing what he expected. When do you decide that your premise is now wrong and your trade is bad? What do you do once you decide you are in a losing trade?
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Most Head and Shoulder reversals are minor 29:34 Jump up ^ T Southcliffe Ashton – An Economic History of England: The 18th Century, Volume 3 Taylor & Francis, 1955 Retrieved 13 July 2012
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