Tale of a GUD Trade Gone Bad

Karen Wong and Daryl Guppy

Chapter 13 in Stocks and Forex Trading:How to Win, 2021, pp 87-90 from World Scientific Publishing Co. Pte. Ltd.

Abstract: A sudden windfall profit rewards you beyond your expected trade target or a share price plummets for no apparent reason. For good trade management, we must anticipate how to react in these situations. At the very least, it should be written into our trading plan. We need to consider the decisions required in response to such circumstances. Capturing an unexpected profit or cutting an unexpected loss has a significant impact on our aggregate trading results. Often these outliers of performance contribute substantially to enhance or destroy our trading…

Keywords: Trading; Stock Trading; FX trading; Currency Trading; Forex; CFD; Security Trading; Trading Games; Daryl Guppy (search for similar items in EconPapers)
JEL-codes: G1 G11 (search for similar items in EconPapers)
Date: 2021
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