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A Complete Strategy
A daily trader must have a strategy planned before entering into the trading market. This strategy consists 3 E’s Enter, Exit and Escape. These three terms are the best practice to deal the worst case also in best possible ways.
Here referring to the terms before entering into the market an entered price should be decided and a plan should be there in case strategy doesn’t work.
To minimize the loss, a stop rate should be known so that you can get the higher exit price compared with entering price.