One of the important issues for many trades is their mental state while trading. How do we keep calm when a trade goes a bit against us and when is it time to take your money and run?
For that purpose I often use the Indicator known as “Bollinger Bands”. This indicator is often used in wrong way by many traders not understanding the core principles and the ground rules for this excellent tool.
Here I give you a little tast of how I use it in my daily trading.