What Is Trading?
STEP 1 · LEARN
Trading is the act of buying and selling an asset with the goal of profiting from a change in its price. Every trade has two required sides: an entry, based on a specific condition, and an exit, based on a target or a stop.
Trading is not guessing. It is acting only when a specific, defined condition is present.
STEP 2 · SEE
CONDITION METENTRYHOLDEXIT
EVERY TRADE HAS TWO SIDES
STEP 3 · PRACTICE
What are the two required sides of every trade?
AEntry and exit
BProfit and loss
CBuy and hold forever
DChart and news
CORRECT ✓
Every trade needs a defined entry (based on a condition) and a defined exit (a target or a stop).
NOT QUITE
Think about the two decisions every trade requires you to make, not the outcome of the trade.