: Fear and greed often manifest as "doubt." By adhering to Rule 6, you remove the emotional burden of trying to "save" a bad trade.
: If you are currently in a trade and find yourself unsure of the market's direction, close the position immediately. gann trade 6
: Never let a profit turn into a loss by raising your stop loss as prices rise. Rule Category Core Lesson Rule 6 Psychology Remove doubt; if unsure, exit or stay out. Rule 1 & 2 Risk Management Limit exposure and use hard exits ( Stop Losses ). Rule 5 Always trade with the trend, never against it. Conclusion : Fear and greed often manifest as "doubt
Look for resistance at the 50% mark of the previous downward move. Rule Category Core Lesson Rule 6 Psychology Remove
This core principle from W.D. Gann’s 28 Essential Trading Rules is a psychological and tactical safeguard designed to protect your capital from emotional decision-making. The Philosophy: Protection Over Prediction