Entered a choppy market whithout stoploss. The pair changed direction immediately after and forced me to close in catastrophy at the top of retracement. Result :-35 pips!...
1 comment:
Mark
said...
The worst possible thing to be doing is to add stop loss without any proper reason, it is the reason we end up in losses, so if we want to be successful then we must look towards using stop los wisely. I am able to use it much better due to my broker OctaFX, it’s a really honest company and having such broker means I can trade using stop loss easily, it never manipulates as they are a true ECN broker, so having this type of broker is awesome.
"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
"Μηδείς αγεωμέτρητος εισίτω μοι την θύραν". Plato
"Toute lucidité est la conscience d'une perte". E. Cioran
There is nothing to sell on this blog. No signals, no "systems" for sale. Just my trading plan and the recording of my trades on eur/usd and the fx euro future recently. And the books, the music, the films I like.
The Forexbird is a professional currency trader. He is also photographer and engineer, a maths and music addict and curious about everything.
I got a few pips and then I left monitors to take care of my daughters. When I came back, price was 70 pips down...
Risk Disclosure
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The author is not liable for any loss or damage which may arise directly or indirectly from the content of this website.
1 comment:
The worst possible thing to be doing is to add stop loss without any proper reason, it is the reason we end up in losses, so if we want to be successful then we must look towards using stop los wisely. I am able to use it much better due to my broker OctaFX, it’s a really honest company and having such broker means I can trade using stop loss easily, it never manipulates as they are a true ECN broker, so having this type of broker is awesome.
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