I saw this after the initial drop, I insisted to enter on a hypothetical second move down. A sure way to give back some of the daily gains. +9% today, don't complain.
1 comment:
Munaf
said...
In my view it is always alright to end the day with some loss especially if we are not sure of things ahead. I have seen new comers lose all of their profits just because they did not accept minor losses. I always believe that if we are uncertain then just move ahead instead of getting stuck. I trade with OctaFX broker where they have excellent news and analysis service, it is free of cost yet it is highly effective and so far has always lands me into profits.
"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.
Finally I did it : I traded yesterday, for the first time, the euro fx future (6E) instead of the eur/usd cash market. What a difference! A ...
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:
In my view it is always alright to end the day with some loss especially if we are not sure of things ahead. I have seen new comers lose all of their profits just because they did not accept minor losses. I always believe that if we are uncertain then just move ahead instead of getting stuck. I trade with OctaFX broker where they have excellent news and analysis service, it is free of cost yet it is highly effective and so far has always lands me into profits.
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