We need to be very careful that we don’t risk our whole account for few pips, as often we get into mindset where just to collect 10-15 pips, we end up losing 50-100 pips, so that’s where use of stop loss is crucial and we need to be certain on the trade before going into it. I always work with extra dose of freedom thanks to OctaFX broker’s mighty rebate program that brings 15 dollars profits per lot size trade including the losing trade as well.
The entry was late and risk was taken on the first trade, price went to -10 and then again up.
We need to be very careful that we don’t risk our whole account for few pips, as often we get into mindset where just to collect 10-15 pips, we end up losing 50-100 pips, so that’s where use of stop loss is crucial and we need to be certain on the trade before going into it. I always work with extra dose of freedom thanks to OctaFX broker’s mighty rebate program that brings 15 dollars profits per lot size trade including the losing trade as well.
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