Thursday, September 17, 2009

Risk

A far from perfect day, although profitable. The reason : risk taken twice. I still have a difficulty to close trades opened at breakout points..

35 comments:

dirkt said...

your comment also could have been written by me =) ... struggling with the same problem, but lately I recognized, that, if the move is really good, the price starts immediately in your direction, so from now on, if there is a hesitation and price goes against me, i immediately close the trade and try to get in on the next breakout

dirkt said...

one more: what's the reason for the first trade?

The forexbird said...

besides, it's the difficulty to acept that you (I) may be wrong..

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The forexbird said...

31 posts were deleted as irrelevent to this blog or simply nasty. Please do not post more of this kind.. Thanks

Kohli said...

In such market situation, it can be seriously rewarding but it’s very risky too, as I see this week is lined up with full of events, so we got to be very careful and make sure we spot up right opportunities to go in since that’s really the best way we are going to succeed and able to achieve good profits. I get outstanding support from OctaFX broker using their mouth-watering conditions which include lowest possible spread from 0.1 pips, no issues over slippage, re quote or delay; it all works in my favor.