Tuesday, June 8, 2010

Get out and re-enter

For me, the best trade on this chart, is the second one, a loser. I didn't let price to go to -10 (or -40, who knows), I exited early to re-enter on the new tide.

1 comment:

Shah said...

This is the wisest thing to do if we want to be successful in a business like Forex, I believe we won’t go far if we don’t learn to accept losses. I was poor in doing that when I started, but ever since I joined OctaFX and participated regularly on their demo contest, it gives me excellent opportunity to correct out my mistakes and allow myself to get success, if it was not for their exciting contest, I might have struggled badly.