Wednesday, September 15, 2010
Quiet morning
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"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.
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3 comments:
Hello mate!
Do you place initial stop-loss for your trades? Is it fixed ?
And do you pay attention to risk/reward in every trade, or you simply have a bankroll as in poker (for example max. loss for the day 10 pips).
I wait for your reply, friend
i have a stop at -3 to -5 on EU and i move this to follow price, once in positive.
Sometimes quit morning can be great as far scalping is concern, but of course there should be a strong plan to work out things or it can be very risky. I don’t have to worry about too much because with help of OctaFX broker, I find everything in control with their epic Rebate program that helps me earn 15 dollars profits per lot size trade and this is even with the losing trades too, so that’s why it’s so special and easy.
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