Tuesday, October 5, 2010

Don't play with a strong trend

Four of these many trades were contra-trend. Three of them gave small but unnecessary losses. Anticipating a correction on a strong trend is the shortest way to perdition.

1 comment:

Aryan said...

Sometimes such situations can be really tough to handle, it’s mainly because we think that there is change in trend and we enter wrong while similarly we often enter at such peak that we still lose, so we need to go with balance act! I am grateful to OctaFX broker, it’s all due to their service with rebate program that helps me be comfortable given I get 50% back on all trading orders, so I can be aggressive and get the rewards for it.