Wednesday, October 20, 2010
Late entry
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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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1 comment:
I believe we need to be careful with late entry since one mistake can be deadly. I usually prefer to enter whenever I am comfortable instead of late entry. I trade with OctaFX broker where I am very comfortable and that’s to do with their low spreads which is just from 0.1 pips while there is also smooth trading platform like cTrader, so that really helps me with performance due to the instant execution of all trading orders including the losing ones too.
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