Tuesday, October 12, 2010
Post-FOMC
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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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8 comments:
kudos to u mr. Sparrow..:)
i wish to kno 1 thing,
that do u place fixed stop loss or mental stop loss..
thnx ..:)
Yes, I'd like to know that too. :) How far back do you place your stops and how do you decide where to place them?
For exits, i trail my stop 1-3 bars behind the price.
Thanku forexbird..:)
sorry, 1-3 PIPS, not bars, behind price.
Bluddy ell...
U r a sharp-shooter forexbird..:D
Be my Mentor..:D
Good day..!!
K Singh..
It’s great chance to make money during high profile news like FOMC or NFP, but one got to remember that when we can make huge money, we can also lose huge money; it’s the reason why we got to make sure we don’t do anything silly and focus on trading with strict money management. I get things done easily due to OctaFX broker and their top conditions which include low spreads from 0.2 pips, high leverage up to 1.500 and much more!
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