Wednesday, January 26, 2011
Contra and straight
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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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2 comments:
If you don't mind me asking do you use a fixed pip stop loss or use technical places on the chart as your SL? If a fixed stop loss what would the pip size be? And do you use a percentage of your capital per trade, for example 0.5% or 1% etc.....Thanks
i put sl on technical places but i try to keep it bolow 6 pips. i use a leverage of 20 for lot size.
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