"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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4 comments:
Hi Forexbird,
I notice on this chart, you got out of the first trade at -3.9, yet it appears you held on in the second trade, even though it dropped by a similar margin. I am mistaken or is this the case? If so, could you explain why?
Thanks,
Trader32
You are right, on the second i gave more room to the trade, as the 4 pips of initial stop were too tight for post-NFP conditions.
OK, thanks.
Post NFP can be one of the easiest time to trade or can be worst dependent upon which side we are on, if we are able to work out well then we could get excellent chance of profits but at the same time and wrong move and it can into losing. I am at the moment trading with OctaFX where I get good chance of making profits right through out any major events or even after it due to the low spread of just 0.2 pips that is charged.
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