Tuesday, June 28, 2011
Tuesday-2
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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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4 comments:
Hi Forexbird,
Thanks for you posts, very interesting always.
I thought you had fixed stops...like 6 pips or somethin' but no?
Thomas
hi Thomas,
you are right, i have fixed stops ..unless a very strong bias is detected like the one yesterday. I know this is a violation of the rules and, in reality, is bad trading.. I try to eliminate such 'discretionary' applications of my method.. lol
We should always prefer to use good setting with any trade and never try to hurry or be greedy. If we really wish to last long then we need to be discipline. I never try to trade when I am uncertain, as that makes profit making extremely tough. I trade with OctaFX broker and with them, it’s ever easier with having low spreads from 0.1 pips for all major pairs to high leverage up to 1.500 while there is also 50% bonus no deposit which really helps me working.
All CFD traders are aware of the fact their success and work is not confined to whatever happens in the trading office environment. It is important for traders to move around and meet clients and this can curtail many of their trades.FXB Trading uses several different mobile platforms so that traders can monitor their orders and place new trades.
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