Not very professional trading, really...Like a newbie, again..
Wednesday, July 6, 2011
Strong bias = dangerous trap
Not very professional trading, really...Like a newbie, again..
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Not very professional trading, really...Like a newbie, again..
"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:
This is something very common with me because there are many times where I am hesitant in opening a trade but once I see it going in my direction then no matter how far it has gone I still ride it which is a horrible habit in most times because it can take a U-turn very fast and I don’t want to be against it. If I do this sort of trade then money management is necessary and thanks to OctaFX broker, it is really possible due to the massive bonus of 50% that we get.
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