Wednesday, November 9, 2011

Bad timing on an easy market

The trend was strong and gave easy pips on the bwginning. Then, on the last two trades, a considerable risk was taken as I refused to close on the correctice moves, precisely because (I felt that) the trade was strong. This is the perfect way to get a -30 on the face, on a very fast retracement...

5 comments:

Anonymous said...

Riskyyyyyyyyyyyyyyy.. lol

Constantino, how do u manage ur risk?
I mean like, trading with specific risk earlier in the day and later risking more (risking the profits earned during the day);
or set % of position size per trade..

Keep well..!!

chals kerly said...

when you’re trading avoid gambling. Gambling can be defined as risking a stake against a chance outcome in the hope of a return.
http://aff.bestforexpartners.com/click.php?ctag=a3092-b1154-p

Craig Ballantyne said...

Finding positive correlation between backtesting results and other phases of testing, including out-of-sample and forward performance testing, is pivotal in precisely estimating the feasibility of a trading system and Forex robot reviews.

Marsh said...

This is so obvious and happens so many times that is why it is important that we should avoid been greedy and be happy with whatever is on offer but it could work other way as well since if we close early and it goes in our favor we feel upset but I feel some profit is better than risk and I prefer to close every trade quick thanks to OctaFX my broker providing low spread of just 0.2 pips for all major pairs.

Tweezer said...

The secret behind success in CFD trading is the speculation that is done by traders on various securities and currency pairs. It is essential that traders get hold of a platform where they can check out accurate data. FXB Trading offers real time information that allows traders to predict successfully when it comes to shifts and trends in the CFD market.