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Risk taken twice on an "obvious" downtrend. The reversal, however, could happen at any time...Tuesday, February 17, 2009
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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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1 comment:
Risk is something we need to be very wise with taking; as if we take too much risk then it will be hard to manage. So, we need to just make sure we keep everything in calculated way, as that is what is going to allow us to reach far. For me, it’s just too easy to do with OctaFX broker through their small spreads at 0.1 pips for all major pairs while there is also rebate scheme where I can get up to 15 dollars per lot size trade even on losing one, so all that settles down nicely.
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