Open trading account
January, the13th,
When you lose on a trade - you have to get back on track right away. After closing the first position on the picture I decided to put in another one right away. Waiting for a little retracement or putting in a conditional order would have been much smarter but the pitfall was my default stop loss went in unchanged and was hit. In this position one always puts the stop loss just over - rather then just under the 117.00 line. The stop loss from the previous position is still visible on the picture.
Time and pips lost but two shorts in a double-whammy is all it takes to save the day.
Now for the USD/JPY trades since last post. Some pips left out from that chart but only the end result counts.
Regards, elmagnifico
When you lose on a trade - you have to get back on track right away. After closing the first position on the picture I decided to put in another one right away. Waiting for a little retracement or putting in a conditional order would have been much smarter but the pitfall was my default stop loss went in unchanged and was hit. In this position one always puts the stop loss just over - rather then just under the 117.00 line. The stop loss from the previous position is still visible on the picture.
Time and pips lost but two shorts in a double-whammy is all it takes to save the day.
Now for the USD/JPY trades since last post. Some pips left out from that chart but only the end result counts.
Regards, elmagnifico
