Dear Traders,

ONE OF THE MOST BASIC BLUNDERS IS NOT PUTTING THE SL . PEOPLE FORGET THAT - ALSO EQUIVALENT IS PUTTING A FAR AWAY SL ( so that it can't be touched ! ) - but ANYHOW WE FIND THAT OUR "SAFE AND FAR" SL WILL BE TAKEN OUT 100% OF THE TIMES !!

This is what happened to me in GBP/JPY pair yesterday.I WENT SHORT AT 152.33 AND PUT A WIDE SL AT 153.65 - A 130 PIP SL - A VERY WIDE SL FOR MY RISK AND LEVERAGE USED.

You can see that it did not go 35 pips below but instead went 165 pips higher !! ( How come this always happens in the reverse direction !!? )

THAT SAFE SL WAS INDEED TAKEN OUT QUICKLY WITH EASE.

I LOST 25% OF MY CAPITAL AS WELL . WITH A CONCURRENT LONG IN GBP/USD - I LOST 50% OF MY CAPITAL

Basic blunders will 100% be punished in the markets.

HAPPY TRADING, KUTTY
Перевести на Английский Показать оригинал