Book - Martin J. Pring , How to Manage Risk Using Technical Analysis
Sunday, September 4, 2016
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Trade Foreign exchange market Education
Best One :
Tips :
1. Putting on a counter-trend trade during a news spike
2. Not setting a stop loss to breakeven when profit is +20 pips in the money
3. Holding too much conviction on a long-term move
4. Generalizing beliefs on where price will head
5. Not waiting for the setup
6. Chasing a trade late after a setup has already occurred
7. Sloppy trading (“sure, it’s going up”)
8. Letting a profitable trade turn red
Story :
The Market is my beautiful friend , She loves me and wants to take care of me. She borrowed $20,000AUD of me and now she is paying it back. Which is very nice of her cause that $20,000 was all I had! I have had a nice break from the market while I was busy trying to deal with all the problems my loan to the market caused me. I scraped together $700 and traded again for the first time in 6 months. I spent 18 months of lurking and studying the threads here. She has started paying me back much quicker than I had anticipated and I am sorry for doubting she would ever pay me anything at all!
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