Sunday, 19 February 2012

NEVER TURN A WINNER INTO A LOSER

NEVER TURN A WINNER INTO A LOSER 



We have all violated this rule. However, it should be our goal to try harder not to violate it in the future. What we are really talking about here is the greed factor. The market has rewarded you by moving in the direction of your position, however, you are not satisfied with a small winner. Thus you hold onto the trade in the hopes of a larger gain, only to watch the market turn and move against you. Of course, inevitably you now hesitate and the trade further deteriorates into a substantial loss. Theres no need to be greedy. Its only one trade. Youll make many more trades throughout the session and many more throughout the next trading sessions. Opportunity exists in the marketplace all of the time. Remember: No one trade should make or break your performance for the day. Dont be greedy.

1 comment:

  1. I would like to suggest that you use the highest ranking Forex broker: AvaTrade.

    ReplyDelete

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