I wanted to show a recent loss that i had. Remember smart money management, and you can brush trades like this off no sweat. My experience is No matter how many pips away your stop loss is make it the same comfortable risk amount each time and base it off risk/reward. this way if you trade 10 trades you can loose over half of them and still make money!

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Comment by Gill on June 10, 2012 at 4:35am

Thanks Trae - that is very useful

Comment by raj patel on June 10, 2012 at 8:32am

If you care to look at my summation LIFE OF A FOREX TRADER you will see how traders hang on to various trades in hope. Hope is no way of trading. Hope is also a collection of toughts gleen from comfort that a trader reads from sources. Too much collection of ideas and trade copying is also a delaying mind set that traders suffer. Ever trade must have a stop loss  and do not trade till stop loss is part and parcel of the trade no matter how promising it looks.Learn from your mistakes and better yourself.

Comment by Trae on June 10, 2012 at 11:48pm
Lol. Max I appreciate your reply. I do have rules that I use that work for me not saying its the holy grail it just works for me hope this helps thanks again.


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