I wonder why some readers have 7-8 open trades at the same time. Even it is a demo for some, this a a very bad idea. Trading is not a shoot and kill video game. Be selective with the trades you take. Always look for a reason not to take the trade. If 8 trades go against you and you risked %2 per trade, it takes you few loosing trades and you are on another forum looking for another system. Maximize your trades with 2-3 trades the most on one shot. If no proper money management, no system will work..
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- Jul 7, 2011 10:07pm Jul 7, 2011 10:07pm
- | Joined Oct 2008 | Status: Learning | 1,057 Posts
What you do is a reflection of you....what I do is a reflection of me.
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- Jul 7, 2011 10:20pm Jul 7, 2011 10:20pm
- | Joined Mar 2010 | Status: out | 725 Posts
- Post #7,509
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- Jul 7, 2011 10:57pm Jul 7, 2011 10:57pm
- Joined Jul 2011 | Status: Member | 7,802 Posts
If you trade like me, you'll be homeless and broke within a week.
Goldilocks All Time Return:
-28.2%
- Post #7,510
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- Jul 7, 2011 11:06pm Jul 7, 2011 11:06pm
- | Joined Jun 2011 | Status: Member | 76 Posts
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- Jul 7, 2011 11:58pm Jul 7, 2011 11:58pm
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- Jul 8, 2011 2:52am Jul 8, 2011 2:52am
- | Joined Oct 2008 | Status: Learning | 1,057 Posts
What you do is a reflection of you....what I do is a reflection of me.