94887Somebody asked me, should I input short prior to the news that the PPI figure is higher then anticipated, than will I exit earlier. My answer is NO. I will stay in the trade until I have stopped out at 100 pips reduction. If I am not stopped out I'll ride this out until the CPI report on Monday night.
I will just enter with 1 complete lot will be risking 1% of my trading capital. Therefore 100 pips reduction would mean a reduction of $1000. That is totally acceptable risk for me. Since my beginning times of trading I have been told to PLAN THE TRADE THEN TRADE THE strategy. Emotions have no place in trading.
KAZAM