Best way to keep losers small? - Page 3
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Thread: Best way to keep losers small?

  1. #21

    That's me, getting skittish and walking away with 2.5% instead of 12%
    Now excuse me while I go ruin some furniture.

  2. #22
    Quote Originally Posted by ;
    Clearly this is really to do with using good money management and tight stop loss.
    This was precisely my point, thank you.

  3. #23
    Hard to create any kind of good reply as nobody knows your type of trading.

    But in general....with many years trading. . .both your choices are wrong.

    Moving to breakeven is a newbie proceed to aid with your mind, temporarily, until you begin to see a lot of your prospective successful transactions take you out at b.e. and then continue in your intended direction.

    Look at your first phrase:'Reduce your losers'. This implies being pro-active, and managing your risk. Entering a halt and departing it is a real half-assed approach to handle your risk. Your initial trade probably has wiggle room. Now. . .at what stage do you reduce risk? (something you must research). Reduction in your risk will confirm that your region of interest has some creedence, but isn't out of the woodwork yet. If you move your stop to b/e for any reason other than trade invalidation, and you are wasting your own time trading.

    Hope this helps.

  4. #24

  5. #25
    An illustration from last night
    7:00 PM UK Time

    initial risk reduced whenever possible... 2 tries

  6. #26
    Quote Originally Posted by ;
    Make principles and adhere with them, period.
    It's the human's character - to break rules. People set them, and the humans that were same break them. We're not machines.
    If everything were so simple, the world would be a perfect place.

  7. #27
    Quote Originally Posted by ;
    An Illustration from last night GBPUSD 7:00 PM UK Time First risk reduced as soon as You Can... 2 tries Picture Picture
    Everything makes sense now

  8. #28
    To avoid We Must avoid date timings and news timings

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