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Why 95% of traders fail? WHAT WOULD YOU DO IF... ...You were in charge of a MULTI BILLION DOLLAR hedge fund and you had $100 million in euros and the price of the Euro started to plummet? ...You were in charge of a MULTI BILLION DOLLAR hedge fund and you had $100 million in US dollars and the price ...

TRO already said that he admits that it is WRONG to add to a losing position. I've done that before, and one nerve wrecking sleepless night made me learn this rule for good !!! Certainly, some times you might save money, the other- you will lose all positions that you add. And thats already complica...

but YOU DO, like you stated above.
sorry, i might have missed the point.

are you saying that you too sometimes add to a losing position and you admit that thats wrong? (since we are all human)

Pro,
thanks for the comment on my topic and thank you for the idea of keeping a log on kreslik. this way one knows that others are watching and in turn this helps to stay disciplined with the system used.
regards.
FxT.

nope, I dont add to a losing position, and any small losing trade up to now would have turned out to be a big one if I ever added to a losing position while scalping. Maybe you could enlighten us newbies on how to do that and not lose the account ;]

I know it does, look at the 40 pips profitable trade just below. But I HESITATED !
But this log IS helping me.
Cheers.

Funny things is, I always considered TRO SR RR as a reversal indicator, Iwas concentrating on Go Long/Short triggers, but Im more confident taking breakouts than reversals, lol.

TRADE N# 3 ; + 8 pips 2009.05.12 @ 12:34 GBP/USD breakout. SELL at 1.5082, TP at 1.5074. my BASTARD FX bandit filled me in 3 pips later, my order was at 1.5085. "slippage". but when it comes to TP, their execution is impeccable ! Price jumped to 1.5066, but, of course, filled at the "...

I just CAN NOT believe this. Picked wednesday as my day to work out and thus miss all the good trades, and MOST potential ones played out very well as I analysed the history later on, but I wasnt there to tak them. Today is thursday, Im trading, waiting for opportunities. And it turns out to be NOT ...

TRADE N# 1 ; + 7 pips

2009.05.12 @ 16:07
EUR/JPY breakout. SELL at 131.76, buy back at 131.69. Went another 15 pips before a bigger reversal