adaseb wrote: es/pip wrote: adaseb wrote:
a lot better than i did today
was down a decent amount in the morning
made a majority of it back------------ still was down i think---- never looked at it
i had some decent trades off the pound that made up for it
now i have some CASH ZONE target trades on lol
Post some of your losing trades.....ppppplease
The most I have ever learned about trading is when I watched chris lori manage some of his losing trades for small losses in the ptc archive vids.
What he was looking at, what told him the trade was NOT gonna work out, how he got his target for exits of 7, 2, 5 or what ever, they were minimal losses.
Just as es/pip does, keeps them small and rarely gets his full stop taken out.
I had a loss on g/u short today, had 2 chances to get out with -3 and -5, I ended up taking a -41. Doh.
Luckily it was only 1/4 position size and only 0.87% loss on account.
I started thinking about what M.O. said about keeping loss to 0.9%, did the calculations and then sat there with finger on trigger to exit for 15min....(mental battle) finally decided that's it, I'm out.