prochargedmopar wrote:aliassmith wrote:MightyOne wrote:You really need to just cut your losses short and get out of these trades when they picture changes.
A good number of times price will continue in the direction that it re-entered a cone; if it looks like it re-entered from two directions then choose the direction in which price closed over something.
I agree. There are always more trades. PRO should stop being so stubborn and try to get the account over $800 as a goal. Baby steps!
I do not sell, only BUY.
Which is why I recently ditched a few pairs.
I only trade in the direction of + float.
So why would I close such a small position?
I can trade long any time I wish.
Plenty of margin avail.
Hey Mr. green rat. Not sure what pairs you do trade, but if I were only taking longs I would be looking at G/U the most this week. I'm bearish on most yen pairs. Maybe glance at E/J and ride a quick reversal. You will add a zero to your account eventually.